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Moore Stephens Names Lurie as New Member

Moore Stephens North America (MSNA) has announced the addition of Lurie LLP (FY17 net revenue of $28 million) of Minneapolis to the association. Lurie was founded in 1940 and is one of the top 15 Accounting firms in the Twin Cities and one of the top 120 nationally.

“We are fortunate to have Lurie LLP as the newest member of Moore Stephens North America,” says Tony Szczepaniak, CEO of MSNA. “Lurie is a firm founded by entrepreneurs who have taken their experience in building and sustaining their firm and have translated it into a client service point of view that is truly unique. This foundation will be a great compliment to those of MSNA and our current member firms.”

“We are excited about adding the resources of Moore Stephens North America to our firm,” says Beth Kieffer Leonard, MP of Lurie. “Our membership in MSNA will allow us to collaborate with member firms to address the evolving opportunities around technology, client service and business solutions. MSNA member firms are focused on the future and will continue to focus on proactive advice and service in highly complex situations.”

Lurie is the newest firm to join the association’s 40 member firms in the United States, Canada, Mexico and the Caribbean. With over 150 collective offices, Lurie’s Minneapolis-based office is the first office headquartered in Minnesota.

Moore Stephens International Appoints Colella as Global CEO

Anton Colella

Anton Colella

Anton Colella has been appointed global CEO of Moore Stephens International. He is currently global chief executive of the Institute of Chartered Accountants of Scotland (ICAS).

“His experience offers a unique insight into the challenges facing our business and he brings change management skills which will greatly benefit our network and its member firms. Anton’s appointment provides the inspiration, direction and challenge necessary to achieve the objectives of Moore Stephens International and cement our position as a major global business,” says Richard Moore, chairman.

Colella comments, “The accountancy and advisory world is at a crossroads, where the challenges of technology, ethics and geopolitical upheaval will present opportunities for those who are bold enough and ambitious enough to seize them.

“Over the past decade, Anton has been the architect of a transformed ICAS and we want to thank him for his immense contribution,” says ICAS president, Sir Brian Souter.

Moore Stephens North America Appoints New CEO

Tony Szczepaniak

Tony Szczepaniak

Moore Stephens North America (MSNA) announced at their annual conference that Tony Szczepaniak will join the association as CEO. Szczepaniak will lead MSNA’s strategic operations, focusing on membership growth, international collaboration and geographic expansion.

Szczepaniak brings a wealth of experience in the accounting industry, having spent 15 years working in and leading teams within Fortune 500 corporate tax departments followed by 15 years in public accounting. Most recently, Szczepaniak served as partner and national leader of the Alliance Group at RSM US LLP, where he spent 10 years in firm association management, with the past five as the head of the McGladrey Alliance.

As CEO of MSNA, Szczepaniak will continue his success as a strategic business leader and change agent working with the association’s member firms to enhance the association’s breadth of technical expertise and industry knowledge in accounting, auditing, tax and business consulting services.

“I’m looking forward to working with such a well-respected association and creating a unique vision for the future. I’m a builder and creator, which makes this role a natural fit,” says Szczepaniak. “Driving that vision forward and continuing to create value for the member firms and their clients is our main goal.”

“Tony is very in tune with the accounting profession and has a strategic vision for the future of Moore Stephens,” says Louis Grassi, board chair of MSNA. “With his leadership and innovative mindset, we can continue to enhance the Moore Stephens brand and propel the association forward.”

IPA Spotlight On … Steven Sacks, Moore Stephens North America

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Steven Sacks

Name: Steven Sacks

Title: Executive Director

Association Name: Moore Stephens North America

Number of Member Firms: 44

What do Moore Stephens North America member firms have in common?

The willingness to share information and provide responsive and competent assistance. This is because our members – though independently owned and operated – think of our association as a monolith but in a positive way. Our members treat clients referred to them by other members as if they were their own clients. Our members have strong desire to grow; to anticipate and evaluate marketplace shifts and operate accordingly.

Moore Stephens North America calls itself a progressive accounting firm association. How so?

