Frankel Loughran Starr & Vallone

What Frankel Loughran Starr & Vallone does

Frankel Loughran Starr & Vallone LLP (FLSV) is a privately held, full-service tax, accounting, and advisory firm organized as a New York limited liability partnership. Founded in 1995 by senior professionals from Ernst & Young and Morgan Stanley, the firm employs over 100 staff across three U.S. offices in Garden City, NY (headquarters), West Palm Beach, FL, and Seattle, WA. FLSV is structured around interconnected service lines covering business tax compliance and planning, accounting and attest, advisory (business start-up, succession, and wealth planning), and specialized fund consulting delivered through a wholly-owned affiliate, FLSV Fund Consulting Services, LLC. International cross-border mandates are supported through the firm's 2019 membership in the WTS Global tax practice network, providing access to tax professionals in more than 100 countries.

The firm's client base is concentrated in three primary segments: high-net-worth individuals and families (including multi-generational wealth, estate, and family office services), private equity and venture capital funds and their management companies, and asset managers including hedge funds and private credit vehicles. Secondary segments include real estate investors, sports/arts/media and entertainment clients, manufacturers and distributors, and non-profit organizations. Engagement delivery is partner-led, with most senior partners originating from EY, Morgan Stanley, Bear Stearns, PwC, and Goldman Sachs, and services are priced on a custom basis tied to scope and complexity. FLSV's GTM relies on direct partner-led relationships, professional conference participation, thought leadership via tax alerts and planning memos, campus recruiting, and brand recognition (Crain's Top 30 NY-area accounting firms, Newsday Top Workplace on Long Island).

FLSV's technology infrastructure centers on standard tax and accounting production tools, specifically SurePrep, CCH Axess Tax, and Workflow, supplemented by Google Analytics 4 for digital marketing measurement. There is no evidence of proprietary technology platforms, AI/ML capabilities, APIs, or mobile applications; the firm has no disclosed patents beyond its FLSV registered trademark. Revenue is generated through professional services fees across tax advisory and compliance, accounting and attest, advisory, and fund consulting streams.

Name

Frankel Loughran Starr & Vallone

Legal name

Frankel Loughran Starr & Vallone LLP

Website

https://flsv.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Frankel Loughran Starr & Vallone is a privately held tax, accounting, and advisory firm serving high-net-worth individuals, private equity and asset management funds, and select industry clients from offices in New York, Florida, and Washington.

Ownership category

akta.pro rank

Product category

Accounting and Tax Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Trust & Estate Tax Planning & Compliance (FSAEAKAE)

akta.pro secondary industries

Private Banking & UHNW Wealth Advisory (FSAEABAC), Estate, Gift & Trust Valuation (BPAHANAL), Tax-Focused Wealth Management RIAs (FSAAACAD)

Keywords

• Tax compliance services
• Accounting and assurance
• Wealth planning advisory
• Private equity tax
• Estate and trust services

Headquarters

HQ city

Garden City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Tax Advisory and Compliance Services: Core revenue stream from providing comprehensive tax services including compliance, planning, and controversy representation for individuals, trusts, estates, partnerships, corporations, and international tax matters.
2. Accounting and Attest Services: Financial statement preparation, audits, reviews, compilations, and bookkeeping services for investment partnerships, management companies, and high-net-worth individuals.
3. Advisory Services: Business consulting including start-up services, succession planning, wealth planning, and family office services.
4. Fund Consulting Services: Specialized consulting services for investment funds through affiliated entity FLSV Fund Consulting Services, LLC.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Frankel Loughran Starr & Vallone LLP is a full-service tax, accounting, and advisory firm delivering comprehensive concierge services to businesses, high-net-worth individuals, families, and investment funds. Core offerings include federal, state, local, and international tax compliance and planning, audit and attest services, financial statement preparation and bookkeeping, business advisory (start-up, succession, and wealth planning), family office services, trust and estate planning, mergers and acquisitions tax advisory, tax controversy representation, and specialized fund consulting for private equity, hedge, venture, and private credit funds. The firm serves industries including asset management, financial services, private equity, professional services, real estate, non-profits, and sports, arts, media & entertainment.

