Director, Audit & Accounting
Investment Industry Group Leader
215.441.4600
tpeters@kmco.com
Audit and tax, GIPS compliance, and operational due diligence services
For Public and Private Investment Firms
Kreischer Miller provides a broad range of services to clients in the investment industry. Our professionals have deep industry knowledge and experience with many investment firms’ systems and controls, which they bring to each interaction with our clients.
Core Services
Compliance and consulting needs of investment firms
- Audits of investment managers, broker-dealers, and investment funds
- Consultation and testing of systems and procedures used by investment managers
- SEC custody examinations
- Compliance testing
- Tax return preparation and tax strategy development
- Consulting for internal technology employed by investment managers
- Executive search for investment manager personnel
- Consulting advice on how to present GIPS-compliant investment performance results
- Verification of investment managers’ systems and procedures for constructing investment composites and capturing investment performance of various composites
- Examination of an individual composite to confirm the GIPS compliance of the presentation of its performance results
- Review of advertisements for GIPS compliance
Operational due diligence
- Representing investors seeking to understand the potential operational and business risks resulting from using an investment manager
- Representing investment managers seeking assurance that proper internal controls are in place and risks are being managed effectively
Deep Industry Expertise
We have worked with investment firms across the United States and in Europe that manage a variety of assets classes utilizing various investment structures, including:
Asset Classes
- Equity (domestic and international, all capitalization levels)
- Traditional fixed income (corporate, government, domestic, international, high yield)
- Private equity
- Real estate
- REITS
- Structured credit
- Use of leverage and derivatives
Investment Structures
- Stand-alone portfolios – institutional and retail (including wrap / separately managed accounts)
- Investment funds
- Fund of funds
- Master/feeder structures
Most CPA firms have only a limited knowledge of the investment industry. Some are so large that they are unable to respond to the need for highly personalized service at a reasonable price. At Kreischer Miller, however, we are unique in our ability to meet the needs of investment industry firms. Our experienced directors and managers are heavily involved in responding to the service needs of our clients. Beyond the standard compliance services that are vital to our clients’ success, we offer additional specialty services for investment industry organizations, such as:
- Developing or refining systems needed to keep companies on track – from portfolio processing to accounting procedures
- Helping our clients maintain Global Investment Performance Standards (GIPS) compliance while presenting their performance in the best light possible
- Guiding our clients through regulatory changes
- Representing our clients’ positions effectively on critical tax issues before the Internal Revenue Service and other authorities to safeguard their interests while they continue doing what they do best
- Assisting entrepreneurs with starting investment firms and investment funds
- Aiding in the search, hiring, and retention processes for qualified investment professionals
Investment Industry Guidance
SEC Surprise Examinations and Other Custody Rule Concerns
