1 / 16

Topics

Topics. Mid-Sized Accounting Firms Acquisition of TBS by RSM McGladrey Chicago. A Clarification About Our Affiliated Practice Unit. Altschuler, Melvoin and Glasser LLP (“AM&G”), a partnership of Certified Public Accountants, is a separate, independently-owned, independently-operated entity.

adora
Download Presentation

Topics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Topics • Mid-Sized Accounting Firms • Acquisition of TBS by RSM McGladrey • Chicago

  2. A Clarification About Our Affiliated Practice Unit • Altschuler, Melvoin and Glasser LLP (“AM&G”), a partnership of Certified Public Accountants, is a separate, independently-owned, independently-operated entity. • AM&G serves as the vehicle through which staff acquire CPA experience and meet the requirements for CPA licensure. • AM&G has a leasing arrangement with American Express Tax and Business Services Inc. to provide staff to conduct audit and other attest services.

  3. Why merge? Strategic • Positions us as the leading provider of tax, accounting and business services to mid-sized organizations • Pass the $1 billion threshold – join the ranks of top 5 U.S. accounting firms • Create significant critical mass in key U.S. markets • The combined company will have more than 7,000 professionals • Enhances competitive positioning – broader and deeper depth of services • Acquire a client base into which to sell complete services portfolio RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner-owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

  4. Why merge? Tactical • Very close client demographic alignment between the two organizations • Complimentary vertical and functional expertise • Positive impact on buying participation and win rates • Employee retention and recruitment tool • Positive internal motivator RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner-owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

  5. Chicago (est. market $2.8 b) Deloitte & Touche USA 28.4% PricewaterhouseCoopers 12.6% Combined RSM / TBS 12.3% Ernst & Young 12.2% KPMG 9.7% Crowe Chizek 4.8% Grant Thornton 3.0% BDO Seidman 1.8% 1.8% Blackman Kallick Bartelstein LLP FGMK, LLC 1.5% Source: Crain's Chicago Business Firm Market Share

  6. The Unique Alternative • The capabilities, technical expertise, resources and services of a national accounting and consulting firm. • The special features (personalized, individual attention and “open door” environment) normally associated with regional firms.

  7. Top Reasons to Consider Chicago • Lake Michigan • Terrific Restaurants • Sports (Cubs, Sox, Bulls, Bears, Hawks, Wolves, Fire) • World-Class Theatre • Music & Entertainment • Amazing Museums • Great Public Transportation • Two Major Airports • Top-Notch Shopping • Lots of IU alumni

  8. . . . Cubs Pitching! Zambrano Wood Prior

  9. New Hire and Recruiting Events Cubs Rooftop / Cooking Class Golf / Bowling with SAS

More Related