RSM Sells Wealth Management Division to Private Equity Firm - Inside Public Accounting (2024)

FAQs

Who bought RSM Wealth Management? ›

Private equity firm Parthenon Capital is acquiring RSM US Wealth Management LLC, the wealth management arm of Chicago-based IPA 100 firm RSM US LLP (FY21 net revenue of $2.9 billion).

The team at RSM can help you plan for all eventualities in your and your family's finances. As succession planning, tax and compliance requirements become more complex, our dedicated advisers can help protect your family's wealth.

CHICAGO – (August 1, 2024) – RSM US LLP (“RSM”) – the leading provider of assurance, tax and consulting services for the middle market – was recently ranked No. 5 by INSIDE Public Accounting (IPA) on the publication's 2024 IPA Top 500 Firms list, making the IPA Top 100.

CHICAGO – (January 4, 2022) – RSM US LLP (“RSM”), the nation's leading provider of audit, tax and consulting services focused on the middle market, and Parthenon Capital (“Parthenon”), a leading growth-oriented private equity firm, today announced they have entered into an agreement for Parthenon to acquire RSM US ...

With the acquisition, RSM Finland will continue its operations as part of BDO. RSM Finland, which specialises in auditing and financial advisory services for demanding special situations, has a turnover of approximately EUR 3.3 million.

RSM reviews FAQs

Is RSM a good company to work for? RSM has an overall rating of 4.0 out of 5, based on over 7,416 reviews left anonymously by employees. 74% of employees would recommend working at RSM to a friend and 71% have a positive outlook for the business. This rating has decreased by 2% over the last 12 months.

Base salaries often fall between $75,000 and $150,000 for wealth managers, with total comp potential over $300,000. The largest, most prestigious RIAs may pay lead advisors over $500,000.

How much does a Rsm Consulting make in New York City, New York? As of Sep 6, 2024, the average annual pay for a Rsm Consulting in New York City is $111,160 a year. Just in case you need a simple salary calculator, that works out to be approximately $53.44 an hour. This is the equivalent of $2,137/week or $9,263/month.

The highest-paying job at RSM India is a Director with a salary of ₹54.5 Lakhs per year. The top 10% of employees earn more than ₹16.38 lakhs per year. The top 1% earn more than a whopping ₹45 lakhs per year.

Is RSM better than KPMG? ›

RSM scored higher in 6 areas: Overall rating, Culture and values, Work-life balance, Senior management, Compensation and benefits and Positive Business Outlook. Both tied in 1 area: Diversity and inclusion.

In the Accounting And Tax Services market, PwC has a 57.83% market share in comparison to RSM's 0.25%. Since it has a better market share coverage, PwC holds the 1st spot in 6sense's Market Share Ranking Index for the Accounting And Tax Services category, while RSM holds the 12th spot.

The Big 4 includes Deloitte, PwC, Ernst&Young, and KPMG. Next to them are BDO, RSM, Grant Thornton, and Crowe.

RSM in India

Indian member of RSM International, the 6th largest global assurance, tax and consulting network with annual global revenues of US$ 9.4 billion across 120 countries. Pan India presence through offices in 12 key cities viz.

It employs more than 16,800 professionals across 81 cities nationwide and in Canada. RSM US also maintains offices in India and El Salvador.

On October 26, 2015, McGladrey LLP changed its name to RSM US LLP as part of a worldwide rebranding of RSM International members.

History. RSM International was founded in 1964 as a small network called DRM (Dunwoody, Robson Rhodes, and McGladrey & Pullen). The organisation restructured in 1993, changing its name to RSM International. The word International was dropped in 2015.

About Brian

Brian Becker is managing partner & CEO for RSM US LLP. He oversees the firm's strategy and operations across four countries—the United States, Canada, El Salvador and India.

On 1 June 2024, Ernest “E.J.” Nedder became Chief Executive Officer of RSM International having been a Partner and Chief Strategy Officer for RSM's US Firm, where he led the development, communication, execution and sustainability of the US enterprise strategy.