Anchin Company Profile

Background

Overview

Anchin, Block & Anchin LLP, established in 1923, is a premier accounting, tax, and advisory firm headquartered in New York City. The firm specializes in serving privately held companies, investment funds, and high-net-worth individuals and families, offering a comprehensive suite of services designed to address complex financial challenges and objectives. Anchin has been recognized for its exceptional client service and workplace culture, consistently ranking among the best places to work in New York and nationally.

Mission and Vision

Anchin's mission is to provide insightful advice, accountability, and meticulous client service, aiming to be a trusted partner in clients' financial health and growth. The firm's vision is to deliver value-driven solutions that help clients navigate challenges and seize opportunities, fostering long-term success.

Industry Significance

As the largest single-office public accounting firm in North America, Anchin holds a significant position in the accounting industry. Its longstanding history and comprehensive service offerings have established it as a key player in the financial services sector, particularly in New York City.

Key Strategic Focus

Core Objectives

Anchin focuses on delivering personalized and proactive financial solutions, emphasizing partner-level engagement to ensure tailored strategies that align with each client's unique needs and goals.

Areas of Specialization

The firm specializes in a wide range of services, including:

Tax strategies and compliance

Tax credits and incentives

State and local and international tax strategies

Family office services, management, and succession advisory

Growth, transition, and exit strategies

Transaction advisory

Client accounting advisory services

Cybersecurity and digital risk solutions

Litigation support, forensic accounting, and valuation services

These services are designed to help clients overcome challenges and achieve their financial objectives with confidence.

Key Technologies Utilized

Anchin leverages advanced technologies to enhance service delivery, including:

Cybersecurity and digital risk solutions

Client accounting advisory services

These technologies enable the firm to provide comprehensive and efficient solutions to its clients.

Primary Markets Targeted

Anchin primarily serves:

Privately held companies

Investment funds

High-net-worth individuals and families

The firm's services are tailored to meet the specific needs of these groups, addressing complex financial and business challenges.

Financials and Funding

Funding History

As a privately held partnership, Anchin does not publicly disclose detailed financial information or funding history. The firm has experienced consistent growth, expanding its staff and service offerings over the years. In 2023, Anchin celebrated its 100th anniversary, marking a century of providing exceptional client service.

Recent Developments

In 2021, Anchin launched an Emerging Manager Platform to support start-up and early-growth hedge, private equity, real estate, and venture capital funds. This initiative offers a mix of traditional and non-traditional professional services across audit, tax, advisory, and consulting, tailored to the unique needs of emerging managers.

Pipeline Development

Anchin's strategic initiatives focus on expanding its service offerings and client base. The launch of the Emerging Manager Platform in 2021 is a key development, aiming to support the growth of emerging funds through tailored services. The firm continues to explore opportunities to enhance its service capabilities and market reach.

Technological Platform and Innovation

Proprietary Technologies

Anchin utilizes proprietary technologies in areas such as:

Cybersecurity and digital risk solutions

Client accounting advisory services

These technologies are integrated into the firm's service offerings to provide comprehensive and efficient solutions to clients.

Significant Scientific Methods

Anchin employs advanced methodologies in:

Cybersecurity and digital risk management

Client accounting advisory services

These methods are designed to address complex financial and business challenges, ensuring clients receive effective and innovative solutions.

Leadership Team

Key Executives

Russell B. Shinsky: Managing Partner

Russell has been with Anchin for over 30 years, serving as Managing Partner since 2010. He has played a pivotal role in the firm's growth and strategic direction.

Frank Schettino: Managing Partner

Frank has been with Anchin since 1990 and has served as Managing Partner since 2010. He has been instrumental in expanding the firm's service offerings and client base.

George Teixeira: Tax Partner and Member of the Emerging Manager Platform Team

George specializes in tax planning and structuring for emerging managers, providing strategic guidance to support their growth.

Jeffrey Bowden: Tax Principal and Member of the Emerging Manager Platform Team

Jeffrey focuses on tax planning and structuring for emerging managers, offering tailored solutions to meet their unique needs.

Leadership Changes

In 2010, Russell B. Shinsky and Frank Schettino were appointed as Managing Partners, succeeding the previous leadership. Their leadership has been marked by strategic initiatives aimed at expanding the firm's services and enhancing client relationships.

Competitor Profile

Market Insights and Dynamics

The accounting and advisory services market is characterized by a diverse range of firms, from large multinational corporations to specialized boutique firms. Key trends include increasing demand for integrated services, technological innovation, and a focus on client-centric solutions.

Competitor Analysis

Anchin's primary competitors include:

Big Four Firms: Deloitte, PwC, EY, and KPMG, which offer a broad spectrum of services globally.

Regional Firms: Local firms in New York City and surrounding areas that provide specialized services.

Boutique Firms: Specialized firms focusing on niche markets or services.

Anchin differentiates itself through its personalized service, deep industry expertise, and commitment to client success.

Strategic Collaborations and Partnerships

Anchin is an independent member of BKR International, a network of more than 160 firms with over 500 offices in over 80 countries. This affiliation allows Anchin to offer clients a global reach while maintaining personalized service.

Operational Insights

Anchin's strategic considerations include:

Market Position: As the largest single-office public accounting firm in North America, Anchin leverages its size to offer comprehensive services while maintaining a personalized approach.

Competitive Advantages: The firm's deep industry specialization, partner-level engagement, and commitment to employee satisfaction contribute to its strong market position.

Strategic Opportunities and Future Directions

Anchin continues to explore opportunities to expand its service offerings, particularly in emerging markets and through technological innovation. The launch of the Emerging Manager Platform in 2021 is a strategic move to support the growth of start-up and early-growth funds, positioning Anchin as a key partner in the development of emerging managers.