One of the top 100 accounting firms nationally, SaxBST is a multi-disciplinary accounting, tax and advisory firm serving the needs of closely held companies, family-owned businesses, not-for-profit entities and high-net-worth individuals throughout the New York tri-state area. Based in Albany, N.Y.; Clifton, N.J.; Mineola, N.Y. and New York City, SaxBST is the outgrowth of a merger between two of the area’s most prominent accounting firms, Sax Macy Fromm & Co., PC (SMF) and Bollam, Sheedy, Torani & Co. LLP (BST). SaxBST’s expertise covers a range of industry areas and niches including real estate, construction, manufacturing and distribution, employee benefits, retail, financial services, healthcare, professional services, not-for-profit, governmental entities and labor unions.
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FACTS 2014: SaxBST
26 Computer Drive West, Albany, NY 12205
855 Valley Road, 3rd Floor, Clifton, NJ 07013
200 Old Country Road, Suite 570, Mineola, NY 11501
28 West 44th Street, 20th Floor, New York, NY 10036
Media Contact: Carin McDonald: firstname.lastname@example.org, (201) 796-7788
SaxBST is a multi-disciplinary accounting, tax and advisory firm serving the needs of closely held companies, family-owned businesses, not-for-profit entities and high-net-worth individuals throughout the New York tri-state area. SaxBST is the outgrowth of a January 2014 merger between two of the area's most prominent accounting firms, Sax Macy Fromm & Co., PC (SMF) and Bollam, Sheedy, Torani & Co. LLP (BST).
The merger represented an important progression for both firms and their combined 220+ professionals. A mutually shared business strategy is reflected in SaxBST's vision to create a firm committed to being each client's most valued advisor by providing solutions that exceed expectations and assure their success. The firm offers a broad portfolio of accounting, auditing, tax and financial management consulting services. It also serves a core set of industry segments and niches that include commercial real estate, construction, manufacturing and distribution, employee benefits, retail, financial services, medical and professional services, not-for-profit, government and labor unions.
SaxBST is comprised of a collaborative team of entrepreneurial leaders who are passionate about their work and anticipate the evolving needs of clients. The firm's experienced professional staff provides SaxBST with integral analytical and advisory capabilities.
SaxBST maintains offices in Albany, N.Y.; Clifton, N.J.; Mineola, N.Y. and New York City.
The merger places SaxBST among the "Top 100" accounting firms nationally.
History and Philosophy
SaxBST is an outgrowth of two prominent Northeastern-based accounting firms. Founded in 1956, SMF grew to one of the largest single-office accounting and business consulting firms in the New Jersey/New York region. Tracing its roots back to 1944, BST has evolved from a traditional CPA firm to one of the largest full-service, multi-disciplinary financial and management consulting firms headquartered in the Albany area.
SaxBST's guiding principles are rooted in honesty, integrity, accuracy and providing the highest levels of service to clients and the community. The firm develops lasting client relationships by putting people first while advising businesses and individuals to help them grow locally, regionally, nationally and globally, as well as personally. SaxBST transcends a traditional accounting firm. Committed to a team-based approach, the firm is a trusted business advisor with a depth of knowledge embedded within its core areas of expertise. SaxBST also is committed to attracting the industry's most talented emerging leaders with a supportive work environment, emphasis on professional growth, and by rewarding outstanding performance.
Through a long-standing association with the McGladrey Alliance – the fifth largest accounting and consulting firm in the nation – SaxBST combines the personalized attentive service of a local firm with a full range of technical services available through a national organization.
SaxBST employees are committed to improving the communities in which they live and work. The result has positively impacted their respective communities as well as numerous important charities. Examples of the firm's philanthropy include The 4 Miler at Garret Mountain, an annual race event to benefit St. Joseph's Children's Hospital in Paterson, N.J., as well as participation in the American Diabetes Association's annual Tour de Cure, the American Cancer Society's Making Strides Against Breast Cancer, and Ronald McDonald House. SaxBST also supports and sponsors local events and organizations, including charity walks, youth sports, college athletics, arts and entertainment, and numerous civic and business functions.
Key Management and Staff
SaxBST is a partnership comprised of 48 partners and a staff of more than 220 talented individuals. In addition to a 10-member executive committee, SaxBST is being led by two joint managing partners:
Robert Paz, Co-Managing Partner, joined SMF in 1981 and became a partner in 1989 before being named managing director in 2010. He was instrumental in growing SMF's Construction Industry Service Group and served as a member of the firm's Executive and Compensation committees. Paz has served as treasurer of the New Jersey Construction Council, president of the Construction Industry CPAs and Consultants Association, and is an active member of the Construction Finance Management Association (CFMA). He also is a member of the American Institute of CPAs and the New Jersey Society of CPAs. Paz earned his bachelor's degree in accounting from Rider University.
Stephen L. Ferraro, Co-Managing Partner, joined BST in 2005 and was named managing partner in January 2012. He has more than 30 years of diversified public accounting experience and serves as a leader on the firm's Valuation, Forensic & Litigation Services team where he specializes in economic damage analysis, insurance loss accounting, litigation support and financial investigations. In addition to earning his CPA designation, Ferraro is a Master Analyst in Financial Forensics, Certified in Financial Forensics, a Certified Valuation Analyst and is Accredited in Business Valuation. His professional affiliations include the New York State Society and American Institute of CPAs, National Association of Valuation Analysts, American College of Forensic Examiners, Association of Certified Fraud Examiners, New York State Chapter of Special Investigation Units and Property Loss Research Bureau. Ferraro earned his bachelor's degree in accounting from Siena College.