Financial Services
Hedge Funds
Our financial services team provides a complete range of tax, audit, and management consulting services for hedge funds. We have the working knowledge and technical resources to ensure that the information communicated to investors is meaningful, accurate, and timely.
Our extensive experience in the financial services industry has given us a thorough understanding of the specific needs of fund managers.
Start-Up and Organizational Structure
At the inception of the hedge fund, we work with the fund managers and their counsel to assist in the formation of the partnership agreement and private placement memorandum.
Outsourced Accounting Solutions
Most partnerships, especially at inception, do not have their own internal accounting staff. While the information generated by the clearing broker is more than sufficient for the fund manager to know positions and performance, it does not provide the accounting records required for the annual audit and preparation of the partnership’s income tax returns. We can provide direction regarding the accounting records needed to facilitate an audit and the partnership’s income tax returns.
Tax Services
Our professionals are highly trained and experienced in securities taxation and the complex issues related to income taxes. We provide:
- Responsive tax planning regarding securities tax transactions to ensure optimum tax benefit
- Timeliness in furnishing annual Schedule K-1s to partners
- Preparation of federal, state and local partnership income tax returns
- Representation before the Internal Revenue Service and any other tax agency, if required
Assurance Services
Our accounting and auditing professionals know and understand the securities industry, keep abreast of leading industry trends and issues, and are able to offer specialized information and ideas that make a difference to your fund. We provide:
- Advice about operational techniques
- Year-end audit of fund financial statements in accordance with accounting principles generally accepted in the United States
- Review of partnership agreement and test of partner allocations as part of the year-end audit
Management Fee Verification
To facilitate the payment of management fees on a monthly basis, and performance fees on a quarterly or annual basis to the general partner, we perform an agreed-upon procedures engagement that allows us to submit a verification report to the fund broker authorizing the fee payments. We understand the importance of performing these services on a timely basis and at a reasonable fee.
Financial Services Contacts
For All Regions
Consulting Services
Philip Palaveev
Rebecca Pomering
800-243-4936
Audit and Tax Services
Scott Urquhart
206-302-6355
Greg Jordshaugen
206-302-6325
Jeff Maxwell
206-302-6322
