Grant Thornton, a Chicago accounting firm, has acquired Financial Special Services, a company that provides automated estate-accounting services to banks and law firms.
FSS, with 30 employees in Jersey City, uses a proprietary computer program to prepare estate and trust accountings. It's clients include Bank of New York, Chase Manhattan, Citicorp, and Chemical Bank.
Offices Throughout U.S.
FSS will become a division of Grant Thornton, which has 50 offices in the United States.
The company's services will fit in nicely with Grant Thornton's tax consulting, litigation support, and loan review services, said Domenick J. Esposito, a managing partner for Grant Thornton.
All senior managers of FSS will remain with the firm, according to Grant Thornton.