Topics Mid-Sized Accounting Firms Acquisition of TBS by RSM McGladrey Chicago.

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Presentation transcript:

Topics Mid-Sized Accounting Firms Acquisition of TBS by RSM McGladrey Chicago

A Clarification About Our Affiliated Practice Unit Altschuler, Melvoin and Glasser LLP (“AM&G”), a partnership of Certified Public Accountants, is a separate, independently-owned, independently-operated entity. AM&G serves as the vehicle through which staff acquire CPA experience and meet the requirements for CPA licensure. AM&G has a leasing arrangement with American Express Tax and Business Services Inc. to provide staff to conduct audit and other attest services.

Strategic Positions us as the leading provider of tax, accounting and business services to mid-sized organizations Pass the $1 billion threshold – join the ranks of top 5 U.S. accounting firms Create significant critical mass in key U.S. markets The combined company will have more than 7,000 professionals Enhances competitive positioning – broader and deeper depth of services Acquire a client base into which to sell complete services portfolio Why merge? RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner- owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

Why merge? Tactical Very close client demographic alignment between the two organizations Complimentary vertical and functional expertise Positive impact on buying participation and win rates Employee retention and recruitment tool Positive internal motivator RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner- owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

Deloitte & Touche USA28.4% PricewaterhouseCoopers12.6% Combined RSM / TBS12.3% Ernst & Young12.2% KPMG9.7% Crowe Chizek4.8% Grant Thornton3.0% BDO Seidman1.8% Blackman Kallick Bartelstein LLP 1.8% FGMK, LLC1.5% Chicago (est. market $2.8 b) Source: Crain's Chicago Business Firm Market Share

The Unique Alternative The capabilities, technical expertise, resources and services of a national accounting and consulting firm. The special features (personalized, individual attention and “open door” environment) normally associated with regional firms.

Top Reasons to Consider Chicago Lake Michigan Terrific Restaurants Sports (Cubs, Sox, Bulls, Bears, Hawks, Wolves, Fire) World-Class Theatre Music & Entertainment Amazing Museums Great Public Transportation Two Major Airports Top-Notch Shopping Lots of IU alumni

... Cubs Pitching! WoodPrior Zambrano

New Hire and Recruiting Events Golf / Bowling with SASCubs Rooftop / Cooking Class