Members of the consulting firm Family Office Metrics have joined Ernst & Young LLP’s Family Office Advisory services team.
Family Office Metrics, based in New York City, specializes in helping clients create, re-engineer and improve family offices globally. The firm was named “Best Management Consultancy” at the Family Wealth Report Awards in 2015 and was chosen as the 2014 Family Office Consultancy of the Year by Wealth and Finance International magazine.
“The addition of the well-known team at Family Office Metrics is part of EY’s commitment to be the go-to advisor for family offices and the individuals, families and family businesses those offices serve,” said EY Americas vice chair of tax services Kate Barton in a statement. “As part of the Private Client Services practice in the U.S., the members of Family Office Metrics will work with a network of professionals from across the EY organization to accelerate EY’s growing breadth of services offered to family offices with its EY Global Family Business Center of Excellence.”
Family Office Metrics CEO Jon Carroll and managing director Paul McKibbin are joining EY as part of the deal. Financial terms were not disclosed. EY ranked 3rd on Accounting Today’s 2015 list of the Top 100 Firms, with $9.9 billion in annual revenue.
“As we become integrated into EY, we will be able to address the full spectrum of client needs, from a founder’s office to structuring a multi-generation office that supports all family members while supporting successful successions, legacies and transactions across the globe,” said Carroll. “This deal is the result of a joint ambition to accelerate growth and improve business performance for family offices.”
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