The United States economy has experienced a period of financial turmoil not seen since the Great Depression. Even with a slow recovery underway, investment partnerships continue to face challenges in raising capital, increases in due diligence requests, higher operational costs, litigation and pending accounting, regulatory or tax changes (i.e. carried interest legislation). The Dodd-Frank Wall Street Reform and Consumer Protection Act, changes to the SEC Custody Rules, and other financial reform regulations have changed the way investment partnerships operate by increasing compliance requirements, including more stringent requirements for funds registering with the SEC and in certain states.
BDO’s Financial Services practice has extensive experience providing audit, tax and consulting services with a focus on investment partnerships, broker dealers, and mutual funds. Our clients range in size from start-ups to large institutional funds with strategies utilizing long/short equity, bank debt, commodities, derivatives and alternative investments – and include domestic and offshore hedge funds, registered and non-registered investment advisors, fund-of-funds and commodity pools. Across all of these segments, BDO brings an in-depth understanding of the complexities of your industry and the implications for your business.
From access to capital and compliance with existing and future accounting and tax regulations, to transaction advisory services or litigation support, BDO’s Financial Services practice provides proactive guidance on existing and future accounting and tax regulations as well as other resources that provide value-added service to our clients. We’re committed to delivering the right team with relevant industry experience to help you stay ahead of the many issues and challenges you face in a highly competitive industry. And with a global network spanning more than 100 countries, including our established and respected Cayman practice, BDO offers a “one-stop-shop” for managers with offshore operations in the Caymans or wherever you do business.