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November 29, 2022

A Dozen ParenteBeard Partners Have Up and Quit; Probably Joining BDO

Joe DiStefano has nice scoop over at PhillyDeals about twelve ParenteBeard partners packing it in — sounds like it was unexpected — and taking their services over to Bravo Delta Oscar:

According to industry sources, Richard T. Farrell from the firm's Philadelphia office, Alan Molin from its Clark, New Jersey office, and other audit partners have turned in their resignations to Robert J. Ciaruffoli, the firm's chairman and CEO, and Ciaruffoli has notified colleagues at the firm of their departure. ParenteBeard employs hundreds of accountants at 20 offices, mostly in the Northeast. The partners are negotiating to possibly join rival BDO's Philadelphia office, which has also expanded in recent years.
ParenteBeard did confirm that they "accepted the resignation of certain individuals" and also added that there was originally a baker's dozen that we're walking, but one soul had second thoughts. FUN!
 
 

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