Financial Services

An Intelligent Investment

As regulatory scrutiny intensifies and risk becomes increasingly difficult to manage, financial services firms have larger challenges to face.  Anchin’s experts can provide the guidance needed to steer you down the right path. We advise our clients as they implement the latest investment strategies and utilize the most sophisticated financial vehicles providing the appropriate accounting and tax advice to meet their needs. Our services include ensuring full compliance in financial reporting, minimizing tax exposure, consulting on operations, regulatory registration, systems design, and technology solutions. It takes our team of experts who take the time to understand your firm’s tax and financial reporting needs to design strategic, growth oriented solutions.

Whether conditions are volatile or stable, bullish or bearish, nearly 300 hedge funds, mutual funds, broker/dealers and investment partnerships rely on Anchin. Whether they are looking for answers to questions concerning complicated issues, such as the structure of their fund offerings, allocation of realized and unrealized gains and losses, compensation of investment managers, tax treatment of contributed securities, or planning for the distribution of appreciated property and other withdrawals, Anchin is there to support them.

From small, entrepreneurial startups to established funds, Anchin provides high level, high touch service to financial services firms. We are the right sized firm for you – a mid-sized alternative to the Big 4, providing maximum value, senior level guidance and superior service.

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Services include:

  • Investment funds
  • Brokers/Dealers
  • Mutual funds and other registered funds
  • Back office services and special procedures
  • International taxation
  • Analytical reporting
  • Private equity
  • Outsourced accounting services
  • Anchin, Block & Anchin (Cayman) Ltd.

“I have worked with Jeff since I launched my hedge fund, Cramer Partners, in 1987. Back then few people knew what a hedge fund was – his understanding and experience with the investment world makes him and his firm an excellent choice for anyone considering starting a fund or mulling a change. Over these past 30 years, Jeff’s advice has been invaluable to me and my business ventures, the growth of my fund and the prosperity and peace of mind of my clients.”

-James J. Cramer, American television personality, former hedge fund manager, and best-selling author. Cramer is the host of CNBC's Mad Money and a co-founder of TheStreet.

Private equity firms of all sizes have continued to show a growing interest in middle market companies. An effective strategy in dealing with complex activities involved in the Mergers and Acquisitions (M&A) process is essential. With nearly 100 years of experience serving middle market companies, Anchin specializes in responding to the individual needs of private equity firms and portfolio companies. We know where the issues are and the importance of having a dedicated team by your side every step of the way. Our single-office firm allows for efficient access to all of our resources, enabling us to deliver consistently superior work to our clients in a timely manner. Our team of experienced professionals provides in-depth industry knowledge while recognizing that each transaction is unique.

The members of Anchin’s Private Equity Industry Group understand the complications involved in transitioning a newly acquired company to a professionally managed organization. Understanding your investment strategy and knowing your company and team members is one of our specialties. Our team has the pertinent skills and expertise to help you succeed.

Anchin’s Private Equity Industry Group’s expertise extends to many industries, including:

  • Food and beverage
  • Fashion
  • Technology
  • Public relations and advertising
  • Construction, architecture and engineering
  • Services, transportation and logistics
  • Consumer products
  • Manufacturing and distribution
  • Real estate
  • Financial services

Does your company qualify for Research and Development (R&D) tax credits? The financial services industry is an essential component of the U.S. economy, providing liquidity to companies and individuals, responsible for safeguarding and investing assets, and providing insurance allowing businesses to take on additional opportunities in the marketplace. Innovation has long been considered a cornerstone of growth for the industry, leading to new products and processes including new trading applications, new online and mobile banking functionality and automation of previously manual processes. In addition, most companies in the industry have begun to place a greater emphasis cyber security, given the rise in detected incidents.

Anchin’s professionals understand the important role the financial services industry plays in keeping the U.S. competitive in an increasingly global economy. Our industry experience, attention to detail and expert judgment result in accurate, highly defendable tax credit calculations. Our dedicated team includes audit, tax and advisory professionals with years of experience identifying issues and solving problems for every type of business within the financial service industry’s subsectors, including:

  • Banking and capital markets
  • Asset management
  • Insurance

Our financial services industry R&D team ensures that our clients benefit from all of the incentives available to them. Anchin helps clients assess their R&D tax credits at all phases of their business, from the time they first consider a new product, service or functionality (white space evaluation) and throughout the entire software lifecycle. We are particularly skilled and experienced at identifying qualifying projects and initiatives in each area of your business and are experts at examining and capturing all allowable expenses towards your company’s research credit.

Anchin works with clients interested in claiming the R&D tax credit for the first time and those who have difficulty meeting the contemporaneous documentation requirements needed to support their R&D claim. We also assist clients who have had a significant portion of their R&D claim disallowed, and those who need to reassess their R&D tax credit calculation because the nature of their business has changed.

To learn more about Federal and State Research and Development tax credits.

In compliance with the requirements of the Cayman Islands Monetary Authority (CIMA), Anchin established an affiliate in the Cayman Islands, Anchin, Block & Anchin (Cayman) Ltd., to provide audit services to funds registered in the Cayman Islands.

The launch of the affiliate recognizes the fact that the Cayman Islands have developed in recent years into one of the most popular jurisdictions for offshore funds. Anchin´s New York office works closely with our affiliate to ensure that the same quality service is provided to those clients requiring an offshore auditor.

Anchin Cayman has been approved as an auditor by CIMA, the Cayman Islands Monetary Authority, the financial regulatory agency of the Cayman Islands.

With the depth and breadth of services provided by Anchin´s Financial Services Practice, it is clear why Anchin has emerged as a leader in providing auditing, accounting and tax services to the financial services community. The practice currently serves more than 400 investment funds, funds-of-funds, mutual funds, broker/dealers and investment advisers.

  • More than 35 years of experience supporting the Financial Services community
  • Innovative approaches to complex issues
  • Customized client service
  • Efficient and cost-effective audits
  • Design and implementation of optimal tax positions
  • Valuable advisory assistance to management
  • Timely delivery and accessibility to partners
  • State-of-the-art software packages
  • Proprietary tax Schedule K-1
  • Third party administration
  • International expertise and reach

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