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Moss Adams Committed to Serving Financial Services
Seattle, Wash. (Sept. 14, 2007)—With the news that Moss Adams principal Mark Tibergien is leaving to become CEO of Pershing Advisory Solutions in Jersey City, New Jersey, Moss Adams has been contacting its existing clients to reassure them that the firm will remain in the business valuation, business consulting, benchmarking and financial services industry practices. “Mark did a good job of expanding and planning for continuity of key business areas,” said Rick Anderson, chairman of Moss Adams. “We expect to continue in each business area because of the strong team that remains at the firm.”
Rebecca Pomering, who co-authored the book with Mark Tibergien, “Practice Made Perfect,” which was published by Bloomberg Press in 2005, will now lead the business consulting group. “Rebecca has emerged as a very strong leader in both consulting and in the firm,” said Anderson. This was a natural transition. She will be supported in this leadership by two other partners, Philip Palaveev and Cathy Gibson.
Palaveev and others will continue to drive the industry research and benchmarking studies of broker-dealers, financial advisors and wealth managers each year. The last two years, these studies have elicited record participation. “The special insight that our consulting team has gleaned from these studies since 1994 has materially enhanced the approach we take to helping advisors and broker-dealers develop strategies, build out compensation plans, structure their organizations and plan for ownership and management succession,” said Anderson.
Owen Dahl, who co-authored the book with Tibergien entitled “How to Value, Buy or Sell A Financial Advisory Practice,” will continue to focus on valuation of financial advisory businesses along with other professionals in the group, while Moss Adams Capital, the investment banking arm of Moss Adams that has also developed a specialty in mergers and acquisitions of financial advisory businesses under the direction of Jet Wales, will continue in that area of practice.
Scott Urquhart, CPA, will continue to be at the forefront of more traditional services for the financial services industry group. “We have a strong and growing tax and audit practice specializing in broker-dealers, hedge funds and RIAs, and Scott has led this charge and will be in a position to integrate all of the practice disciplines within Moss Adams to serve this industry very effectively,” said Anderson.
Tibergien officially leaves Moss Adams effective Sept. 30. “This is an exciting opportunity and we wish him the best,” said Anderson. “But we’re equally excited about the team of people at Moss Adams who have committed to serving financial services and the skill, insight and wisdom they bring to their roles."
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Moss Adams LLP is the 11th largest accounting and consulting firm in the United States and the largest firm headquartered in the West. Moss Adams LLP has two affiliated companies, over 250 partners and 1,600 employees, and is focused on providing client service to public, private, and not-for-profit enterprises through specialized industry and service practice teams.