Product overview

FLSV is a full-service tax and accounting firm providing a comprehensive suite of professional services. The firm's portfolio consists of multiple interconnected service lines: Accounting Services (including Attest and Assurance) handle financial reporting and bookkeeping; Advisory Services cover business start-up, business succession, and wealth planning; Business Tax Services encompass family office, international tax, mergers & acquisitions, state & local tax, tax compliance, tax controversy, tax planning, tax provision, and trusts & estates; and Fund Consulting Services provides specialized support for investment funds. These services are delivered to diverse industries including asset management, financial services, non-profit organizations, private client services, private equity, professional services, real estate, and sports/arts/media/entertainment.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting and Bookkeeping Comprehensive accounting and bookkeeping services including financial statement preparation, monthly/quarterly/annual reporting, payroll management, and accounts payable and accounts receivable processing for operating entities, investment partnerships, and HNW individuals.
• Attest and Assurance Audit, review, and compilation services for operating entities, management companies, general partners of private equity funds and hedge funds, and investment holding entities.
• Business Start-up Services Entity structuring, business start-up processes, accounting system implementation, establishment of accounting controls, CFO consulting, and comprehensive tax analysis for new businesses.
• Business Succession Services Business succession planning advisory for closely-held business owners, family-owned businesses, and principals preparing for partial or full monetization, generational transfer, or sale transactions.
• Wealth Planning Services Wealth planning advisory for HNW individuals and families, integrating personal tax planning, estate/gift planning, family limited partnership and trust structuring, and investment holding company design.
• Family Office Services Comprehensive tax and accounting services tailored to family offices, including multi-generational planning, investment holding structures, and integrated reporting.
• International Tax Services International tax structuring, PFIC and CFC analyses, check-the-box elections, cross-border transactions, ECI and FDAP withholding, and global tax planning for businesses and HNW individuals with multi-jurisdictional exposure.
• Mergers & Acquisitions Tax Services Tax structuring, due diligence, and transaction advisory for mergers, acquisitions, partial monetization, and full monetization transactions across closely-held businesses and investment funds.
• State & Local Tax Services State and local tax compliance and planning, multi-state nexus analysis, state pass-through entity tax planning, and domicile/residency transition strategies including New York-to-Florida moves.
• Tax Compliance & Reporting Federal, state, and local tax compliance and reporting for individuals, trusts, estates, partnerships, corporations, and international tax matters.
• Tax Controversy Services Representation of clients before federal, state, and local tax authorities concerning tax examinations, assessments, and disputes.
• Tax Planning & Structuring Proactive tax planning and structuring including partnership and S-corporation planning (Section 704(c) considerations, 754 elections, special allocations), blocker entity structuring for ECI and UBTI, and federal/state/local corporate tax planning strategies.
• Tax Provision Services Tax provision preparation and related ASC 740 support for operating entities, investment partnerships, and management companies.
• Trusts & Estates Services Trust and estate tax compliance, planning, and administration for HNW individuals, families, and estates, including trust and estate structuring.
• Fund Consulting Services Specialized consulting services for investment funds, provided through affiliated entity FLSV Fund Consulting Services, LLC, covering financial services and private equity technology solutions to support fund operations and investor reporting.

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• WTS GlobalcoreStrategic or Co-development Partner · 1 January 2019FLSV joined the WTS Global network as a member firm in 2019. WTS Global is a worldwide tax practice network with member firms in over 100 countries providing full range of tax services. This partnership provides FLSV's clients with access to a global network of leading tax professionals for international tax advisory needs.
• FLSV Fund Consulting Services, LLCcoreOthersAffiliated entity providing specialized fund consulting services to complement the firm's core tax and accounting offerings. The firm partners with this entity to deliver comprehensive services to investment fund clients.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• EisnerAmper: EisnerAmper is a large national accounting and advisory firm with deep practices in investment management, private equity, and HNW/family office services, directly competing with FLSV for fund and HNW tax engagements in NY.
• Citrin Cooperman: Citrin Cooperman is a Top-30 US accounting and advisory firm with industry specializations in private equity, financial services, and HNW clients, competing head-on with FLSV in NY and FL markets.
• Anchin, Schlafer & Critchley: Anchin is a NYC-based accounting and advisory firm serving private equity, investment funds, and HNW individuals with comparable service lines to FLSV.
• Marks Paneth: Marks Paneth (now Doeren Mayhew) is a NYC-area CPA firm recognized alongside FLSV on Crain's Top NY firms, with overlapping practice areas in private equity, HNW, and real estate tax.
• WithumSmith+Brown: Withum is a Top-50 US accounting firm with industry practices in investment management, PE, and technology, directly overlapping FLSV's fund services.
• CohnReznick: CohnReznick is a Top-25 US accounting and advisory firm with dedicated real estate, PE, and HNW practices that overlap with FLSV's key service verticals.
• Cherry Bekaert: Cherry Bekaert is a Top-25 US accounting firm with significant investment management, PE, and HNW client segments, comparable to FLSV in service mix and mid-market positioning.

Broad incumbents

• Ernst & Young (EY): EY is a Big 4 firm where FLSV's founding partners were formerly Senior Tax Managers; EY's Private Tax Services and Financial Services practices compete for the same HNW and PE fund clients at scale.
• PricewaterhouseCoopers (PwC): PwC, where FLSV Partner Adam Fisher was formerly a Tax Director, is a Big 4 firm competing for the same investment management and PE fund tax/advisory relationships.

Emerging players

• Aprio: Aprio is a fast-growing Top-50 US accounting firm expanding its PE and HNW practices, increasingly competing with FLSV for fund and family office mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Frankel Loughran Starr & Vallone