In this challenging environment, Drummond Advisors was created to fulfill the needs of companies operating in both the Brazilian and U.S. markets. Founded in Boston in 2010, Drummond has seen significant growth and has served over 500 clients in Brazil and the U.S.
In order to deliver an exceptional level of high quality service, the consulting performed by Drummond Advisors presents a set of skills that differentiates us in the market, allowing greater efficiency, timeliness and promptness in service.
We mean to always work in partnership with our clients, ensuring their accounting, tax, legal and market needs are aligned to your goals, thus enabling sustainable financial decisions and successfully exits.
Drummond Advisors has a multidisciplinary team with experience and certifications to operate in the United States and Brazil. Our team has accountants, lawyers, managers and consultants with experience in international business. The qualifications of these professionals enables Drummond to have a broad and complete overview of the challenges involved in international transactions, including those relating to accounting standards (US GAAP vs. IFRS-International Standards), tax, legal and market analysis.
Bruno Drummond’s has expertise in Brazilian GAAP and US GAAP, IFRS to GAAP conversion, SEC reporting, due diligence, mergers & acquisitions, and the overall knowledge of the tax and financial regulatory environment in both jurisdictions which comes from years of experience working in both Brazil and the US. Native of Belo Horizonte, Bruno studied Business Management, Finance, and Accounting at the PUC of Minas Gerais, and subsequently pursued a career in public accounting.
Bruno Drummond also holds an undergraduate degree in finance, Masters of Accounting and pursuing a Master in Taxation from Suffolk University in Boston, MA
Michel is a licensed CPA in the state of New Hampshire and a Chartered Global Management Accountant. Michel joined our team at Drummond after working in Big 4 environment at E&Y. After leaving public accounting, Michael specialized in international accounting and tax consulting.
Michel de Amorim has developed an expertise in all procedures pertaining to financial processes, from evaluation and analysis, to controllership, to auditing, tracking data and communicating results and recommendations. Michel’s experience includes accounting and tax due diligences, SEC registrations, Sarbanes Oxley review and procedures according with Brazilian GAAP and US GAAP, including for public filers.
With more than 15 years of experience in the Brazilian and U.S. market, Michel has worked with clients in various industries such as technology, service, broadcasting, media and entertainment, construction, manufacturing, hospitality, airfreight and distribution.
Michel is a committee member for the Brazilian-American Chamber of Commerce of Florida in Broward County, FL and active member of the American Institute of CPAs (“AICPA”). Native of Rio De Janeiro, Michel holds a bachelor’s degree in Accounting from the Federal University of Rio de Janeiro.
Matt is a licensed CPA in the state of Massachusetts and California. Matt joined our team at Drummond Advisors after spending nearly 10 years in Big 4 environment at KPMG primarily in Silicon Valley, Sao Paulo, and Boston. Prior to joining KPMG, Matt worked in a very successful start-up, Zone Labs, Inc., that was acquired by Checkpoint for over $200M.
Matt Svetich’s expertise is with the venture capital practice in the software and technology sector. Matt has extensive experience working with both large public companies with market capitalizations above $1 billion as well as companies that are in the start-up environment looking to scale.
Matt has worked with US GAAP, IFRS, 20-F filers as well as with the PCAOB and SEC. Matt has also been a judge for the Harvard Business venture capital program and has served on the steering committee for the CFO Roundtable of Boston. Matt holds a Masters of Accounting Degree from Golden Gate University, a private liberal arts school in San Francisco, CA.
Pedro Drummond is an attorney licensed to practice law in Brazil and the U.S. – NY Bar.
He specializes in cross-border transactions involving Brazilian and American clients, including international mergers and acquisitions, international contracts, international securities offerings and the legal aspects of establishing legal entities in Brazil and the US.
Pedro started his career as a legal counsel for Brazilian Central Bank in the liquidation of distressed financial institutions. He has had professional experience in both Brazilian and American jurisdictions, advising clients on corporate and tax matters.
