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September 29, 2023

Another Family Office Group Flees Rothstein Kass After the KPMG Acquisition

Do we have a trend here? Perhaps.

The founders of JDJ Resources Corporation have left Rothstein Kass Family Office Group to launch JDJ Family Office Services.

Boston-based JDJ Family Office Services, which provides administrative multi-family office and personal CFO services to high net worth individuals and families, will retain its entire 21-person staff and continue to deliver the same suite of customized services to its existing and expanding client base.

"We are thrilled to be independent again. This change allows us the ability to provide the levels of service that are expected and required in the family office industry," said JDJ Family Office Services partner James M. Kittler. "We believe the family office industry is in a growth stage and this provides us the perfect opportunity to expand on the service model we created at JDJ and enhance the customized service solutions we offer to our clients and their advisors."

The company was founded in 2001 and merged with Rothstein Kass in 2012. Under the leadership of the current JDJ Family Office Services team, Rothstein Kass increased its Boston office client base by 13% and gross revenue by 33% in 2013.

At the time of the merger in 2012, our pal Steve "Rothstein Kass is not for sale" Kass had this to say:

“The family office space is experiencing significant growth and there is a real demand for firms that can deliver a depth of expertise and services across the financial, wealth planning and project management spectrum. At Rothstein Kass we’ve always set ourselves apart by bringing a unique combination of technical expertise and high-touch client service to the family office business. We are thrilled to welcome the JDJ team to our group because they built their business on those same principles, and we are confident they’ll help us continue to provide real value for our clients and build on our leadership position in the family office market.”

And JDJ partner James Kittler, who is quoted above as saying "We are thrilled to be independent again," had this to say at that time:

“Rothstein Kass is widely recognized as a leader in the family office space,” said James Kittler. “From the first time we met it was clear that our services, philosophy and approach are in alignment. They’re experts in what they do, but the dedication they have to their clients, and their commitment to sustaining a culture of excellence is truly what sets Rothstein Kass apart. We are thrilled to be part of such a great organization.”

The thrill is gone.

Earlier: Rothstein Kass Refugees Are Starting Fresh After the KPMG Acquisition

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