Harriet Davies
Editor - Family Wealth Report
9 August 2012
Daily News Analysis
Rothstein Kass has acquired a 16-person team in the shape of Boston-based JDJ Resources Corporation, which will be incorporated into the firm’s family office group.
JDJ’s three partners, Doreen Biebusch, James Kittler and Steven Sarcione, come to Rothstein Kass as directors.
As well as Boston, Rothstein Kass is now looking to grow in Beverly Hills, Dallas, Denver, New York and San Francisco – areas it sees as holding big potential for family offices. The firm is focused on project and lifestyle management, accounting, tax planning, reporting and specialized consulting services for single and multi-family offices.
“The family office space is experiencing significant growth and there is a real demand for firms that can deliver a depth of expertise and services across the financial, wealth planning and project management spectrum,” said Steven Kass, co-chief executive and co-managing principal of Rothstein Kass.
Earlier this year, the firm conducted a survey which found there was significant interest among financial advisors in offering family office services, as there is perceived to be significant demand for them.
“Demand continues to surge, driven by increased awareness among wealthy families of the advantages that an integrated wealth management approach provides,” said Rick Flynn, principal and head of the Rothstein Kass family office group, on the survey.
The firm was founded in 1959 as an accounting firm, and has since expanded its offering to professional services and business consulting for private and public companies and wealthy individuals. It has offices in New York, California, New Jersey, Colorado and Texas.
