Matt Bradvica did not grow up aspiring to become an accountant. His eventual profession really came about by default.
“I intended to major in marketing at the University of Redlands, but the program was dropped,” he recalled. “My brother had studied accounting and it seemed like a reasonable career path at the time, so I made that my major instead.”
Reasonable indeed. Bradvica went onto to get a bachelor's degree in accounting, as well as master's degree in taxation from San Diego State University, and is now partner/managing director of McGladrey, a professional services firm providing accounting, tax and consulting services.
Bradvica honed his skills early on, working in the accounting department of his father's manufacturing company during college. After graduating, he joined McGladrey's Minneapolis office, and has been steadily climbing the ranks at the firm ever since.
Heading up the San Diego office, Bradvica oversees 80 employees and focuses on tax issues, including mergers and acquisitions, corporate restructuring and tax incentives.
“I guess you could say tax is my trade,” said Bradvica, who particularly enjoys making a positive impact on a business's bottom line by helping minimize and defer taxes “so a business can generate more cash flow to reinvest and grow.”
In his practice, Bradvica concentrates on middle-market companies and their owners, with clients ranging from $10 million to $250 million in revenues.
RSM McGladrey, together with its assurance partner McGladrey & Pullen LLP, has combined revenues of more than $1.5 billion, ranks as the United State's fifth largest provider of assurance, tax and consulting services, and is located in 80 countries with 90 U.S. offices.
Operating jointly under the McGladrey brand, the firms recently realigned, emerging with a national, industry focused approach. While the restructuring maintains the close relationships local teams have fostered, it provides clients in a wide spectrum of industries with more access to national expertise and resources.
By unifying the firm's structure and nationalizing the business, this internal reorganization enables the company to “be more nimble and market focused,” he explained. To that end, “we can more effectively service our clients with specific industry expertise -- from technology to food and beverage to gaming.”
In today's erratic economy, successfully servicing a diverse client base is more important than ever. In fact, while the tax side of Bradvica's business is still robust, the accounting industry has taken a hit on other fronts.
“What has hurt the entire profession is the downturn in transactions,” he said. “The peak of private equity buying was three years ago, and as credit markets dried up, the deals simply stopped.”
On a more positive note, “we are keenly focused on partnering with our clients in good times and in bad,” he said. “This is not a short-term business, and we are always thinking ahead -- providing value and tax saving ideas that keep our clients coming back.”