Bernstein & Pinchuk LLP , which provides tax and accounting services to high net worth individuals and small and mid-market businesses with a particular focus on China, announced that it has expanded to the West to merge with two existing firms, ACCellence LLP and Henry I. Somerfeld CPA.
This expansion positions the firm to better serve the growing community of wealthy individuals and small to mid-market businesses that have strong connections to China who are either based in, or making investments in the West Coast. The merger also significantly strengthens the firm's position servicing clients in the entertainment industry, including movies, television, music, and talent management.
"We have seen an influx of high net worth individuals, smaller and family-owned businesses with operations or assets on the West Coast, many of them with strong ties to Asia. Having a strong local presence will enable us to efficiently service their accounting, audit, tax, and business consulting needs," said Drew Bernstein, Co-Managing Partner of Bernstein & Pinchuk. "This merger also brings us strong expertise and client relationships in the entertainment industry, which is an increasingly active area of cross-border collaboration and investment."
The office will provide a range of services suited to the needs of smaller and mid-market companies, entrepreneurs, families and LGBT communities, including tax preparation, international tax strategy, accounting, audit & assurance, estate planning, business advisory, business management, EB-5 support, and real estate transactions and consulting services, with Chinese-English bilingual support. The office is located at 5670 Wilshire Blvd. Ste. 1740 Los Angeles, CA 90036.
Leading BP West Coast office will be two senior level Partners, Henry Somerfeld and Winston Yen. "Bernstein & Pinchuk's commitment to high quality, efficient and affordable service is a great match for our existing clients and will enable us to expand the source of solutions we can offer. Like us, they are focused on improving their client's financial well being and effectively managing risks. I anticipate a smooth transition for our clients and am excited about the prospects of working together," said Henry Somerfeld, Partner.
"I am pleased to be joining the platform that Bernstein & Pinchuk provides, including the affiliated offices in China, with greater depth of resources and technical expertise for our clients and excited about growing the practice to meet the needs of wealthy Asian families investing in California and pursuing U.S. citizenship," said Winston Yen, Partner. "We will be able to better service our clients in Asia by providing services such as cross-border M&A, international tax strategy, SOX, and internal controls consulting for smaller and family-owned companies with strong ties to the U.S."
"We are thrilled to be able to have such high caliber and seasoned accountants heading up BP's West Coast operations. Our firm has known and worked with Winston and Henry for many years and has been consistently impressed with their technical tax and accounting knowledge and skills, business experience, and integrity," said Neil Pinchuk, Co-Managing Partner of Bernstein & Pinchuk.
About Bernstein & Pinchuk LLP
Bernstein & Pinchuk LLP provides a range of services suited to the needs of smaller and mid-market companies, entrepreneurs, and families, including tax preparation, international tax strategy, accounting, audit & assurance, estate planning, business advisory, EB-5 support, and real estate transaction and operations consulting services. The firm has a strong practice supporting international high net worth individuals and companies. For more information, please visit http://bpaccountants.com/.
Bernstein & Pinchuk is affiliated with Marcum Bernstein & Pinchuk LLP ("MarcumBP"), a top-ranked provider of SEC audit, accounting and consulting services to Chinese companies listed in the U.S. capital markets and U.S. companies making investments in China, and MBP is part of Marcum LLP, a leading U.S. accounting and advisory firm.
About Henry I. Somerfeld, CPA
Henry I. Somerfeld, CPA, was founded by Henry Somerfeld and services small to medium sized businesses and professionals, as well as clients in the entertainment industry. It provides outsourced CFO/ financial management services, along with tax planning and compliance, estate planning support, and other accounting services. Mr. Somerfeld graduated from the University of Miami, Florida, receiving a Bachelor of Business Administration degree and a Juris Doctor degree.
About ACCellence, LLP
Founded by Winston Yen, ACCellence LLP has an existing client base from China, Hong Kong, and Taiwan, as well as U.S. citizens with strong ties to China. Winston has held a number of senior positions in major regional firms in the public accounting industry and has served as a CFO of an NYSE listed public company. Mr. Yen graduated from the University of Illinois at Urbana-Champaign and received a Master of Accounting Science degree.