Partner, Financial Services Senior Analyst
Areas of focus: Financial Services
Jason is a financial service professional from RSM’s Chicago office, aligned with the tax practice. He works primarily with clients in the financial services industry and has particular expertise in meeting the needs of hedge funds, fund of hedge funds, broker-dealers, private equity firms, commodity trading advisors, commodity pool operators, proprietary trading groups, family offices, private foundations, and high net worth individuals.
For the last 13 years, Jason has provided tax services for his clients in a variety of areas such as individual tax planning related to tax reform, review of partnership allocation methodologies, partnership/family office restructuring, IRS and state tax audits, industry related tax research, trading strategy reviews for optimal character recognition, foreign reporting issues, and overall federal and state compliance and planning.
Jason has worked with and counseled start-up funds, working alongside attorneys, administrators and prime brokers. In January 2018, Jason was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions impacting middle market leaders. Jason’s focus is on the financial services industry.
As the Main Street Lending program rolls out, family offices that are eligible must consider pitfalls of borrowing one.
The new law intends to help Main Street businesses. Some family offices might be classified as a small business and eligible for loans.
The $349 billion Paycheck Protection Program is meant to give relief to small businesses and encourage them to keep employees on payroll.
If fintechs can participate as lenders in the CARES Act, they will find a receptive market in struggling businesses that urgently need help.
As the human and economic toll of coronavirus mounts, no sector of the economy has been immune from a downturn, including family offices.
If adopted, the accredited investor definition will be a test family office investors will need to pass before investing in private markets.
Policy uncertainty and the low interest rate environment provide headwinds for the financial services industry in 2020.
The amount of wealth managed by family offices continues to grow as more families sell out their founding businesses.
For the financial services industry, rising interest rates call into question how investors will deploy capital in 2019.