February 18, 2010

Marcum Forms Outsourcing Firm to Strengthen Financial and Regulatory Compliance Services

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 a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum’s industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. The Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum.