April 22, 2013

Cornerstone Accounting Group Merges into Marcum LLP

Cornerstone Accounting Group Merges into Marcum LLP

New York City, NY – Marcum LLP, a leading national accounting and advisory firm, today announced a merger with Cornerstone Accounting Group, an accounting and assurance firm, focused on the real estate industry, with headquarters in NYC. The merger is effective immediately. The entire Cornerstone team consisting of five partners and 75 staff will join Marcum. Cornerstone’s Managing Partner Daniel Vitulli will become National Leader of Marcum’s Real Estate industry group and will join Marcum’s Executive Committee.

Cornerstone provides a full range of accounting and assurance services to its industry-leading clients, including private equity funds, hedge funds, real estate investment trusts, pension advisors and private real estate companies. “Daniel Vitulli and the Cornerstone team are a best-in-class national organization and this transaction firmly establishes Marcum as a premier national real estate accounting group,” said Jeffrey M. Weiner, Marcum’s Managing Partner.

“As a national accounting firm with a footprint in over 20 regional markets, Marcum provides the Cornerstone Accounting Group the opportunity to significantly expand our reach and grow services for both our local and national clients,” Mr. Vitulli said.

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., as well as select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as nonprofit and social sector entities, 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.