Topics

• Mid-Sized Accounting Firms

• Acquisition of TBS by RSM McGladrey

• Chicago

A Clarification About Our Affiliated Practice Unit

• Altschuler, Melvoin and Glasser LLP (“AM&G”), a partnership of Certified Public Accountants, is a separate, independently-owned, independently-operated entity.

• AM&G serves as the vehicle through which staff acquire CPA experience and meet the requirements for CPA licensure.

• AM&G has a leasing arrangement with American Express Tax and Business Services Inc. to provide staff to conduct audit and other attest services.

Strategic• Positions us as the leading provider of tax, accounting and

business services to mid-sized organizations• Pass the $1 billion threshold – join the ranks of top 5 U.S.

accounting firms• Create significant critical mass in key U.S. markets• The combined company will have more than 7,000 professionals• Enhances competitive positioning – broader and deeper depth of

services• Acquire a client base into which to sell complete services

portfolio

Why merge?

RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner-owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

Why merge?

Tactical• Very close client demographic alignment

between the two organizations• Complimentary vertical and functional

expertise• Positive impact on buying participation

and win rates• Employee retention and recruitment tool• Positive internal motivator

RSM McGladrey Inc. and McGladrey & Pullen LLP (a partner-owned CPA firm) have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs.

Deloitte & Touche USA 28.4%

PricewaterhouseCoopers 12.6%

Combined RSM / TBS 12.3%

Ernst & Young 12.2%

KPMG 9.7%

Crowe Chizek 4.8%

Grant Thornton 3.0%

BDO Seidman 1.8%

Blackman Kallick Bartelstein LLP 1.8%

FGMK, LLC 1.5%

Chicago (est. market $2.8 b)

Source: Crain's Chicago Business

Firm Market Share

The Unique Alternative• The capabilities, technical expertise,

resources and services of a national accounting and consulting firm.

• The special features (personalized, individual attention and “open door” environment) normally associated with regional firms.

Top Reasons to Consider Chicago• Lake Michigan• Terrific Restaurants• Sports (Cubs, Sox, Bulls, Bears,

Hawks, Wolves, Fire)

• World-Class Theatre• Music & Entertainment• Amazing Museums• Great Public Transportation• Two Major Airports• Top-Notch Shopping• Lots of IU alumni

. . . Cubs Pitching!

Wood Prior

Zambrano

New Hire and Recruiting Events

Golf / Bowling with SASCubs Rooftop / Cooking Class