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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. - PowerPoint PPT PresentationTRANSCRIPT
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.
• 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.
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
Why merge?
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.
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.
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%
Blackman Kallick Bartelstein LLP 1.8%
FGMK, LLC 1.5%
Chicago (est. market $2.8 b)
Source: Crain's Chicago Business
Firm Market Share
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.
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
. . . Cubs Pitching!
Wood Prior
Zambrano
New Hire and Recruiting Events
Golf / Bowling with SASCubs Rooftop / Cooking Class