McGladrey & Pullen's Investment Company Services Group Acquired By PWC
The Investment Company Services Group of McGladrey & Pullen, the 7th largest accounting firm in the US, has been acquired by PriceWaterhouseCoopers, effective today. Last week, McGladrey finalized arrangements for all of its non-attest assets to be acquired by H&R Block.
H&R Block agreed to the sale of the Investment division because it eliminates some of the auditor independence issues that the earlier acquisition may have raised.
The Investment Company Services Group services over 200 mutual funds totalling more than $100 billion in assets.