Hi! Any insights on the integrated partnership solutions group at KMPG? Considering it. Also how different is it from the senior in asset management? I am looking at both job descriptions, they are pretty similar. I am hoping to talk to someone who has insights on these 2 groups under tax. Thank you!

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Integrated partnership solutions (IPS) is operating partnerships. A lot of activity at the entity level, many m-adjustments, many teams at KPMG collaborating together on big clients (AMCS helping with UNICAP & 174, International teams helping with 5471s and 8858s, SALT teams helping file in every state, etc), and complex transactions that require big 743(b) and 704(c) calcs. Asset management is mainly fund to fund private equity. So not a lot of entity level activity and a lot more pass through investment activity. Asset management is also hedge funds and real estate. Hopefully that helps explain the difference.

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Okay great. So I talked to the recruiter and got more insights. I enjoyed doing PE work so I think I’m more interested in the wealth and asset management one. Now it seems like there are several openings under the same WAM group but 1 is under a national client, I would essentially be only on that 1 big PE client. Does this mean more work? Honestly not trying to be on many clients, I enjoy staying busy on 1 but would love insights on work life balance etc

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