A new wealth management firm is launching as a result of a merger between Yampolsky Mandeloff Silver Ryan and Citrin Cooperman & Co. LLP.
Private investment management company YMSR Investment Advisors Inc., a firm that principally served clients of Philadelphia-based Yampolsky Mandeloff Silver Ryan for more than a decade, is rolling into the newly formed Citrin Cooperman Wealth Management Co., a separate division of Citrin Cooperman & Co. The wealth management firm will be based in Philadelphia. Citrin Cooperman & Co. has offices in Manhattan, White Plains, N.Y., Springfield, N.J., and Philadelphia.
"We are meeting, we have come to terms, everything is a go," said Alan Mandeloff, CPA, PFS, president and founder of the new wealth management firm, which will formally open in May after tax season. "Everybody is committed to it. I'm a Citrin Cooperman guy."
Mandeloff, who is also president and founder of YMSR Investment Advisors Inc., became one of the partners at Citrin Cooperman's accounting practice in November, focusing on financial planning and investment advice for businesses and individuals.
Sean Bergin, one of YMSR's investment managers, will become the managing director at Citrin Cooperman Wealth Management Co.
"The reality is, we have ongoing meetings with staff, getting them used to the idea that there is a new company named Citrin Cooperman Wealth Management, and for all practical purposes that company is in existence, but it has not officially kicked off," said Mandeloff.
