Cohen & Company, a top tax and accounting firm in Cleveland with a globally recognized investment industry services business, has purchased BBD’s investment management group in Philadelphia. BBD-IMG is a national leader in audit and tax services for registered and unregistered investment businesses. The transaction was completed on March 6.
According to a news release, this acquisition would strengthen Cohen & Company’s position as a leading provider of assurance and tax services to the investment industry by fostering improved efficiency and offering additional expertise, depth of services, and technology across the firm.
According to the statement, Cohen & Company will be the second-largest exchange-traded fund auditor and the fourth-largest registered funds auditor in the United States by number of funds.
The group will have 300 members and will enhance Cohen & Company’s presence in the Philadelphia region.
As part of the arrangement, more than 40 audit and tax specialists joined Cohen & Company.
It’s critical to be proactive in this dynamic environment, Kaiser stated in the release. The opportunity to collaborate with a firm that shares so many of our values, goals, and future vision is compelling.
We are certain that the combined strength of our teams will provide meaningful possibilities for current employees while also ensuring that our clients continue to receive the high quality of service that they have come to expect from both organizations.
