Richter LLP

Richter LLP is one of the largest independent business advisory and family office firms in Canada. The firm offers wealth management and family office advisory, along with accounting, tax and business consulting, primarily to business families, entrepreneurs, investors and advisors. Headquartered in Montreal, with additional offices in Toronto and Chicago, it includes 60 partners and 500 employees. Its Montreal office is located at 1981 McGill College, which is now known as Richter Tower.

Richter LLP
Founded1926
HeadquartersRichter Tower,
Montreal
,
Canada
Number of locations
3 - Montreal, Toronto, Chicago
ServicesAudit & Assurance
Crisis Management
Enterprise Services
Family & Wealth Management
Initial Public Offering
Indigenous Advisory
Performance Improvement & Innovation
Risk Management
Taxation
Succession Planning
Valuation, Litigation & Transactions
Number of employees
500
Websitewww.richter.ca

In 2014, The Bottom Line magazine listed Richter as the ninth-largest accounting services firm in Canada.[1] The Financial Post also listed Richter in its annual listing of the Top 500 companies in Canada in 2010 (FP500).[2] In 2019, Richter ranked amongst the 500 most important companies in Quebec,[3] according to Les Affaires.

The firm has been named one of Canada's Top Employers for Young People four times since 2010; one of Montreal's Top Employers,[4] a regional award for Canada's Top 100 Employers, eleven times since 2008,[5] as well as one of "Canada's Top Small and Medium Employers" in 2014, 2015 and 2019.[6] It was also selected as a Regional Winner, Quebec and Atlantic Canada, for Canada's 10 Most Admired Corporate Cultures in 2010.

Services and Industries

Beyond accounting work, Richter specializes in wealth management, tax, internal audit, risk management and advisory services, cybersecurity, business valuation, litigation support and forensic accounting, insolvency and restructuring, enterprise support, First Nations and Aboriginal advisory services, and estate planning.

Richter Family Office is Richter’s family advisory team and is one of Canada’s largest multi-family offices. Richter Family Office was established in 2001.

Between its offices in Montreal and Toronto, Richter specializes in multi-generational advisory to private business owners, executives and business families. The firm serves a variety of industries, including the innovation and technology sector, manufacturing and distribution, real estate and construction, and retail.

History

In 1926, Cecil Usher, a young graduate of McGill University, joined his friend, William Richter, to form an accounting practice in downtown Montréal. The firm has grown substantially in the years since; 2016 marked the firm's 90th anniversary.

Like any business in operation for almost a century, Richter has greatly evolved over the years. Its history can be measured by a number of important milestones:

  • 1926: The firm was founded in Montreal, Canada. Its first corporate name was Richter, Usher & Vineberg. This changed a number of times over the years, eventually becoming Richter LLP in 2012.
  • 1962: Richter became the first independent accounting firm to sign a prospectus for a public offering in Canada.
  • 1971: Richter opened Richter & Partners, the firm's insolvency and corporate restructuring division.
  • 1990: The Richter Charitable Foundation was created and has since given almost $500,000/year to worthy causes and organizations in Canada.
  • 1998: Richter Consulting Inc. – the financial restructuring division for US companies – launches in the US, with an office in Chicago, IL.
  • 2001: Richter Wealth Management Inc. is founded – known today as Richter Family Office.
  • 2003: The firm joined RSM International (RSMi), the 6th largest network of independent accounting and consulting firms in the world.
  • 2009: The firm Chamberland Hodge joined Richter, which then became RSM Richter Chamberland.
  • 2012: The firm adopted a fresh image with a renewed branding, a reaffirmed personality and a simplified corporate name: Richter LLP.
  • 2013: SBLR, a Toronto firm, joined Richter.
  • 2013: The firm left RSM International.[7]
  • 2014: Richter opened a second Toronto office, this one focusing on restructuring and insolvency, risk management, security, and tax and transfer pricing.
  • 2016: Richter celebrated its 90th anniversary. The same year, the Toronto offices moved into its new location on Bay Street.
  • 2018: The Richter app is launched – the Richter app acts as a virtual family office, helping its’ users via features that include: organizational charts and family structures which can be updated in real time and set with specific permissions so only certain family members/advisors can see certain information; dashboards and key performance indicators of current financial pictures; a secure virtual vault for all notable documents including wills and shareholder agreements; as well as a financial calendar to schedule meetings and key dates or deadlines.
  • 2019: 1981 McGill College becomes known as Richter Tower.

References

Notes
  1. "Canada's Accounting Top 30" (PDF).
  2. "Rankings | FP500 | News | Financial Post". www.financialpost.com. Retrieved 2019-06-07.
  3. "500 most important companies in Quebec". https://www.lesaffaires.com/classements/les-500-plus-grandes-societes-au-quebec-2019/liste?oft_id=45617514&oft_k=gcEcc2W8&oft_lk=lXROlT&oft_d=636945723413400000&fpid=708390&m32_fp_id=6cfhyn&ctx=newsletter&m32_fp_ctx=DI_MASTER_Relational. Retrieved 2019-06-07. External link in |website= (help)
  4. "Montreal's Top Employers". www.canadastop100.com/montreal/. Retrieved 2019-06-07.
  5. "Awards and recognition". Richter. Retrieved 2020-02-12.
  6. "Canada's Top 100". http://www.canadastop100.com/sme/. Retrieved 2019-06-07. External link in |website= (help)
  7. http://business.financialpost.com/uncategorized/rsm-richter-to-join-ernst-young
  8. The Bottom Line. April 2011
  9. The Gazette (Montreal). October 20, 2008
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