PKF O’Connor Davies Family Office Recognized by Private Asset Management Awards 2022 and Family Wealth Report Awards 2022

Family Office practice notches three total honors, Stephen E. Prostano receives individual recognition for thought leadership contributions

PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today announced that PKF O’Connor Davies Family Office (PKFOD FO) has received three industry awards recognizing its growth and innovation. The Private Asset Management (PAM) Awards 2022 named PKFOD FO the “Best Business Consulting Firm for Family Offices,” while the Family Wealth Report Awards 2022 named the practice area the “Best Accountancy Advisor” and the “Best Family Office Management Consultancy.” This string of recognitions reinforces PKFOD FO’s leadership in the family office space, driven by its commitment to developing personalized, holistic solutions that exceed client expectations.

“The daily, often complex challenges confronting high-net-worth individuals and their families require insightful and proactive solutions designed not just to maximize clients’ wealth, but to ensure their peace of mind,” said Gemma Leddy, Partner-in-Charge of PKFOD FO. “Our team of award-winning experts – which includes standout leaders like Steve Prostano – continually pursue best practices, new initiatives and enhanced services that push the envelope and move our industry forward. These latest awards reaffirm our approach, speak to the value we provide our clients and demonstrate our sustained commitment to excellence.”

Hosted by With Intelligence, the PAM Awards annually recognize the top investment professionals, wealth advisors, legal firms, consultants and other key service providers in the private asset management space. The program’s “Best Business Consulting Firm for Family Offices” designation recognizes consulting firms serving the family office space that have demonstrated business growth, expertise and innovation in providing clients with first-class advice and service over the past 12 months. Award winners in this category demonstrate customer and revenue growth, while showing how new initiatives, tools and products have aided family offices in their growth efforts. PKFOD FO is a frequent PAM Award recipient, winning “Best Family Office – New Innovations” in 2021.

The annual Family Wealth Report Awards honors firms and individuals for their initiatives, efforts and success in their North American operations. The program’s “Best Accountancy Advisor” award recognizes consultants to family offices who provide accounting advice and make measurable contributions to clients’ operations and overall success. The “Best Family Office Management Consultancy” award recognizes service providers’ expertise in the areas of strategy, operations, risk, technology, regulations, forensics and valuations, as well as the ways in which they have positively impacted their family office clients.

In addition to the Firm’s two honors, the Family Wealth Report Awards presented Stephen E. Prostano with an individual award for his “Outstanding Contribution to Wealth Management Thought Leadership.” Prostano, a Partner and Head of Family Advisory Services for PKFOD FO, has distinguished himself as an innovator in the wealth management, multi-family office and global financial services industries. He is the prior recipient of Family Wealth Report’s Leading Individual in the Multi-Family Office Industry Award and Private Asset Magazine’s Outstanding Contributor to the Wealth Management Industry Award.

“I am extremely proud to once again have our services and support recognized by the leading organizations in our field,” said Prostano. “To receive a recognition of my own is gratifying, but I must also give credit to each of my colleagues, all of whom are vital to the work we’re able to accomplish with clients. While we are always excited to receive these types of awards, the greatest validation of our efforts is the continued trust our clients place in us.”

Each year, the PAM Award winners are selected by an independent panel of industry experts comprised of leading hedge fund C-suite executives. Honorees are determined by considering both qualitative and quantitative performance indicators, including financial progress, growth, client satisfaction and product innovation. Now in its ninth year, the Family Wealth Report Awards employs a pool of approximately forty experts from family offices, private banks, trusted advisors, consultants and other service providers, each of whom has in-depth wealth management knowledge and experience.

PKFOD FO is the award-winning Family Office division of PKF O’Connor Davies, LLP, offering financial, tax, accounting, planning, investment, transaction and philanthropic services, along with direct, alternative and sustainable investments acumen, Wall Street insights, entrepreneurial business experience, and leading technology.