Financial Services Industry

Financial services firms operating in a highly scrutinized and regulated environment requires specialized expertise. Our professionals offer extensive experience in helping navigate this complex environment and coordinating engagements with our clients’ personnel and other service providers. In addition, they are continuously trained on current reporting and regulatory tax matters and other timely issues.

Broker Dealers

• Annual audits of financial statements required for filing with regulatory authorities
• Review of internal control systems and issuing internal control letter
• Tax compliance and tax planning for the entity and its principals
• Preparation and/or review of Net Capital Calculations (monthly/quarterly)
• Preparation and/or review of FOCUS Reports (monthly/quarterly)
• Accounting and back office services, including:
  • Maintenance of general ledger
  • Reconciliation of bank statements
  • Reconciliation of brokerage statements
  • Auditing of branch offices for regulatory compliance

Hedge Funds

• Annual audits of investment partnership or LLC financial statements
• Audits of annual schedule of changes in members’ capital accounts
• Assistance with internal audits and review of internal control systems
• Preparation of Federal, state and local tax returns
• Calculation of wash sale, constructive sale and tax straddle positions to facilitate tax planning and preparation of tax filings
• Calculation and allocation of investment realized gains and losses

Private Equity

• Financial and operational due diligence
• Forensic investigations
• Acquisition
• Choice of legal entity
• Fund structure
• Review of organizational documents
• Partnership agreements
• Private placement memoranda
• Quarterly compilation or review of financial statements
• Financial statement audit
• Year-end audit
• Performance reviews
• Preparation of partnership economic and tax allocations
• Tax planning and compliance
• Preparation of Schedule K-1s

Download Financial Services Industry Brochure