Armanino Caps 2023 with Impressive Growth and Expansion Across Firm’s Capabilities, Products and People, Setting the Stage for a Successful 2024

Year-end highlights for the firm include significant employee growth, strategic M&A, new service offerings, accolades, and philanthropic efforts

Armanino LLP (“Armanino”), a top 20 national accounting and consulting firm, is pleased to reflect on its achievements in the past year rooted in its deep commitment to understanding and advancing its clients' business objectives. From significant employee growth to notable firms joining Armanino, the launch of differentiated service offerings to meet client needs, and philanthropic initiatives, this past year has been filled with success and major milestones for Armanino.

“I am tremendously excited about our strategic direction and the significant opportunities ahead in 2024,” says Matt Armanino, CEO and Managing Partner at Armanino. “Our team has consistently demonstrated the ability to not only adapt but to excel in dynamic environments. This resilience and commitment are what make us more than just a firm; they make us a dependable partner for our clients. We are well-positioned to service our clients holistically, ensuring that their needs are met with expertise, innovation, and a forward-thinking approach for 2024 and beyond.”

Armanino Invests in the Expansion of its Workforce

Armanino has experienced substantial growth in its team, expanding its workforce to better serve the firm’s clients' needs. The firm welcomed its largest new partner class in its history, with 26 new partners and half of the class being female leaders.

In tandem with employee growth, Armanino made strategic moves to strengthen the firm’s market position with several firm additions in 2023. Key accomplishments include the successful expansion of Armanino’s Business Management Division with the integration of Blue Sky Group and music rights and royalty auditing firm, Royalty Compliance Organization (“RCO”) as well as Bemel, Ross & Avedon. Additionally, Janover, a New York-based CPA firm, joined Armanino enhancing the firm’s accounting, audit, and consulting services while bolstering Armanino’s presence in Manhattan and the greater New York area.

New Products and Service Offerings Drive Forward Innovation

Armanino also introduced innovative new service offerings, expanding its capabilities to deliver enhanced value to clients. The main focus of these products revolves around providing comprehensive outsourced solutions to supplement clients’ operations and combat pressures placed on C-suites by high-interest rates, inflation, significant labor shortages, and a strained economic backdrop.

• In January, Armanino launched its Strategic Development Outsourcing (SDO) service, providing nonprofit organizations with a new full-service, outsourced fundraising solution powered by data and analytics to evaluate organizations' existing donor base, source new prospects to elevate funding success.
• In May, Armanino delivered a new Strategic Marketing Outsourcing (“SMO”) service, providing end-to-end, transformational market initiatives backed by Armanino’s top-tier creative and digital marketing capabilities.
• Most recently, Armanino released Tax Managed Services a new holistic outsourced tax service designed to solve for the challenges facing CFOs and in-house accounting departments that blends Armanino’s in-house tax expertise optimized by the firm’s tax technology capabilities to streamline the full tax needs of any client.

Industry-Defining Achievements Receive Notable Recognition

With Armanino’s success across growth and innovation, the firm was recognized across the industry for its accomplishments. The firm was honored to receive several prestigious awards and recognitions, including INSIDE Public Accounting’s Best of the Best Firms for high performance in management, growth and strategic vision, and the Glassdoor Employee Choice Award earlier this year, recognizing Armanino as one of the top 100 Best Places to Work in 2023. Additionally, Armanino received recognition with the 2023 MOVE Project Award as a Best CPA Firm for Women in November of this year and ClearlyRated’s Best of Accounting Award for outstanding client satisfaction. The firm’s Business Management team members also earned a spot on The Hollywood Reporter’s Top Business Managers of 2023 list and Variety’s Business Managers Elite of 2023.

Leading the Charge in Philanthropic Efforts

As a Certified B Corporation®, making a positive impact on the community is one of Armanino’s core values. The firm is dedicated to actively engaging in transformative and valuable charitable initiatives and is committed to creating a positive and meaningful difference in the communities it serves. The firm’s philanthropic efforts in 2023 included its 15th Annual "Great Give" Day of Service this summer, where more than 2,000 Armanino team members dedicated over 15,750 hours supporting 140+ charitable causes and nonprofit organizations nationwide. Additionally, this fall, the firm held its 2023 Nonprofit Symposium, uniting hundreds of nonprofit professionals across the country to convene on issues and opportunities pertinent to philanthropic success. Armanino also focused on its sustainability efforts through the firm’s Canopy Project - a three-week-long fundraising effort to help plant as many trees as possible through Treedom, another Certified B Corporation®, supporting tree planting projects in Africa, South America and Asia. As a result of this campaign, employees and the Armanino Foundation raised money to plant 2,679 trees, pulling 673 tons of carbon dioxide from the atmosphere, reducing the firm’s overall carbon footprint, and improving forestry conditions in areas where the need is greatest.

“Looking ahead, the importance of continuing our efforts to give back to our communities and supporting our team's passion for philanthropy is a high priority for us in 2024," states Mary Tressel, Chief Communications and Purpose Officer. "Armanino's dedication to charitable efforts is a defining aspect of our firm's identity, and it fills me with pride. The overwhelmingly positive feedback from our 2023 initiatives has set a solid foundation for an even more impactful and inspiring 2024 in terms of charity and philanthropy."

For 2024, Armanino is determined to continue its momentum, focusing on strategic areas of development such as: innovating its service offerings to meet evolving client needs, expanding its presence across the US, and continuing its philanthropic engagement.

About Armanino LLP

Armanino LLP is one of the 20 largest independent accounting and business consulting firms in the nation. A certified B Corporation®, Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company. Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino is an independent member firm of Moore North America Inc. (MNA), which is itself a regional member of Moore Global Network Limited (MGNL), one of the world’s major accounting and consulting membership organizations. All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (amfmediagroup.com), a media and communications services agency.

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