Citrin Cooperman

Citrin Cooperman

Industry	Accounting, Tax, and Business Consulting
Founded	1979
Founder	Joel Cooperman and Niles Citrin
Headquarters	New York City
Key people	Joel Cooperman Niles Citrin Laura Kucera David Kells Kenny Li John Bonelli
Services	accounting, tax, business consulting
Website	http://www.citrincooperman.com/

Citrin Cooperman is a US-based accounting, tax, and business consulting firm.^[1] It is the 9th largest firm of its kind.^[2][3]

History

Citrin Cooperman was founded in 1979 by Joel Cooperman and Niles Citrin, when they were still in their 20s.^[4] In 2007-2008, two Philadelphia-area accounting firms joined Citrin Cooperman: Mandeloff Silver Ryan in November 2007 and Matarazzo, Goldis & Co. in Narberth, Pennsylvania, in November, 2008.^[4] In November 2010, the firms Wlodinguer, Erk & Chanzis and Rose, Dratch & Gilbert joined Citrin Cooperman. The WEC deal expanded the firm’s entertainment, media and sports practice while the RDG deal expanded their traditional accounting services.^[5] In July 2014, MGI Repetti joined Citrin Cooperman, adding 10 partners and 50 staff. With the combination, Citrin Cooperman became a 600- person accounting firm with $160 million in revenues.^[6][7] The technology consulting firm RCS, Real-Time Computer Services, joined Citrin Cooperman in June 2015.^[8] In August, 2015 the Bethesda, Maryland based accounting firm, Regardie, Brooks & Lewis joined Citrin Cooperman. The expectation is for annual revenue to reach $185 million as a result, with the addition of six new partners.^[4] In November, 2015, Joel Popkin & Company joined Citrin Cooperman. Joel Popkin & Company is a boutique accounting, tax and consulting firm with more than 45 years of experience in the restaurant, nightclub and event venues business. The agreement meant that approximately 25 new professionals joined Citrin Cooperman and that Citrin Cooperman became one of the largest accounting practices in restaurant and hospitality services in the United States.^[3]

In June, 2016 Capstone Wealth Management, LLC, joined with Citrin Cooperman Wealth Management, creating a new and independent Registered Investment Advisory company called Apexium Financial LP. Apexium will have offices in Manhattan and White Plains, NY; and Philadelphia, PA.^[9]

On August 1, 2016, Kirkland Albrecht & Fredrickson joined Citrin Cooperman, allowing Citrin Cooperman to enter into the Boston region market. The partnership is expected to raise Citrin’s annual revenues to $200 million. With the addition of KAF’s two offices in the Boston area the company will now have nine offices on the east coast.^[10]

Offices

The company is based in New York City and has offices in White Plains, NY; Livingston, NJ; Philadelphia, PA; Norwalk, CT; Plainview, NY; Bethesda, MD; Braintree, MA; Woburn, MA; and Providence, RI. The company has international offices in India and the Cayman Islands.

Affiliations

Citrin Cooperman has a number of affiliations. Citrin Cooperman Wealth Management, LP (CCWM) offers clients independent personal financial planning and fee-based investment advisory services with a team of in-house experts. Citrin Cooperman is an independent member firm of Moore Stephens North America (MSNA), which is a regional member of Moore Stephens International Limited (MSIL). Working together, Citrin Cooperman puts clients in touch with MSNA accounts in the local market to assist them with their needs.^[11]

Apexium Financial LP is the affiliate company established from a joint venture between Capstone Wealth Management and Citrin Cooperman Wealth Management, LP in June 2016.^[9]

Management

• Joel Cooperman: Chief Executive Officer^[2]
• Niles Citrin: Co-Founding Partner and Chairman of company’s tax department^[12]
• Mark L. Fagan: Managing Partner of the Connecticut office^[13]
• Laura Kucera: Chief Marketing Officer
• John Bonelli: General Counsel ^[14]
• David Kells: COO ^[15]
• Kenny Li: CIO ^[16]
• Alan Badey: Managing Partner of the White Plains office^[17]
• Pat Cummings & Michael DeVito: Co-Managing Partners of the New York office^[18]
• Michael Sabatini: Managing Partner of Long Island office ^[19]
• Alex Serrano & Ed Horton: Co-Managing Partners of the New Jersey office ^[20]
• Mark Carrow: Managing Partner of the Philadelphia office ^[21]
• Phil Baker & Paul Gnatt: Co-Managing Partners of the Bethesda, Maryland office ^[22][23]

Community involvement

In 2005, Citrin Cooperman started a college grant program which awards scholarships based on academic achievement and a desire to pursue a career in accounting or business. Each year they select several high school seniors who will receive $1000 a year for four years.^[24] In February, 2016 Citrin Cooperman, along with other companies, sponsored an awards event that recognized twenty outstanding family owned businesses in Westchester and Fairfield counties in New York.^[25] The company sponsored a $2,500 prize in the Tribeca Film Festival. The prize, which was for best actress in a Narrative Feature Film, was awarded to actress Hannah Murray who played Sara in Bridgend.^[26] Citrin Cooperman were co-sponsors with WestFair Communications of the annual Westchester County Doctors of Distinction ceremony on October 29, 2015.^[27] In April 2012, they donated 20 pieces of art to the Seabury Academy of Music and the Arts located in Norwalk. The artwork was collected over a period of 30 years by the firm from various locations around the world.^[28] In August 2011, Citrin Cooperman helped to raise $67,000 for the Leukemia & Lymphoma Society as part of the charity auction sponsored by their client, Global Traveler Magazine.^[29]

Awards and industry recognition

• In 2015, Citrin Cooperman was chosen as the CPA Firm of the Year at the Association for Corporate Growth, New York Chapter’s 5th Annual Champion’s Awards. They were honored, as well, for being on the deal team for AGI Partners.^[30]
• Currently ranked 21st overall and 4th among Mid-Atlantic accounting firms - Accounting Today's Top 100 Firms (2016) ^[31]
• Ranked 18th on Philadelphia Business Journal's list of Top Accounting Firms (2016) ^[32]
• CPA Firm of the Year from ACG New York Champion’s Awards (2015) ^[33]
• Ranked 7th on NJBiz Best Places to Work List (2016)^[34]
• Citrin Cooperman (Wilfredo Fernandez, CPA, partner, accounting and tax) was awarded CPA/ Large Firm of the Year by SmartCEO magazine in July, 2015.^[35]
• Ranked 6th on Connecticut’s Best Places to Work List (2015)^[36]
• 13th Largest Accounting Firm in the NY Metro Area, ranked by personnel - Crain's New York Business (2015) ^[37]
• Currently ranked 21 st overall - Inside Public Accounting's Top 100 Firms (2016)^[38]
• Best Places to Work in PA - Central Penn Business Journal (2013) ^[39]
• In 2012, Citrin Cooperman was recognized by Philadelphia SmartCEO magazine as a 2012 Future 50 Award recipient.^[40]
• The New Jersey Society of Certified Public Accountants named Citrin Cooperman CPA, Stacy L. Gilbert, a “Women of Note” at its annual convention. Gilbert was recognized as a female CPA who has had a significant impact on the profession of accounting.^[41]
• Dave Hollander, a tax director in the company’s Bethesda, Maryland office, was recognized by Washington SmartCEO as a 2016 Center of Influence Award honoree.^[42]
• Citrin Cooperman employee, Victor Wlodinguer, a partner/practice leader in music business management, was recognized by Billboard as one of 30 "Top Music Business Managers" in 2016.^[43]

External links

• News article
• News
• CNBC Video
• Tax Information

References