Spotlight On: Jon Tomberlin, Managing Partner Atlanta, Forvis Mazars
July 2024 — Jon Tomberlin, Atlanta managing partner for Forvis Mazars, sat down with Focus: to discuss the growth elements factoring into the firm’s recent history, priorities looking ahead as a new global network enters the mix, how the firm is interpreting and meeting client needs as they face their own challenges, and more.
What highlights and achievements defined the firm’s operations in the past year?
The biggest achievement is that we are no longer FORVIS. We are Forvis Mazars, LLP. The firm has seen a tremendous amount of momentum. Last year our revenues grew by about 9%. That put us at around $2 billion for our FY24. We were also able to grow our headcount by another 10%. We see this as different from what the rest of the industry is experiencing. We are noticing consolidation and cutbacks in the industry, but that has certainly not been our experience. We have solidified our standing as a Top 10 firm in the United States and created a new global network internationally. The global network will have a massive positive impact for our Atlanta-based office and clients.
With the international companies in Atlanta and how pro-business the state is, the network we have just created offers us the opportunity to have greater international support and expertise. The Forvis Mazars network will allow us to serve clients in new ways here in the Atlanta market.
How is your office tailoring its approach to meet the unique needs of diverse sectors?
We go to market based on industry groups. They are national industry groups, so we can pull resources from across our firm and global network to be able to satisfy the needs of our clients in these industries, whether it is in financial services, commercial real estate, technology or private equity, to name a few. That means we have the resources and expertise to compete with any of the firms out there and make sure our clients’ needs are met while providing an unmatched client experience. We are really excited about what that offers us from a global perspective. Our firm has more than 70 offices across the country in the U.S. and the network operates in more than 100 countries.
How do client needs impact your strategic approach to the delivery of services or operations?
We are addressing clients’ challenges in a few different ways. When we think about the war for talent and being able to attract people to perform the services we offer, it is a challenge. From a staffing standpoint, we are continuing to invest in the best and brightest out there. Some of our competitors may be making cuts and experiencing slowdowns, but we continue to hire and hit campuses to recruit very hard. We want to be able to bring in new talent and go after some of the subject matter experts who may be at other firms or in other locations. We are doing everything we can to be able to grow our talented teams as we go to market. Additionally, we are evaluating how to make sure we are up to speed on the technologies that are out there, such as AI, and ensuring we are able to use them in an efficient manner while protecting our clients’ data. The information that is being used has to be secured. We also are focused on our clients’ challenges, be it with people, inflation or interest rates. We are always listening to our clients’ needs, helping them look ahead to what’s next, and seeing ways we can serve and advise them better. The significant, equal growth we’ve seen in our audit, tax and consulting service lines speaks to the balanced approach we take in serving our clients.
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What are your key priorities for the next two to three years, and what are your priorities for Forvis Mazars?
There are some great opportunities looking ahead. In Atlanta, a top priority is investing in our people and continuing to grow our resources in this market. We believe that through the 2022 merger that created Forvis and now the creation of our global network with Mazars, there is tremendous opportunity for us to continue to grow with our clients in Atlanta in multiple areas and industries. We certainly have a lot of opportunities in commercial real estate in Atlanta, as well as in private equity, manufacturing of commercial products, and the financial services industries. With our global network, we will see growth from the international companies Mazars works with and we will help perform those operations here. The same is true for us with companies we have been working with in Atlanta that have operations overseas. We will see tremendous growth in opportunities in this area.
The other thing is that for us to really magnify the capabilities associated with our global network, we need to continue to optimize our policies, procedures and operational elements with our teams. That’s extremely important. We know from experience that if we take care of our people, they will take care of our clients and help them meet the challenges they face. That is at the core of what we do, and we feel like there is tremendous opportunity for us to be able to grow with our people and our clients for the next several years.
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