Cherry Bekaert Achieves Top 5 Hedge Fund Auditor Ranking Following Acquisition of Spicer Jeffries LLP

RALEIGH, N.C., June 13, 2025 /PRNewswire/ -- Cherry Bekaert (the Firm) is pleased to announce its inclusion on Hedge Fund Alert's 2025 list of Top Hedge Fund Auditors. This distinguished list ranks the top CPA firms by the number of SEC-registered hedge funds audited. Following the recent acquisition of the business of Spicer Jeffries LLP, Cherry Bekaert is now ranked first among middle-market accounting firms.

Spicer Jeffries LLP has been a perennial top 10 hedge fund auditor for over a decade, and its knowledge and reputation in the securities industry have significantly contributed to this achievement. This is Cherry Bekaert's first entry on the list of top 20 U.S. hedge fund auditors, marking a significant milestone in the Firm's history.

Sean Tafaro, an Assurance Partner specializing in serving hedge fund and other asset management clients, remarked, "Being acknowledged fifth behind only 'Big Four' firms is an unprecedented achievement for the Firm, reflecting the new, powerful synergy between Cherry Bekaert and Spicer Jeffries. Our combined asset management industry team is energized by the opportunities this acquisition unlocks with additional premier resources and dedicated professionals."

Scott Moss, Partner and Financial Services Industry Leader at Cherry Bekaert Advisory LLC, further commented, "This ranking is a testament to the combined experience of Cherry Bekaert and Spicer Jeffries. Our commitment to providing exceptional audit, tax and advisory services to the securities industry has never been stronger. We are excited about the opportunities this acquisition brings and look forward to continuing to serve our clients with the highest level of professionalism and dedication."

Cherry Bekaert's Asset Management practice is dedicated to serving the needs of the securities industry, offering a comprehensive range of services designed to meet the unique challenges faced by investment funds, regardless of size or maturity. Its team of experienced professionals is committed to delivering innovative solutions and insights that drive value for our clients.

To view the 2025 list of Top Auditors of Hedge Funds, visit the Hedge Fund Alert website.

As is typical for firms that operate in alternative practice structures, the acquisition consists of two transactions: Cherry Bekaert Advisory LLC acquired Spicer Jeffries LLP's non-attest assets while Cherry Bekaert LLP will acquire Spicer Jeffries LLP's attest assets.

About Cherry Bekaert
Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients' industries and work collaboratively to create shared success. For more details, visit cbh.com/disclosure.

Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at cbh.com and follow us on LinkedIn, Facebook, X or Instagram.

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