Marks Paneth LLP is a premier accounting firm with origins dating back to 1907. With a team of nearly 700 professionals, the firm provides a full range of audit, accounting, tax and consulting services, with specialties in international tax, forensic accounting, litigation support, technology, family office and financial advisory services.
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New York is home to the highest concentration of billionaires in the world with 94, according to analyst GlobalData WealthInsight, drawn by the city’s rich lifestyle offering for families. It goes without saying that it’s also home to some of the top wealth management and private client professionals. Recent trends mean that the need to know the right advisors both sides of the pond is ever more important. Significantly, the US is not participating in common reporting standards (CRS), a standard for the automatic exchange of financial account information developed by the OECD, as a result advisors in the US report a growing number of clients moving assets out of Europe into the USA.