Our organization looks at markets and trends, both domestically and globally, and transforms them into opportunities, such as to penetrate certain markets in order to remain competitive against the Big 4 and super regional firms. For example, we have created teams of firms to collaborate on proposing on work in various industry sectors. We also have very active special interest groups that serve as conduits for information dissemination and practice and technical assistance between our members. On a regular basis our firms make presentations to other member firms on a service or process that can be beneficial in running a practice or growing the business.

Have you found that as the world gets smaller, and accounting firms become more specialized, that the need for a strong accounting association increases?

The main driver is the global nature of today’s business. This is driving the accounting profession to become more hands-on with clients and potential clients that need value-added services beyond the traditional compliance work. A firm cannot be an expert in all areas; so as client needs evolve, specialized knowledge is required. The natural alternative to buying talent or building a practice from the ground up, is to work seamlessly with other member firms that possess the necessary knowledge. It makes perfect sense for a firm that is experiencing this to evaluate the existing associations and assess their overall intellectual capital base, as well as the membership “attitude.”

Moore Stephens Logo - Black MS- cyan line-white background 49mm jpegWhat kinds of assistance are member firms seeking most often from their association?

It runs very wide gamut. What we have been seeing from our firms is the secret sauce in hiring and keeping the top talent in a very competitive market. So learning and development initiatives and leadership guidance are ranked very highly. Other areas our firms are interested in include employee benefits, software that results in greater productivity and lower costs, discount buying power from vendors and identifying experts in needed areas. They also look for guidance on how to increase their brand identity in their marketplace.

Can you share your thoughts on how U.S. firms will grow over the next 5 years and how their accounting association can assist in that process?

The next few years will see a wave of leadership succession in firms. As such, the skills, philosophies and tools combined with a more global economy will require that the services and resources we provide are in alignment with firm cultures – because the next generation of professionals will expect that their own firms offer an environment that is state of the art; an environment that values their contributions and demonstrates this clearly; is keen on developing leaders; and does more than pay lip service to work-life balance.

Like firms that will need to replenish their bench strength, associations can serve as a magnet for attracting young talent and enabling them to participate in any way that is practical in association activities, whether through training workshops, temporary overseas assignments and special interest groups. Because, social media is the main tool, firms must recognize that the young talent needs to stay connected. And this year Millennials overtook the Gen Xers as the largest cohort in the workplace and by 2020 they will represent about 53% of the work force. So firms in conjunction with associations will need to develop leadership programs and create a pathway for expansion of responsibility, risk-taking and innovation.

Being part of an association provides firms, irrespective of size, with a competitive advantage; strength in numbers; access to thought leaders; and the ability to increase revenue from synergies created through collaboration.

Moore Stephens Announces New Member Firm

Moore Stephens International Limited (MSIL) announced that Toronto-based Segal LLP has joined the Moore Stephens North America association, which is a member of the MSIL network.

The team at Segal has a diverse set of skills and expertise that includes accounting, personal and corporate tax preparation and estate planning, to name a few.

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Decosimo Managing Principal Nick Decosimo Reelected To Moore Stephens Board of Directors

Nick Decosimo

Nick Decosimo

Chattanooga, Tenn.-based Joseph Decosimo and Company (FY 13 net revenue of $37.2 million) announced that managing principal Nick Decosimo was recently reelected to the board of directors of Moore Stephens North America, Inc. (MSNA).

Decosimo is a part of a seven-member board of directors for MSNA. “Moore Stephens has established a worldwide reputation for excellence, and I am honored to have been reelected to serve on the board of Moore Stephens North America,” says Decosimo. “Our firm and our clients have greatly benefitted from Decosimo’s association with Moore Stephens and I am looking forward to continuing to work with the MSNA Board of Directors.”

MSNA’s executive director Steven Sacks says, “We are very pleased to have Nick’s continuing participation and guidance during this period of enormous changes in the profession.”

Corbett, Duncan & Hubly Joins Moore Stephens North America

Corbett Duncan & Hubly of Itasca, Ill. (FY12 net revenue of $8.3 million) has joined Moore Stephens North America, giving MSNA 50 member firms in the U.S., Canada, Mexico and the Caribbean. MSNA is a regional member of Moore Stephens International Limited, which has over 300 firms in more than 100 countries.

SC&H Group Joins Moore Stephens NA

Moore Stephens N.A. admitted Sparks, Md.-based SC&H Group (FY11 net revenue of $49.6 million).

