FML

What FML does

FML (Fiondella, Milone & LaSaracina LLP), doing business as FML CPAs, is a regional accounting and advisory firm headquartered in Glastonbury, Connecticut, founded in 2002. The firm operates a single integrated practice organized around five core service lines — Assurance and Advisory (audit, review, compilation, IT audit, SOC reporting, employee benefit plan audits, fraud/forensic accounting), Business Consulting (SOX, IPO consulting, staff augmentation, grant accounting), Outsourced Finance & Accounting, Tax Services (corporate, international, state, R&D credits, provision preparation), and Transaction Services (M&A due diligence, quality of earnings). It serves a diversified client base spanning manufacturing and distribution, life sciences and medical devices, technology and emerging companies, construction, retail, nonprofits, PE-backed companies, and VC/angel investors, with case-study logos including Brooks Brothers, Junior Achievement of Southwest New England, VeruTek Technologies, Hoppe Technologies, Valet Waste, and eWayDirect.

The firm employs over 120 professionals (including 19+ partners) across five Connecticut offices — Glastonbury (HQ), Stamford, New Haven, Avon, and Enfield — and combines regional depth with cross-trained expertise from Big 4 alumni (PwC, Deloitte) and corporate controller backgrounds. Pricing is fee-based on engagement scope and is not publicly disclosed; technology stack is conventional professional-services tooling augmented by a third-party payment portal (Aiwyn) for client billing. The firm pursues relationship-led go-to-market, supported by thought-leadership content in outlets such as the Hartford Business Journal, gold-sponsorship of the Connecticut Innovation Summit, and partner-level involvement in regional business organizations.

FML generates revenue through professional-services fees across audit, tax compliance and planning, business consulting, and transaction advisory mandates, with the January 2023 merger with Bregman & Company, PC (operating as a division of FML) marking its principal inorganic growth event. Ownership is the partnership of its founding members and subsequent partner promotions (Jeff Fiondella, Frank Milone, Lisa Willauer are founders); no private equity or venture capital ownership is indicated.

Name

FML

Legal name

Fiondella, Milone & LaSaracina LLP

Website

https://fmlcpas.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

FML (Fiondella, Milone & LaSaracina LLP) is a regional Connecticut-based CPA firm offering audit, tax, advisory, outsourced accounting, and transaction services to manufacturers, life sciences companies, technology firms, PE/VC-backed entities, nonprofits, and closely-held businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Glastonbury

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Assurance and Advisory Services: Audit, review, and compilation services; internal audit; SOC reports; employee benefit plan audits; fraud and forensic accounting
2. Tax Services: Tax preparation, planning, and compliance for businesses and individuals; state and local tax; international tax; R&D tax credits; tax provision preparation
3. Business Consulting Services: Business consulting, transaction services, M&A advisory, IPO consulting, Sarbanes-Oxley services, financial expert staffing
4. Outsourced Finance & Accounting: Outsourced accounting services for businesses

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

FML (Fiondella, Milone & LaSaracina LLP) is a Connecticut-based CPA and advisory firm that provides assurance and audit services, business tax planning and compliance, transaction advisory (M&A due diligence and quality of earnings), business consulting (SOX, IPO readiness, staff augmentation), and outsourced finance and accounting. The firm serves privately held and publicly traded businesses, nonprofit organizations, high-net-worth individuals, and PE/VC-backed companies across multiple industries.

Product overview

FML is a regional accounting and advisory firm offering a unified portfolio of professional services organized around five core offerings: Assurance and Advisory Services (audit, review, compilation, IT auditing, SOC reporting, employee benefit plan audits, fraud/forensic accounting), Business Consulting Services (tax planning, SOX compliance, IPO consulting, staff augmentation), Outsourced Finance & Accounting, Tax Services for Businesses (corporate tax, international tax, state tax, R&D credits), and Transaction Services (M&A due diligence, quality of earnings). Additional specialized services target specific industries (manufacturing, life sciences, technology, construction, retail, nonprofits) and ownership structures (closely-held, PE-backed, VC-backed, publicly traded). The firm operates as a single integrated practice rather than a platform-plus-modules architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance and Advisory Services
• Business Consulting Services
• Outsourced Finance & Accounting
• Tax Services for Businesses
• Transaction Services
• Tax Services for Business Owners & Individuals

Named customers6 records

Segments11 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Bregman & Company, PCcoreStrategic or Co-development Partner · 1 January 2023Bregman & Company, PC merged with FML in January 2023 and began operating as a division of FML. The merger increased FML's staff to over 120 professionals and expanded service capacity in Connecticut.
• Connecticut Technology CouncilminorGTM or Marketing Partner · 1 September 2016FML served as a Gold Sponsor of the Connecticut Innovation Summit, the signature event of the Connecticut Technology Council, honoring and supporting Connecticut technology companies.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sax LLP: Mid-market advisory firm based in the Northeast offering accounting, tax, advisory, and wealth management services to closely-held and growth-stage businesses — a direct comparable for FML's service portfolio and client profile.
• Citrin Cooperman: Mid-sized regional advisory firm offering accounting, tax, and business consulting services to closely-held, middle-market, and emerging-technology clients across the Northeast US, comparable in size, service mix, and target segments.
• Whitley Penn LLP: Mid-market CPA and advisory firm serving closely-held and private-equity-backed companies across multiple industries; comparable in scale, M&A advisory capabilities, and client-segment breadth.
• WithumSmith+Brown, PC: Top-30 U.S. accounting and advisory firm serving closely-held and emerging-technology businesses with strong Northeast presence; comparable to FML in tech/nonprofit practice areas.
• CohnReznick LLP: Top-25 U.S. advisory firm serving middle-market, real estate, nonprofit, and emerging-technology clients with audit, tax, and transaction advisory — directly overlapping FML's industry verticals and Northeast footprint.
• PKF O'Connor Davies: Northeast-based accounting and advisory firm providing audit, tax, and consulting to closely-held businesses, nonprofits, and emerging companies; similar scale and industry mix to FML.
• Anchin, Block & Anchin LLP: New York-based regional accounting firm serving closely-held businesses, real estate, nonprofit, and professional services clients with audit, tax, and advisory services comparable to FML's mid-market focus.
• Marcum LLP: Top-15 U.S. accounting and advisory firm providing audit, tax, technology, and advisory services to middle-market companies, with strong presence in the Northeast and similar industry specialization as FML.

Broad incumbents

• RSM US LLP: Largest U.S. mid-market accounting and advisory firm with deep audit, tax, and consulting services for middle-market and PE-backed companies — represents the next-tier competitor targeting FML's client base as companies scale.
• BDO USA: Top-10 global accounting network with significant U.S. middle-market practice, competing for the same PE-backed and emerging-growth audit and tax engagements that FML pursues.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fmlcpas
• LinkedInlinkedin.com/company/fml-cpas-fiondella-milone-lasaracina

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FML