RSM US LLP Names Karen Costa as Family Office Enterprise Leader

CHICAGO – (October 29, 2024) – RSM US LLP (“RSM”) – the leading provider of assurance, tax and consulting services for the middle market – is pleased to name Karen Costa as the firm’s family office enterprise leader.

In this role, Costa will drive strategic direction and growth of the practice with a focus on delivering comprehensive, compelling solutions and exceptional client service.

"I’m pleased to introduce Karen as our firm’s new family office enterprise leader," said Don Lipari, enterprise industry leader with RSM US LLP. "Her extensive experience, keen insight into our clients' needs, and ability to build enduring relationships will be crucial as we guide our clients through a significant period of generational wealth transitions. We are dedicated to providing unparalleled advisory services to ultra-high net worth individuals, family offices and family enterprises, and I’m confident that Karen’s leadership will help us continue to excel in these areas."

Costa brings over two decades of experience in serving family office clients and ultra-high net worth individuals. She has played a substantial role in the growth and development of RSM’s family office enterprise practice since its inception, most recently serving as its tax leader. Prior to joining RSM through a predecessor firm in 2001, Costa worked in the private client space, including time in industry as well as with a Big Four public accounting firm. Throughout her career, she has led various training programs and diversity initiatives, including co-founding the RSM Tony Wood Family Office Institute powered by the Smith Family Business Initiative of the Cornell SC Johnson College of Business.

“I’m honored to step into this role during such an important time for our family office clients,” said Costa. “I look forward to fostering innovation and leading our team as we set the standard for excellence in the family office market. Together, we will help our clients continue to succeed and create an enduring legacy.”

RSM’s family office enterprise practice was established in 2019, evolving from the firm’s longstanding private client services practice. With a rich history of serving family office and family enterprise decision-makers, RSM has become a trusted advisor to family offices and family enterprises globally. Today, the team of more than 800 professionals serves more than 500 family enterprise clients, guiding them through critical transitions including embedded family office lift-outs, succession and generational lift-outs, family office creation and redesign for optimization. The team works closely with clients to architect a roadmap to assess, design, create and operate their family office through holistic and tailored solutions that meet their unique and evolving needs.