Marcum LLP Merges With California-Based Stonefield Josephson, Inc.

Latest Step in Firm's Ongoing National Expansion Strategy; Bi-Coastal Services Enhance Client Offerings and Resources

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Oct 04, 2010, 07:00 ET

NEW YORK and LOS ANGELES, Oct. 4 /PRNewswire/ -- Marcum LLP, one of the largest independent public accounting and advisory services firms in the nation, today announced that it has merged with Stonefield Josephson, Inc., a full-service, internationally recognized accounting firm, headquartered in Los Angeles, California. Effective with the merger, Stonefield Josephson, Inc. will change its name to MarcumStonefield. The merger marks Marcum's expansion to the West Coast and is a critical step in the firm's aggressive growth strategy in major markets throughout the nation.

"Marcum's merger with Stonefield Josephson, Inc. is a major step forward in our expansion strategy," said Jeffrey M. Weiner, Managing Partner of Marcum LLP. "Our focus on combining the resources, technical expertise and sophistication of a national firm with the personal attention and specialization of a boutique is what our clients have come to expect and appreciate from Marcum. With today's announcement, we're even better positioned to help companies succeed."

The merger brings together two highly respected accounting and advisory services firms, each with a deep history of leadership in their respective regions. Stonefield Josephson, Inc., founded in 1975 and one of Accounting Today's "2010 Top 100 Accounting Firms to Watch," is an industry leader serving both public- and privately-held U.S. and international clients from offices in Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Hong Kong.

Marcum LLP is one of the nation's top 15 accounting firms according to Inside Public Accounting and is recognized for the strength of its services in industry specific practices, SEC registrant services, alternative investment partnerships, family office services, bankruptcies and receiverships, as well as government and public sector services. The new firm will benefit from cultural and operational synergies resulting from the merger and is now better positioned geographically to serve multi-national clients.

"Joining with a firm of the size and prestige of Marcum is a tremendous win for our clients," said David Rice, President/CEO of Stonefield Josephson, Inc. "This will allow us to enhance the breadth and scope of services we provide while becoming part of a growing and innovative national firm."

Marcum's merger with Stonefield Josephson, Inc. marks the firm's fifth strategic merger in the past 29 months, expanding its presence throughout the Northeast, Florida and California. The firm reported that it will continue to seek deliberate growth opportunities aligned with its culture and commitment to client service that enables it to supplement and enhance the services it offers to clients.

The entire 150 members of the Stonefield Josephson, Inc. team will join Marcum. The combined Marcum firm now consists of more than 1,100 professionals including 150 partners in 21 locations in New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Florida, California, Hong Kong and Grand Cayman.

About Marcum LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked 15th among the "Top 100 Firms" by Inside Public Accounting, Marcum offers the resources of more than 1,100 professionals, including 150 partners, in 21 offices throughout New York, New Jersey, Connecticut, Pennsylvania, Florida, Massachusetts, California, Hong Kong and Grand Cayman. Marcum is a member of the Marcum Group, the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting, and wealth management. These organizations include Marcum LLP; MarcumRachlin, a division of Marcum LLP; MarcumStonefield, a division of Marcum LLP; Marcum Technology LLP; MarcumBuchanan Associates LLC; Marcum Search LLC and Marcum Financial Services LLC. For more about Marcum LLP, visit www.marcumllp.com.

About Stonefield Josephson, Inc.

Stonefield Josephson, Inc. (www.sjaccounting.com) is a California-based certified public accounting firm founded in 1975. The full-service firm services public- and privately-held clients throughout the United States and internationally from its offices in Los Angeles, Orange County, San Diego, San Francisco, San Jose, and Hong Kong.

SOURCE Marcum LLP