“With a growing global economy, our clients’ expansion needs require us to provide a wide range of services into new markets,” says Ron Causey, the firm’s MP. SC&H brings expertise in a number of critical areas, serving over 100 of the Fortune 500 companies.

Additionally, its state and local tax practice is one of the more robust in the U.S. as it has more than 80 professionals dedicated to this increasingly important area. SC&H Group is headquartered in Maryland, with offices in Virginia, Georgia, Florida and Colorado.

Two Moore Stephens Firms Join Forces to Create A New Top 100 Firm

Walnut, Calif.-based Moore Stephens Wurth Frazer and Torbet, (FY08 net revenue of $23.6 million) is merging with Little Rock, Ark.-based Frost, PLLC, (FY09 net revenue of $24.2 million) formerly, Moore Stephens Frost, effective Jan. 1, 2010.

Dean Yamagata, MP of MSWFT, says, “Both of our firms have built practices which include specialization in the animal agriculture industry, spanning the past five decades. In addition, our West Coast offices have a great deal of experience working with Chinese and Pacific Rim companies that are publicly traded in the U.S., along with having a strong niche in the construction industry. This merger combines our unique individual and combined expertise in the dairy production, animal agriculture, food processing and construction industries – along with our rapidly expanding international business – and positions us to be an even stronger leader in those areas.”

The merged firm will be known as Frazer Frost, LLP and will continue to operate out of all current locations. Frazer Frost will enter the IPA Top 100 firms list in 2010. IPA welcomes the newly merged firm.

After the merger, Frazer Frost will represent business in 47 states in the U.S. and 15 countries, internationally. The firm will be led by co-MPs Yamagata (West coast operations) and Dan Peregrin MP of Frost, (Midwest and East Coast operations). The firm will employ a total of 272 staff.

Frazer Frost will continue its membership in Moore Stephens North America, Inc.

Moore North America Announces Tony Caleca as Chair, Appoints Three New Members to Executive Board

Matt Armanino

The accounting network Moore North America (Moore NA), one of eight regional members of Moore Global Network Limited (MGNL), has voted for three new members to join the Moore NA executive board.

“Our membership in Moore has been invaluable,” says Matt Armanino, CEO at San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million). “It has allowed us to expand our relationships and capabilities across the network. As a board member, I look forward to helping Moore continue to differentiate itself as client-centered organization during this time of incredible change in our profession.”

In addition to Armanino, Moore NA appointed the following board members, effective Jan. 1: Alan Badey, president and MP of the headquarters office at New York-based Citrin Cooperman (FY18 net revenue of $277 million), and Greg Hutchins, partner at Los Angeles-based Holthouse Carlin & Van Trigt (FY18 net revenue of $150 million).

Alan Badey

“Citrin Cooperman has been a member of Moore NA for almost a decade during which I have seen both our firm and the network evolve alongside each other,” says Badey. “I am proud to have been appointed to the board of Moore NA and am looking forward to working together on opportunities to focus on the future for us, our clients and communities.”

Hutchins says, “As a board member, my goal is to help drive more effective collaboration and knowledge sharing among our member firms. We learn from each other, regardless of the size of the firm, and that is the power of the association.”

Greg Hutchins

Tony Caleca, MP at St. Louis-based Brown Smith Wallace (FY18 net revenue of $50 million), has ascended to the role of chair, following his previous role of vice chair of the board.

“As chairman of Moore North America, I look forward to collaborating with Moore leaders across North America and the world in serving our colleagues and our clients with transformative and innovative strategies,” Caleca says.

Tony Caleca

“With the guidance of Tony and the addition of our new members, I am certain this board will bring new and exciting insights and perspective to help members thrive,” says Tony Szczepaniak, CEO of Moore NA.

Leaving the board is Lou Grassi, CEO and MP of New York-based Grassi & Co. (FY18 net revenue of $63.6 million) and Andy Armanino. Since stepping down from his role of CEO and MP of Armanino at the end of 2018, he has served on the Moore Global board and will succeed Richard Moore as Moore Global chairman on Jan. 1.

Moore NA’s 39 member firms in the United States, Canada and Mexico have over 120 offices and eight member firms on the INSIDE Public Accounting Top 100 Firms List.

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