Media Contact: Barbara Fornasiero; 248.651.7536; 586.817.8414; firstname.lastname@example.org
Southfield, Mich.— Plante Moran, PLLC, one of the nation’s largest certified public accounting and business advisory firms, announces Managing Partner Gordon Krater, CPA, is set to begin his second four-year term effective July 1. Krater, the sixth managing partner in the firm’s history, initially took the helm of Plante Moran in July 2009 and will continue to serve until July 2017. Krater became managing partner during the darkest days of the recession, and guided the firm into a solid growth trajectory that includes the opening of a Detroit office in fall, 2013 and a significant merger with Chicago-based Blackman Kallick in July 2012.
“The last four years have brought immense challenges to the profession and the firm, but there have been opportunities for fine-tuning client service, growth of specialized services and new avenues for staff development and client engagement too, and those areas all remain an important part of my leadership focus moving into the next four years,” says Krater. “We’ve also gotten more deeply entrenched in our communities, with Plante Moran Cares outreach projects that put a firm-wide emphasis on critical areas of need, such as literacy, domestic violence and supporting our military, while strengthening our internal culture through these efforts as well.”
The new Detroit office of Plante Moran, which is slated to open fall 2013 and initially house 75 staff members, puts the firm in the heart of Downtown Detroit’s business resurgence, while attracting talent that wants to be part of a growing urban energy. The merger with Blackman Kallick, meanwhile, deepened Plante Moran’s capabilities in the Chicagoland market.
“Chicagoland, with its huge business base, continues to present tremendous opportunities for Plante Moran to share our industry expertise with middle market clients. While we have 21 offices in the Midwest and abroad, we are organized by industry specialization, and this is a strong selling point for prospective clients who want deep industry knowledge in addition to a conveniently located service provider,” notes Krater.
One of the firm’s continued areas of interest is private-equity owned companies.
“An estimated 48 percent of middle market companies are owned by private-equity firms and we are going to be even more aggressive in going after that niche. We understand middle market companies and know how to serve them. Client satisfaction surveys that consistently approach 99 percent approval ratings affirm that our middle market clients find the business advisory services they need to prosper when they partner with Plante Moran,” says Krater.
Krater adds that Plante Moran’s strong reputation in wealth management is another growth area. The firm’s Plante Moran Financial Advisors (PMFA) affiliate, with more than $8 billion of assets under management, was ranked ninth in May 2013 on Forbes’ list of “Top 50 Wealth Managers” (also known as “giants”). PMFA was also named the 16th fastest-growing regional investment advisory (RIA) firm; this was the first year PMFA made either list.
“Plante Moran Financial Advisors celebrated its 30th year in 2012 and its success has been astounding. Yet we believe there are numerous untapped opportunities to further grow this segment based on our team’s independent role in investment decisions and the trust we’ve earned from our clients over the past three decades.”
Reflecting on human resource developments, Krater counts firm culture, commitment to diversity issues and new strategies for developing and strengthening women’s leadership roles, including the firm’s new Women In Leadership initiative to help Plante Moran accelerate its ability to attract and retain women leaders, among his key interest areas.
“It’s the continual investment in our staff that pays the most dividends in the long run. I don’t ever want to lose sight of that,” said Krater.
About Plante Moran:
Plante Moran is among the nation’s largest certified public accounting and business advisory firms, providing clients with tax, audit, risk management, financial, technology, business consulting and wealth management services. Plante Moran has a staff of more than 2,000 professionals in 21 offices throughout Illinois, Michigan and Ohio, with international offices in Shanghai, China; Monterrey, Mexico; and Mumbai, India. Earlier this year, the firm was named to FORTUNE magazine’s list of the “The 100 Best Companies To Work For” for the 15th consecutive year. Plante Moran was ranked #25 on this year’s FORTUNE list.