Financial Services


In today's uncertain economic climate, it is essential for financial services companies to partner with a Firm that has the experience and knowledge to help them navigate through the complexities of the highly regulated Financial Services Industry.  As such, Grassi & Co.'s financial services experts are committed to providing high-quality accounting and consulting services to our clients. With over 35 years of experience assisting companies in the Financial Services Industry, our professionals have the knowledge and insight to help financial services companies address their business challenges and achieve their strategic objectives. Grassi & Co. serves clients throughout the United States and internationally through Moore Global Network Limited.

Grassi & Co.'s industry expertise, combined with our commitment to our clients, enables us to provide professional services to various financial services entities, including:
  • Hedge funds
  • Fund of funds
  • Private equity funds
  • Master feeder structures
  • Offshore funds
  • Commodity pools
  • Venture capital funds
  • Family offices
  • Real Estate Investment Trusts (REITS)
  • Broker/Dealers
  • Registered Investment Advisors

Our professionals are proficient in providing financial services companies with audit, tax and management advisory services, including:



Anthony Mazza Principal
Victoria Pellegrino Partner, Financial Services Practice Leader
Matthew Luttinger QC Principal
Roger Lorence Senior Tax Consultant
Alison LeeJun Senior Manager
Chi Lam Audit Manager

Articles & Alerts

IRS Delays Some New Partnership Tax Reporting Rules

The 2019 draft form 1065 imposed a heavy burden on partnerships to report additional partner-specific information. Recognizing that these changes would cause a hardship for most partnerships to adopt in their 2019 tax filings, the IRS is providing interim relief for partnerships, but not yet for S-Corporations.


The Sleeping Bears Awake, Grumpy - Bad News for Cryptocurrency

Victoria Pellegrino and Roger Lorence of Grassi's Financial Services were published in HFMWeek for their insights into the new hurdles regulators are introducing for the management of cryptocurrency.


“Style Drift” a Big Problem for Fund Managers, Says SEC Investment Management Division (“SEC”)

It is standard practice for counsel drafting offering documents for investment funds, whether registered with the SEC or not, to describe the fund’s investment strategy.  Failure to describe the strategy would make the fund a type of “dark pool” (investing in a fund vehicle about which the investors are told nothing about what they are investing in).  


Your Company Has a Retirement Plan – Are You Meeting Your Fiduciary Responsibilities?

While you offer your employees defined contribution, defined benefit, health and welfare, or profit sharing plans, it is important to know that offering these plans also comes with responsibilities and risks for the sponsoring company and the trustees of the plans.  


Why Auditors’ Reports Are Likely To Get Longer And More Detailed

Auditors of public companies are required to follow standards set by the Public Company Accounting Oversight Board (the “PCAOB”), created in the wake of the Financial Crisis to improve reporting standards for public companies.  


Alert: What Partnerships and Limited Liability Companies Must Consider Now

Tax legislation enacted in 2015 changed the rules for how partnerships (including limited liability companies and any other entity classified as partnerships) respond to audits by the Internal Revenue Service.  


EAlert: Critical Tax Points for Funds, Their Managers and Investors

The impact of 2017’s Tax Cuts and Jobs Act (the “New Law”) on funds, their managers and investors is hard to understate.  In this executive summary of year-end tax issues to consider, we highlight issues for your consideration.  


EAlert: IRS Issues Workarounds for SALT Deduction

On December 22, 2017 President Trump signed into law the Tax Cuts and Jobs Act. 



Gaining the Edge Conference 2019

Grassi is proud to sponsor the Gaining the Edge Hedge Fund Leadership Conference hosted by Agecroft Partners LLC at The Roosevelt Hotel in NYC on November 4-5, 2019.