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Lateral Partner Career Considerations & Deferred Compensation Trends

November 2016 ~

Dear Friends and Colleagues,

I hope this finds you well and a bit less stressed post 10/17 deadline and post "The Election".  I can't recall a more tumultuous election and am hopeful of a long term positive outcome. 
Thinking about the time of year and what's happening in the public accounting profession, I want to share the following observations.

A post regarding what CPA Partners Must Do If Considering a Change

Trends in Deferred Compensation

If you are considering a change, I want you to have all the tools and facts you need.

CPA Partners - Get the Facts First: The 8 things You Must Do If Considering A Change

If you're a partner in a CPA firm, you are now part of the "1%" in the accounting profession and have achieved the pinnacle of success. Like most CPA partners, you have probably made only 2-3 job changes in your career (maybe none), and have likely been where you are now 10+ years. You're fairly conservative and somewhat risk averse.  See more.

What Are The Trends In Deferred Compensation Packages?

Two key takeaways:

Deferred compensation is generally for equity partners only, though I see a movement of firms offering it now to non equity partners, but at a lower valuation formula.
The trend is toward a lowering of the compensation multiple, but there are some firms offering higher including up to 3 times the recent average compensation.

If you would like to discuss this or any other issues related to your practice or career, please don't hesitate to contact me. My direct line is (212) 490-9700. Or email me at rfligel@rf-resources.com.  Absolute confidentiality always assured.

Robert Fligel

Let’s Connect

For a no-obligation consultation with absolute confidentiality. Isn’t it time we talked?

212-490-9700

rfligel@rf-resources.com

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Recent Partner Moves

Here is a sample of our recent partner searches. Average new compensation was around $400k

  • Tax and Audit SuccessorNYC

  • Business ManagementNYC

  • Tax - Large Local FirmNYC

More