RSM US LLP
|RSM US LLP|
|Key People||Rob Donaldson, CEO|
|Products||Audit, tax and consulting services|
RSM US is a leading U.S. provider of assurance, tax and business consulting services focused on the middle markets, formed by the merger of McGladrey & Pullen and RSM McGladrey in 2011. After the merger was completed in 2012 the company operated under the name McGladrey LLP, but in October 2015 the firm adopted RSM as a common brand name, uniting with fellow firms of RSM International.
RSM US is a licensed CPA firm, and is a member of RSM International, the seventh largest global network of independent accounting, tax and consulting firms. RSM International employs more than 38,300 people in over 120 countries.
RSM US has 86 locations in the U.S. and more than 9000 employees, and is headquartered in Chicago.
RSM's history goes back to 1926, when Ira B. McGladrey formed an accounting firm in Cedar Rapids, Iowa. When he purchased a seven-person office from his employers, Billings, Prouty and Tompkins, The I.B. McGladrey Company was created. Soon after, he added one-man practices in Davenport, Burlington and Iowa City, Iowa. After 10 years, George Hansen and Keith Dunn were admitted as partners, leading the firm to change its name to McGladrey, Hansen, Dunn & Company in 1937. Ira McGladrey was active in the firm until his death in 1952.
Over the next 40 years, the firm started 29 other offices in eight states. In 1966, the company added consulting services.
In November 1978, the firm merged with Broeker Hendrickson & Co. to become McGladrey Hendrickson & Company, headquartered in Minneapolis, MN, with 16 offices in five states, solidifying it's Midwestern presence.
Six years later, the firm merged with A.M. Pullen and Company, based in North Carolina and changed its name to McGladrey & Pullen in 1987. The acquisition represented McGladrey's expansion on the East Coast.
In the summer of 1999, McGladrey & Pullen sold its non-attest assets and business to H&R Block, Inc. RSM McGladrey Inc. was created as an indirect wholly-owned subsidiary of the Block organization. To ensure independence, McGladrey & Pullen was maintained as a separate entity offering audit and attest services.
In 2011, McGladrey & Pullen bought back RSM McGladrey from H&R Block, reuniting the two firms. Then in 2012, the firm changed its name to simply McGladrey LLP to reflect the reformed structure. The name changes continued in 2015, when McGladrey became simply RSM US.
RSM hit a crisis in December 2019 when its senior management stepped down after discovering its accounts had been misstated by £10 million over two years, affecting net profits by £2.2 million. In April of 2020, RSM appointed a new chief executive, Rob Donaldson, after a heated annual meeting that lasted nine hours as its shareholders disagreed about who should take over.
Products and Services
RSM offers assurance, tax, consulting, wealth management, and international business services.
- Rob Donaldson - CEO
- McGladrey to Strengthen Market Position by Adopting RSM as Global Brand Name. McGladrey LLP.
- McGladrey & Pullen, LLP Becomes McGladrey LLP. McGladrey LLP.
- McGladrey Changes Its Name to RSM in Global Branding Initiative. PR Newswire.
- McGladrey moves HQ to Chicago, plans to add 300-500 jobs. Chicago Suntimes.
- History. RSM McGladrey.
- RSM appoints new chief following shareholder coup. The Financial Times.