Citrin Cooperman
Client Portal Login
Connect With Us:  
text size text decrease text increase

Financial Services Industry

The financial markets are fast-paced and constantly evolving. They’re also facing increasing regulatory scrutiny.

Financial service firms need clear advice from their accountants and business consultants to navigate new regulatory requirements and meet their tax obligations. Our longstanding clients include broker/dealers, hedge funds, private equity funds, investment partnerships, and registered investment advisors. We help set up business structures for our clients in the financial services industry. We also consult with RIAs on regulations, reporting, and tax treatments.

We have two core Financial Services offerings:

In order to better serve our clients, we are also licensed to transact business as approved auditors in the Cayman Islands under the name Citrin Cooperman (Cayman). This license enables us to audit offshore hedge funds, mutual funds, Registered Investment Advisors, and other similar entities that are established in the Cayman Island jurisdiction.

Citrin Cooperman’s financial services professionals combine decades of technical expertise with the kind of personal attention that makes the difference.

Citrin Cooperman provides audit, tax and advisory services to hedge funds. Our financial services group has over 20 years of experience serving domestic and offshore hedge funds, fund-of-funds, and private equity funds and commodity pools. Our diverse client base includes both start-ups and large institutional funds. more

Citrin Cooperman’s dedicated broker-dealer practice is at the forefront of regulatory changes and compliance updates. We currently provide services to more than 40 broker-dealers, ranging in scope from single-office to global clients. more

We offer a comprehensive suite of services for those in the financial services industry including:

Assurance Services

  • Audits, reviews, and compilations
  • Internal audit outsourcing
  • Business structuring
  • Compensation and fee structure agreements
  • Preparation of annual statements
  • Fund of Funds audits
  • Surprise custody examinations
  • Performance examination reports

Tax Services

  • Tax compliance, projections, and reporting
  • Punctual annual K-1 delivery to partners
  • Innovative securities transaction tax planning
  • Federal, state, regional, and international tax consulting
  • State and local tax planning and nexus reviews
  • Estate, gift tax, and charitable contributions planning
  • Preparation of partnership economic and tax allocations
  • Representation before federal, state, and local tax authorities
  • Cross-border transactional planning
  • Transfer pricing studies
  • Tax equalization programs for international executives transferred to the U.S.
  • FATCA implementation assistance

Management Advisory Services

  • Management fee and incentive allocation structure
  • Cost allocation studies
  • Dodd Frank Wall Street Reform and Consumer Protection Act Implementation
  • Accounting and bookkeeping assistance for management company services
  • Investor eligibility
  • Organizational structure set-up
  • Management company operating cash requirements
  • Management company staff requirements
  • Valuation of privately held investments

A Specialization in International Banking

We provide tax compliance and consulting services to U.S. branches of international banks as well as U.S. subsidiaries and their affiliates. We’re immersed in the financial services arena and follow the markets closely, so our advice is timely.
Service Overview