• 1950 Abbott Street • Suite 600 • Charlotte, NC 28203
  • (704) 927-7000

News

October 17, 2018

Local Accounting Firm to Merge with Moss Adams

Albuquerque Business First
Ron Davis

Two of the top 10 accounting firms in New Mexico are set to merge in the coming weeks.

Seattle-based Moss Adams LLP, a major accounting, consulting and wealth management firm, is set to combine with Albuquerque-based Broderick, Phillippi, Wright & Card on Nov. 1, the firms each confirmed in phone interviews Tuesday. They will operate under the umbrella of Moss Adams. Terms of the deal were not disclosed.

As a result of the merger, 21 BPW&C employees will join Moss Adams' Albuquerque office, located in Two Park Square at 6565 Americas Parkway in Albuquerque Uptown.

“The addition of BPW&C’s talented staff expands the technical depth and capabilities of our Albuquerque location, enabling us to more effectively help clients navigate challenges and seize new opportunities,” Steven Keene, partner in charge of Moss Adams' Albuquerque office, said in a statement. “As a firm, they have a sterling reputation locally and throughout our industry. We’re excited to welcome BPW&C to Moss Adams.”

In total, Moss Adams will have 90 employees following the merger, according to a news release. Moss Adams has 32 locations across the country and 2,900 total employees, according to its website. BPW&C offers tax and estate planning, business advisory and accounting services. The firm works with middle-market and family-owned businesses, according to a release.

“By combining with Moss Adams, we’ll gain access to significantly more resources and service offerings that will be a tremendous benefit for our current clients and staff,” Tom Broderick, managing principal of BPW&C, said in a statement. “In Moss Adams, we saw a firm that shared our ideals and emphasis on technical excellence and superior client service, which was an essential factor in our decision to combine. We’ll remain focused on providing personalized services to our clients throughout New Mexico.”

“Tom is a prominent and well respected member of the local business community, and his impressive national leadership experience will make him a great asset both to Moss Adams and to our clients,” Keene added.

BPW&C principal Eric Herrera will open a new firm with five of his former co-workers, which will specialize in consulting and client accounting services, Broderick said.

In New Mexico, the annual mean wage for accountants and auditors as of May 2017 was $66,970, compared to $69,350 nationally, according to the Bureau of Labor Statistics. In Albuquerque, the annual mean wage is $70,210.

Moss Adams ranks No. 2 on Business First's List of Largest New Mexico Accounting Firms, with 45 local CPAs, behind Albuquerque-based REDW. BPW&C ranked No. 10 with 15 CPAs.

« RETURN

Information on this website does not constitute an offer to sell securities or interest in the Allegiance portfolio. Any future offer will be made only by the delivery to each prospective investor of a private placement memorandum providing a detailed description of investment.