Passion in Palo Alto
Frank, Rimerman + Co. LLP specializes in providing accounting
services to clients considered to be leaders in their industries.
This includes many pioneers in Silicon Valley, and according to
Frank Rimerman, the firm embodies these pioneers' "same
entrepreneurial spirit." The firm, whose motto is "passion
works here," has offices in San Jose, San Francisco, Palo Alto, and
St. Helena, Calif., as well as a satellite office in New York City.
Tax planning services make up the biggest chunk of the firm's
earnings, bringing in about 60 percent of its $70 million in
revenues; audit and assurance made up approximately 30 percent,
while advisory and other services contributed about 10 percent.
Most of Frank, Rimerman's corporate clients are involved in real
estate, professional services, venture capital, distribution, and
agriculture. Thanks to its presence in Silicon Valley, the
firm also counts tech startups and venture-backed, growing
companies among its clients.
The firm's roots go back to 1949 when a pair of Franks-Frank
Rimerman and Robert Frank-founded the firm. When Rimerman retired,
his son Thomas took over as managing partner. In 2000, Tom
Rimerman stepped down and Bryan Polster took the reins. In
2014, Polster was succeeded by Brian M. Kreischer, who, in addition
to being managing partner of the firm, is a member of the
international board of directors for Baker Tilly International, and
past chair of the AICPA National Advanced Accounting and Auditing
Technical Symposium Planning Committee, and past chair of the
Finance Committee for the Palo Alto Art Center
Frank, Rimerman has three subsidiaries. Frank, Rimerman
Consulting stays busy in Silicon Valley, offering technology
consulting services to fast-growth companies. Frank, Rimerman
Advisors LLC serves affluent individuals, offering customized
financial advice and investment management services. And since
Northern California is synonymous with the fruit of the vine,
Frank, Rimerman operates a wine business services practice,
providing CPA services, market research, and business and financial
advisory to premium wineries throughout the country.