NEW YORK, Feb. 14, 2020 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, LLP, one of the nation's largest accounting, tax, and advisory firms, announced today that PKF O'Connor Davies Family Office (PKFOD FO) was named "Best Multi-family Office Over $10bn" at the Private Asset Management Awards 2020. The winners were announced at a ceremony in New York City on February 6, 2020. Each year, Private Asset Management recognizes the top investment professionals, wealth advisors, legal firms, consultants, and other key service providers in the private asset management space. The award reflects a growing industry demand for independent, conflict-free advisors who deliver a comprehensive set of family office services with objective, strategic advice.
"Ultra-high-net worth families have complex lives and face a unique set of issues, and we've continually evolved our broad set of customized services and outsourced solutions to meet their financial, business, and personal needs," said Gemma Leddy, Partner-in-Charge of PKFOD FO. "Our approach is rooted in providing conflict-free strategies and solutions. The entire family office team, including leaders Marc Rinaldi and Steve Prostano, is grateful to Private Asset Management for its recognition of our modern alternative to the traditional multi-family office model."
The annual Private Asset Management awards are selected by a panel of industry experts based on a mix of qualitative and quantitative performance indicators, including financial progress, growth, client satisfaction, and product innovation.
As the family office sector has shifted towards objective advice and comprehensive services, accounting and professional services firms have gained an advantage in the industry. PKFOD FO provides unparalleled experience, specialized expertise, and innovative solutions. Over the past year, the practice has been one of the fastest growing in the firm, building its offerings around engaging with single family offices, tax planning, and outsourced solutions. It made significant additions in technology and talent over the last year, including adding Prostano, a recognized thought leader in the family wealth and family office space, to the team.
"All of the upgrades and expanded capabilities we've undertaken in the last year have been in pursuit of greater client service and meaningful solutions for the clients we serve," said Prostano, Head of Family Advisory Services at PKFOD FO. "It's our unwavering focus on those families that makes awards like this possible and even more meaningful."
PKFOD FO is the award-winning Family Office division of PKF O'Connor Davies, LLP. PKFOD FO offers financial, tax, accounting, planning, investment, transaction, philanthropic, and business acumen along with direct, alternative and sustainable investments, family office, Wall Street insights, and entrepreneurial business experience and leading technology.
About PKF O'Connor Davies, LLP
PKF O'Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 12 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 800 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.
PKF O'Connor Davies is a top-ranked firm according to Accounting Today's 2019 "Top 100 Firms" list and the Firm is also recognized as a "Leader in Audit and Accounting," a "Pacesetter in Growth" and one of the "Top Firms in the Mid-Atlantic." In 2019, PKF O'Connor Davies was named one of Vault's Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain's New York Business, and the 10th top accounting firm in New Jersey according to NJBiz's 2019 rankings.
PKF O'Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC), Government Audit Quality Center (GAQC) and Public Company Accounting Oversight Board (PCAOB).
By consistently delivering proactive, thorough and efficient service, PKF O'Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm's seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.
PKF O'Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O'Connor Davies is ready to help clients meet today's ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit http://www.PKFOD.com.
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