February 18, 2010
Marcum Forms Outsourcing Firm to Strengthen Financial and Regulatory Compliance Services
As a result of strategic growth, Marcum LLP, one of the largest independent public accounting and advisory services firms in the nation has formed MarcumBuchanan Associates LLC, a financial and regulatory compliance outsourcing firm. The new entity is comprised of former employees from Buchanan Associates LLC, a recognized expert in financial industry regulations and compliance and will operate under the umbrella of The Marcum Group, a multifaceted professional services organization.
“Marcum historically has always had a strong focus serving the financial services industry with a particular niche in working with broker dealers of securities. The addition of this highly-specialized industry group can significantly help Marcum grow its client base and position the firm as the preeminent accounting firm serving the broker dealer community,” stated David Bukzin, the New York City Partner-in-Charge of Marcum’s Assurance Practice Group and Lead Partner of the Firm’s Broker Dealer Services Group.
Founded in 1991, Buchanan Associates LLC provides established and start-up broker dealers and investment advisers, including hedge fund managers, with services that support registration and compliance with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulations and requirements, a unique service offering for the broker dealer industry.
“Buchanan and Marcum share the same business vision, have exceptional credentials and constantly strive to serve the dynamic needs of its clients,” stated Vincent Buchanan, President of MarcumBuchanan Associates LLC. “Marcum’s geographic reach and impressive depth of services will help us grow our business beyond the New York City area and broaden the scope of service offerings with traditional and non-traditional accounting and advisory services.”
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity funds and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.