August 30, 2010
Jeffrey M. Weiner, Managing Partner of Marcum LLP, Quoted in Hartford Business Journal Article -CT Accounting Industry Sees Fundamental Shift
By Kathryn M. Roy
The slow economy and the increasingly complex task of auditing business performance are combining to send seismic ripples through the accounting industry.
Recent acquisitions involving some Central Connecticut firms, as well as diversifications at still others are reflective of what may be a fundamental shift in the nature of the industry here.
At Manhattan-based accounting firm Marcum, LLP, Managing Partner Jeffrey M. Weiner said the company’s purchase earlier this year of tax and business consultants UHY Advisors’ New England practice was part of the company’s strategic growth plan.
Weiner, who’s a CPA, said the economic slowdown presented opportunities for expansion.
“We saw the opportunity with the economy slowing to really take the brand we had and the services we provide and expand it into a national footprint,” he said.
Last year, Marcum merged with firms in South Florida and Philadelphia. The firm will expand into California before the end of the year, adding an additional 150 employees. Weiner said the company has its sights set on Chicago for next year.
Weiner said with each acquisition, the company has acquired additional expertise. The growth also makes it easier for Marcum to serve its clients locally, and grow its existing client base.
“It makes it easier to attract new clients because of the depth of our bench, so to speak, and the locations we have,” he said.