Cornerstone Accounting Group Merges Into Marcum LLP

Monday, April 22, 2013 - 10:27

Marcum LLP has announced a merger with Cornerstone Accounting Group, an accounting and assurance firm, focused on the real estate industry, with headquarters in NYC. The merger is effective immediately.  The entire Cornerstone team consisting of five partners and 75 staff will join Marcum.  Cornerstone's managing partner Daniel Vitulli will become national leader of Marcum’s Real Estate industry group and will join Marcum’s executive committee.

Cornerstone provides a full range of accounting and assurance services to its industry-leading clients, including private equity funds, hedge funds, real estate investment trusts, pension advisors and private real estate companies.  "Daniel Vitulli and the Cornerstone team are a best-in-class national organization, and this transaction firmly establishes Marcum as a premier national real estate accounting group," said Jeffrey M. Weiner, Marcum’s  managing partner.

“As a national accounting firm with a footprint in over 20 regional markets, Marcum provides the Cornerstone Accounting Group the opportunity to significantly expand our reach and grow services for both our local and national clients,” Mr. Vitulli said.

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Marge Filippelli of Wayne, NJ has been named partner-in-charge of the Roseland, NJ office of Marcum LLP, a top national accounting and advisory services firm 

As head of the firm’s Roseland office, Ms. Filippelli will play a leadership role in Marcum’s national Real Estate Group. She will also oversee all client services and administrative operations in the region. The consolidated Roseland office includes over 40 partners and staff.

Ms. Filippelli’s extensive experience in the real estate industry encompasses a full range of audit and consulting services to real estate owners, operators and developers, including financial statement audits, reviews, compilations and acquisition due diligence for office, residential, retail, hotel, industrial properties and investment companies. She also handles special-purpose audits including operating expenses, certiorari and agreed-upon procedures reports.