The firm that focuses on the US and UK private client market revealed that the transition took place on 4 February 2020.
Frank Hirth said it has established a “leading team” of US business/corporate tax advisors in New York over the past 10 years.
Additionally, the transition to REM will enable the business team to “bring their experience and expertise to the extensive REM client base whilst providing greater opportunities for development and expansion”.
The firm added that REM’s understanding of US accounting firms and its history of “strategic acquisitions that enhance the client experience and retain staff” were “key factors” in its decision.
REM and Frank Hirth have a long-standing close relationship and the respective leadership teams said they are “excited” to explore how this transaction can strengthen and deepen this.
Frank Hirth said: “Our two firms share common values and goals and both have been focussed on putting clients first for over 40 years.
“The firm’s focus remains on driving that growth further, exploring ways to access new markets whilst giving its people a balanced and healthy working experience. Frank Hirth will retain offices in New York, but this deal will enable us to focus on our core business of international private client work.”