RSSM CPA LLP Company Profile

Background

Overview

RSSM CPA LLP, established in 1956, is a full-service Certified Public Accounting (CPA) firm headquartered in New York City. The firm offers a comprehensive suite of services, including accounting, auditing, tax planning and preparation, as well as specialized consulting services such as litigation support, forensic accounting, business valuations, mergers and acquisitions, due diligence, retirement planning, estate planning, fiduciary services, employee and executive benefits, and full-service outsourcing. Through its membership in MSI Global Alliance, an international association of independent legal and accounting firms, RSSM extends its services both nationally and internationally.

Mission and Vision

RSSM is committed to providing exceptional accounting, assurance, tax, and advisory services. The firm focuses on personalized attention and customized services to each client by building long-term relationships and providing the expertise and resources of a national firm. RSSM creates value-added solutions through its professional experience.

Industry Significance

Recognized as one of the Top 100 Accounting and Consulting firms in the United States and one of the Top 30 CPA firms in the New York City metropolitan area, RSSM has established a strong presence in the accounting industry.

Key Strategic Focus

Core Objectives

RSSM aims to deliver high-quality, comprehensive accounting and consulting services tailored to meet the diverse needs of its clients. The firm emphasizes building long-term relationships and providing value-added solutions to foster client growth and success.

Areas of Specialization

The firm's specialized services include:

Litigation support

Forensic accounting

Business valuations

Mergers and acquisitions

Due diligence

Retirement planning

Estate planning

Fiduciary services

Employee and executive benefits

Full-service outsourcing

Key Technologies Utilized

While specific technologies are not detailed in the available sources, as a modern CPA firm, RSSM likely employs advanced accounting software, data analytics tools, and secure communication platforms to enhance service delivery and client engagement.

Primary Markets Targeted

RSSM serves a diverse clientele, including:

Real estate

Manufacturing

Construction

Wholesalers

Wine and beverage

Importers and distributors

Apparel

Modeling agencies

Publishing and printing

Insurance

Broker-dealers

Hedge funds/investment partnerships

Not-for-profit organizations

Retail

Service and trade contractors

Attorneys, physicians, and other professionals

High-net-worth individuals

This broad market focus enables RSSM to apply its expertise across various industries, providing tailored solutions to meet the unique challenges of each sector.

Financials and Funding

Funding History

As a privately held firm, RSSM's detailed funding history is not publicly disclosed. The firm has grown organically and through strategic mergers, such as the merger with Kahn, Hoffman & Hochman, LLP in 2011, which added 40 accountants, including four partners, to its practice.

Recent Developments

In 2014, RSSM underwent significant restructuring, with 13 of its 24 partners leaving to join other major firms, including Citrin Cooperman and WeiserMazars. This restructuring led to a reduction in the firm's size but aimed to enhance its efficiency and agility in the market.

Pipeline Development

As a professional services firm, RSSM does not have a product pipeline or clinical trials. Instead, the firm's development focuses on expanding its service offerings, enhancing client relationships, and integrating new technologies to improve service delivery.

Technological Platform and Innovation

Proprietary Technologies

Specific proprietary technologies used by RSSM are not detailed in the available sources. However, as a leading CPA firm, RSSM likely utilizes advanced accounting software, data analytics tools, and secure communication platforms to enhance service delivery and client engagement.

Significant Scientific Methods

While not a scientific research firm, RSSM employs rigorous methodologies in its consulting services, including forensic accounting and business valuations, to ensure accuracy and reliability in its findings.

Leadership Team

Key Executives

Martin L. Greenberg: Managing Partner

Michael Bernstein: Managing Partner

Fred E. Shapss: Former Managing Partner

Corey D. Bell: Partner

Robert A. Modansky: Partner

Mitchell Rubin: Partner

Matthew Murphy: Partner

Professional Backgrounds and Contributions

Martin L. Greenberg: As Managing Partner, Greenberg has been instrumental in guiding RSSM through significant mergers and restructuring efforts, including the merger with Kahn, Hoffman & Hochman, LLP in 2011.

Michael Bernstein: Also serving as Managing Partner, Bernstein has played a key role in the firm's strategic direction and client service initiatives.

Fred E. Shapss: Former Managing Partner, Shapss led the firm through various growth phases and was involved in the merger with Citrin Cooperman in 2014.

Corey D. Bell, Robert A. Modansky, Mitchell Rubin, and Matthew Murphy: These partners have contributed to the firm's expansion and service diversification, including the integration of Kahn, Hoffman & Hochman, LLP in 2011.

Competitor Profile

Market Insights and Dynamics

The accounting and consulting industry is characterized by a competitive landscape with numerous firms offering a range of services. RSSM competes with both large national firms and specialized boutique firms, striving to differentiate itself through personalized service and a broad spectrum of offerings.

Competitor Analysis

Key competitors include:

Citrin Cooperman: A large accounting and consulting firm with a diverse service portfolio.

WeiserMazars: An international firm offering a wide range of services, including audit, tax, and advisory.

Grassi & Co.: A firm that merged with The Hochman Practice Group, formerly part of RSSM, in 2014.

Strategic Collaborations and Partnerships

RSSM's membership in MSI Global Alliance allows it to collaborate with independent legal and accounting firms worldwide, enhancing its service capabilities and global reach.

Operational Insights

RSSM's strategic focus on personalized service, comprehensive service offerings, and efficient operations positions it to effectively compete in the dynamic accounting and consulting market.

Strategic Opportunities and Future Directions

RSSM continues to explore opportunities for growth through strategic mergers and acquisitions, service diversification, and technological innovation. The firm's commitment to quality service and client satisfaction remains central to its strategic roadmap.