RMSBG has diverse experience in servicing private equity and hedge fund
investment partnerships and broker-dealers. We are familiar with the
unique accounting, financial reporting and tax issues that pertain to
these segments of the financial services industry. Fund managers and
broker-dealer management appreciate our fee structure and prefer our
personal approach to handling their accounts.
Private Equity Funds
The private equity market over the past few decades has constituted an
important source of financing for start-up companies, private middle
market companies and established closely-held companies. One of
RMSBG’s first clients in 1986 was a large NYC private equity fund, and
from that start over 20 years ago we have established our firm as a
knowledgeable and dependable resource and trusted advisors to the
private equity fund industry.
Our practice includes experience with leveraged buyout firms, venture
capital, SBIC’s, mezzanine and senior financing and real estate funds.
We assist our private equity fund clients in identifying the accounting,
audit and tax issues that are specific to this industry. We advise on
investor reporting, investment tax structure, fund administration and
complex accounting and tax matters. We have worked with private
equity funds that manage funds of upwards of over $1 billion.
Hedge Funds
We focus on start-up, incubator and smaller hedge funds and their
investment advisers. We can assist you with tax, accounting, reporting,
audit and fund administration issues. Services are provided to start-up
and established hedge funds, including fund of funds, master/feeder
structures. Our services include:
- Review of partnership agreements
- Review of tax and accounting allocations to partners
- GP Over-ride calculations
- Year-end audit of financial statements
- Partner capital account reconciliations
- Year-end tax estimate letters to partners
- Tax return and investor K-1 preparation
- Assistance with selection of hedge-fund software
- Outsource of back-office accounting function
Broker-Dealers
With a former NASD-licensed Financial Operations Principal-(Series 27)
on our leadership team, we are uniquely qualified to help broker-dealers
comply with regulatory filing requirements. Our professionals are
knowledgeable in the accounting, tax and regulatory issues specific to
this industry.
We provide various services to our broker-dealer clients including being
their independent auditor or providing outsourced accounting
department services and filing their FOCUS reports. The timely filing of
FOCUS reports is one of the regulatory requirements that are contingent
upon the broker-dealer’s ability to complete the monthly reporting
process in a timely and accurate manner. RMSBG has advised clients on
how to design a financial reporting package that enables management to
timely compile the required financial data and to better understand the
margins and productivity of their operating units. In this industry
sector, we also specialize in creative approaches to structuring tax-advantaged
compensation programs for commission-based employees.
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