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| Additional information |
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| Frankel Loughran Starr and Vallone LLP (FLSV) |
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Overview:
FLSV is a full service tax and accounting practice. FLSV provides a wide range of tax planning & compliance services, transactional & advisory services and full outsourced bookkeeping & accounting services. FLSV provides these services to clients in many industries with a focus on Private Equity and Investment Partnerships, Hedge Funds, Real Estate and Entrepreneurial Businesses.
FLSV (FAS) is a full-service, private equity fund administrator serving private equity, venture capital, real estate, distressed debt, infrastructure and fund-of-funds fund managers. FLSV (FAS) is SSAE 16 certified and provides end-to-end accounting, tax, operations and investor services with transparent reporting for clients and their limited partners.
FLSV provides a full range of services to high net worth individuals including income tax planning, tax return preparation and personal finances. Our Family Office group provides clients with individualized financial and estate planning strategies. Our client base includes many Wall Street, Hedge Fund and Private Equity executives, as well as entrepreneurs and owners of closely held businesses. |
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History:
Frankel Loughran Starr and Vallone LLP (FLSV) was founded in 1995 by a forward thinking group of four senior executives from both Morgan Stanley and Ernst & Young. Today, with over one hundred professionals and three offices, FLSV is a leading advisory firm for high net worth individuals, businesses and entrepreneurs looking for sound accounting, tax and advisory solutions. Our firm growth has been organic through client relationships and referrals which is a true testament to the quality of service and commitment to excellence that is maintained by all FLSV professionals. Our leadership prides itself on delivering the experience, expertise and sophistication of a large advisory firm with the entrepreneurial spirit and personalized service of a specialty boutique practice.
The firm’s clientele are comprised of entrepreneurial businesses and individuals serving a wide variety of industries as well as leaders and innovators in the fields of investment banking, asset management, private equity, venture capital, real estate and hedge funds. Like our clients, we at FLSV, are driven executives who possess the entrepreneurial commitment and intensity that is required in building a successful business and managing the various needs specific to high net-worth individuals and their families. Our top priority is providing exceptional client service and assisting in our client’s continued success through leveraging our industry experience and firm wide technical knowledge.
The FLSV story began in 1995 when Morgan Stanley decided to outsource the tax and advisory services for its Managing Directors that had previously been handled in-house by a team of tax and accounting professionals. Seth Starr was the Director of the Morgan Stanley Individual Tax Group and had been in charge of the team providing these services. Darcy Loughran was a Senior Manager in this group and worked closely with Seth in managing this team and servicing individual Managing Director relationships. Darcy approached Seth with an idea of forming a business to mirror the services that they had been providing to the senior executives for nearly a decade. The Morgan Stanley executive team fully embraced this business proposal and assisted Seth and Darcy in creating a full service boutique practice. The loyalty of our initial clients was overwhelming. Seth and Darcy, fully aware of the business opportunity in front of them, recognized that they would also have to provide specialized business tax and transactional services in order to meet the needs of their clients.
It was at this point that Seth reached out to his close colleagues Alan Frankel and Charles Vallone, who were executives in the Entrepreneurial Services Tax Group of Ernst & Young LLP. Alan and Charles specialized in providing tax and advisory services to middle market companies, investment partnerships, closely-held businesses and their owners. After a few meetings to discuss the opportunity before them, it was quite apparent that all four principals possessed an entrepreneurial spirit that was grounded in the foundation of client service and integrity. In October 1995 these four principals founded and launched FLSV. Shortly thereafter, Patty Bo, a tax manager at Morgan Stanley joined the FLSV team.
It was clear from the outset that FLSV filled a needed service niche in the market place – a full service boutique practice that would combine large firm experience and technical depth with high touch, high quality specialized services to the middle market and investment communities. Our practice continues to thrive, solidly grounded in our core belief that client service, attention to detail and solid integrity are key to satisfied clients. We grew along with our clients and kept focused on addressing the growing needs of our client base. As an entrepreneurial firm, we were able to quickly mobilize and develop additional specialized service offerings for our clients. Some of these offerings led to the build-out of full service divisions within FLSV.
FLSV is always monitoring the needs of its clients as well as related developments and opportunities in the marketplace. In 2009, FLSV launched FLSV Fund Administration Services, LLC to provide full service fund administration services to investment partnerships. FLSV brought in Jeffrey Hahn, former CFO of Morgan Stanley’s private equity, venture capital, infrastructure and legacy real estate businesses as its leader. With Jeff’s arrival came several other Morgan Stanley professionals to support the business and provide for future growth.
FLSV has become a leading advisory firm through a commitment to client service, the entrepreneurial spirit that runs through our professional staff and our passion to assist our clients with their continued success and development. We feel extremely privileged to work with our clients and realize that our success is directly related to the success and growth of the clients we serve. We at FLSV understand the importance of building a longstanding and valued relationship with our clients and remain committed to upholding the values on which our firm was founded. |
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