October 25, 2014
Kaufman Rossin Group is counting on its employees

Photo:

Although co-founder James Kaufman (standing) remains CEO, Blain Heckman took over day-to-day operations last October, when the firm implemented a succession plan that includes mandatory retirement at age 65 for partners.

« Return to Florida's Best Companies To Work For 2013

Kaufman Rossin Group is counting on its employees

Accounting firm Kaufman Rossin Group’s move into fund administration happened almost serendipitously.

Eighteen years ago, a client in Latin America asked the firm to take over the back-office administration of his hedge fund. “We knew a little about it because we knew a little about the hedge fund,” says James Kaufman, co-founder and CEO of the firm. “One thing led to another.” It wasn’t even until two years later than the firm hired its first employee dedicated to fund management. Now more than 100 employees in six offices from Boston to San Francisco manage hedge funds, private equity funds and broker-dealers.

Fund admisitration is hardly the largest part of Kaufman Rossin’s business, but it’s a unique offering from the  firm, which in 2012 had more than $53 million in revenue. It expanded into that field in much the same way as it has expanded into areas such as forensic and litigation services, estate-planning and high-net worth services and bank compliance: An existing client asked for assistance, the firm later hired a leader in that specialty, and a new practice area took off. That was especially true during the recession that began in 2008. Faced with 250 employees and slowing business, the firm was “forced to start thinking about offering new service lines,” Kaufman says. Between 2008 and 2013, it grew from 250 employees to 375.

Demand for accounting and related services is high these days, and competition for business is stiff. “We keep our edge by being very service-oriented and having a very stable core group of personnel who’ve been with us for many years,” Kaufman says. “Accounting is about people. This is a people business, and we figured it out a long time ago.” Half of the firm’s employees have been with it more than five years.

Tags: Miami-Dade, Banking & Finance, Business Services, Best Companies

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Fabien Cousteau
Fabien Cousteau

This summer, Fabien Cousteau lived for 31 days aboard the Aquarius, an underwater research laboratory nine miles off the coast of Florida.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How much do you get into Halloween?

  • I'm into it - parties, decorating, theme parks, whatever I can fit in
  • I just participate for the kids
  • Boo - I keep the lights off to avoid trick-or-treaters

See Results

Ballot Box
Subscribe