Industries

Financial Services

Putting our expertise to work with solid advice and timely counsel.

Accounting FOR MORE.

Fully invested in serving your needs

Financial services firms have unique accounting and planning needs. We bring decades of expertise to every engagement.

  • Hedge Fund Financial Statement Audits

  • Broker-Dealer Audits

  • Hedge Fund and Broker-Dealer Accounting Assistance/Consulting

  • Fund Structuring

  • Income Tax Planning and Compliance

  • Analysis and Filings for Foreign-Owned Assets

  • Investor Income Allocations

  • Carried Interest Structuring and Allocations

  • Multi-State Analysis and Filing

  • Surprise Custody Examinations

  • Agreed-Upon Procedures to Investment Advisors and Hedge Fund Managers

  • Hedge Fund Financial Statement Preparation

Success Stories

The Problem

Meadows Urquhart was engaged by a new start-up international fund that needed to establish efficient and compliant operational workflows. The challenge was to develop streamlined processes that spanned from trade order management to back-office operations, including compliance documentation, ensuring the fund’s operations were fully functional and aligned with regulatory requirements.

The Solution

Meadows Urquhart developed comprehensive operational workflows and documentation for the client, covering every aspect of the fund’s needs. This included trade order management systems, back-office operations workflows, and compliance documentation processes. By establishing these key operational components, the fund was able to launch smoothly and operate efficiently while maintaining regulatory compliance.

The Problem

Meadows Urquhart worked with a client who needed assistance navigating the complexities of liquidation basis accounting as they were in the process of closing their doors. This accounting method is highly unusual, and the client required significant guidance, especially since key personnel with audit experience were no longer with the organization.

 

The Solution

Meadows Urquhart provided comprehensive support, including researching the relevant requirements, educating the client, and guiding them step-by-step through the process. They also participated in meetings with other CPAs and lawyers, offering expert advice on the proper accounting for specific transactions and balances. As a result, Meadows Urquhart helped the client issue accurate financial statements in a timely manner, which were crucial for distribution to potential donors.

Financial Services Team

Doug Urquhart, <span>CPA</span>

Doug Urquhart, CPA

Partner

Doug has a talent for correlating business data and identifying patterns that others overlook. He believes that business owners know better how to solve their problems than anyone else. In addition to his work with entrepreneurs and high-net-worth individuals, Doug is sought after for his expertise in hedge fund structure and development. He provides an informed and independent perspective on what hedge funds need to build and burnish a trustworthy reputation.

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Mike Edwards, <span>CPA</span>

Mike Edwards, CPA

Partner

Mike brings over 20 years of experience providing audit and assurance services across industries, with a focus on financial services, real estate, and government compliance. He has managed hundreds of engagements, from traditional audits to Sarbanes-Oxley internal control consulting, for both public and private entities.

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Julia Taylor, <span>CPA</span>

Julia Taylor, CPA

Manager

Julia, a Tax Manager with 22 years of experience, advises businesses in the financial services and alternative investment management industries, specializing in complex taxation issues for partnerships, including M&A activities and income characterization, helping clients mitigate potential problems early on.

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Ridge Motley, <span>CPA</span>

Ridge Motley, CPA

Manager

Ridge specializes in investment management tax, assisting clients with complex issues such as special allocations, foreign reporting and compliance, incentives and waterfalls, organizational structuring, and partnership taxation. Ridge’s favorite part of the investment management industry is the opportunities it provides for problem solving. He enjoys working directly with clients to provide the best possible solution to meet their needs.

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