History
Plante Moran was founded by Elorion Plante in 1924. Frank Moran was named partner in 1950, and the firm became known as Plante & Moran. The pair had originally met when Moran, a philosophy student, became a geometry tutor for Plante’s daughter. Moran’s philosophy training would lay the foundation for what he called “a people firm disguised as an accounting firm.” In 1955, Moran became managing partner, remaining in the role until stepping down and becoming chairman in 1981. By the early 1960s, a third of the firm's revenue came from non-accounting services. In 1977, the firm created its first affiliate, Total Personal Financial Planning, now known as Plante Moran Financial Advisors. The firm’s first mergers came in 1986 under the direction of Managing Partner Edward Parks and included expansion into three Michigan cities (Kalamazoo, Battle Creek, Benton Harbor/St. Joseph), as well as Cleveland, Ohio. Several more additions to service capabilities came in the 1990s under the direction of Bill Matthews, who was named managing partner in 1993. That same year, Plante Moran Financial Advisors registered with the SEC, and just one year later, Plante Moran Cresa (commercial real estate advisors, now Plante Moran Realpoint) was formed. The firm created P&M Corporate Finance, an investment banking group, in 1996, and in 1998, Plante & Moran Benefits Administration LLC (now Plante Moran Group Benefits Advisors) was formed. In 2001, Bill Hermann was named managing partner. The following year, the firm was chosen to help investigate theCulture
Plante Moran’s emphasis on culture stems from co-founder Frank Moran’s philosophy training and his notion of the firm as a “grand experiment” — a values-based, people-first accounting firm. His “Wheel of Progress” philosophy asserts hiring and retaining the best talent will produce the best service to clients, leading to ongoing success that continues for all involved. Methods for retaining the best talent include maintaining a “relatively jerk-free culture” and emphasizing the importance of work-life balance, or what Moran called the “life on a tightrope approach.” Plante Moran’s DEI Council, staff resource groups, Women in Leadership initiative, and WorkFlex Committee (which promotes work-life balance) are programs through which the firm develops, supports, and invests in staff across its offices. Some of Plante Moran’s most-emphasized values include their “We Care” philosophy and the Golden Rule. Their culture has earned them several awards over the years, including Fortune magazine’s Best Places to Work for Millennials, Best Places to Work for Parents, Best Places to Work for Women, and the 100 Best Companies to Work For, as well as several industry-based and geography-based awards.Service model
Plante Moran’s service model — unique in the accounting industry — appeals to collective, client-first service and the specialized expertise of its staff over localized or office-level profit centers. Referred to as a “one-firm” firm model (a term borrowed from former Harvard Business School Professor David Maister), this method provides clients access to relevant industry technical experts and accounting staff based on need, regardless of location.Services
Services provided by Plante Moran and its affiliates include the following: Audit * Employee benefit plan audit * Financial statement audit * International audit * SEC surprise audit * Single audit Tax * International tax * Mergers & acquisitions * Personal tax * State & local tax * Tax controversy services * Tax credits, incentives, & inductions * Transfer pricing Consulting * Commercial real estate advisory * Cost & margin intelligence * Cybersecurity * Data analytics * Employee benefits consulting * ERP consulting * Finance & accounting solutions * Forensic accounting * Group benefits & brokerage services * International services * Investment banking * Real estate investment advisory * Restructuring & transformation * Risk management * Senior living development consulting * Strategy * Supply chain & operations consulting * Talent assessments & development * Technology consulting * Transaction advisory services * Valuation services Wealth Management * Business transition services * Estate planning * Family legacy * Family office services * Financial planning * Insurance * Investment advisory * Personal tax planning * TrustIndustries served
* Construction * Dealerships * Education * Energy * Financial services * Food & beverage * Franchise * Government * Healthcare * Insurance services * Life sciences & medical device * Manufacturing & distribution * Not-for-profit * Private equity * Professional services * Real estate * Restaurants * Retail * Technology companiesAffiliated services
* P&M Corporate Finance (PMCF) * Plante Moran Realpoint, formerly Plante Moran Cresa * Plante Moran Financial Advisors * Plante Moran Group Benefit Advisors * Plante Moran Insurance Agency * Plante Moran Living Forward * Plante Moran Realpoint Investment Advisors (PMRIA), formerly Plante Moran Real Estate Investment Advisors (REIA) * Plante Moran TrustReferences
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