Before joining Drummond Advisors, Pedro was an associate at Skadden, Arps, one of the most prominent New York law firms, where he represented major Brazilian and American companies, such as Embraer, Bank of America Securities, Morgan Stanley, Citigroup Global Markets Inc., Natura Cosméticos, Votorantim Group, Credit Suisse and others.
He holds a Master’s Degree in Banking and Financial Law from Boston University, where he was awarded the A. John Serino Award for the best overall performance in the Class of 2007.
United States and Brazil
Our team of certified accountants in the United States and Brazil can assist your company with accounting, tax and financial reporting in both countries. Our team provides all the necessary internal information for better management of your business.
In addition to the monthly accounting packages, we also provide the following accounting services:
• Consolidation of Legal Entities
• Currency conversions
• Account reconciliations
• Projections and cash flows.
IFRS and US GAAP
Does your company subsidiaries need to report to the United States or countries working with international standards? Work with experts on US GAAP and IFRS (international) standards. Drummond has certified professionals in the United States and Brazil who speak your language.
Whether for internal purposes or requirements for financial institutions or investors, well written financial statements can open many doors. However, with the burden of the tasks of everyday life or the lack of expertise, it is common that some accounting departments are unable to prepare quality financial statements on time.
Drummond Advisors has highly qualified bilingual accountants to prepare financial statements according to Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards International.
Going public on a stock exchange or “Initial Public Offering” ( IPO), may represent the highest point of market recognition of a company. It is a level that few companies can get to and yet certainly only prepared companies remain at this stage.
In recent years, Drummond ‘s team participated actively in multiple IPOs in the United States in various stages of the process from the preparation of technical materials supporting financial statement positions to the creation of the Form S1 required for public filings; we have done it all and have for years.
Our experience is not just limited to public companies in the United States. In Brazil, our professionals have experience with large public companies companies on the Stock Exchange of São Paulo (Bovespa).
CFO and Interim Controller
Currently, the global market requires high professional competence. Drummond’s expertise in interim services enables us to guide your company in the Brazilian and United States markets. Our professionals have experience in both countries, strong understanding of cultural differences and the ability to manage those differences through language, policies, and mentoring.
As financial controller of a Brazilian company in the United States, What would you do if a key member of his team to abandon its position without notice or succession planning? And if you also did not know the language or the culture of the employees of the subsidiary ?
Situations like this happen often in Brazil and the United States. With such high amounts at stake , it is important to always be protected to avoid possible mishaps like this.
The opening and consolidation of a company in foreign markets present considerable risks. The professionals at Drummond have international scope to act as directors and / or interim controller for a certain period, providing senior-level guidance at risk.
Our geographical presence allows us to train employees and employees of companies in Brazil and its subsidiaries in the United States, ensuring, thus, more effective transmission of ideas and the company’s business policies.
• Mapping of operations and identification of tax savings opportunities and/or optimizing the tax burden on business
• Tax Guidance on mergers, acquisitions, divestitures and other corporate restructurings
• Identification of the best form of shareholder remuneration
• Guideline on transfer pricing plan based on the different methods allowed by regulations
• Create Strategies in conjunction with the Treasury to reduce exposure case in countries with devaluation risk
• Identification of initiatives to defer the recognition of profit subsidiary of Brazil in the United States (Sub Part F income)
• Strategies for recovery and disposal of tax paid in Brazil that can be credits in the Unites States
• Implementation of tax benefits, such as tax credits
For many companies, the United States and Brazil represents two big opportunities : access to a huge consumer market and potential investors. In this context, it is essential that the move is well planned, offering the right corporate structure to attract investors and enable the new activity. Drummond advises foreign companies in this challenge to help ease the burden of such into a highly competitive environment.
The team at Drummond has licensed attorneys in the United States and Brazil, allowing the Brazilian client is well represented in the negotiation and closing of the contract. The experience of the team to identify and minimize the problems usually involved in these international agreements.
Usually the most sought after visas are L-1 (transfer executives and managers ), H1- B (skilled worker) and EB- 5 (investor). For citizens with dual citizenship (Italian, Spanish and German, for example), you can also apply for a visa E-2.
Videos Coming Soon
Drummond Advisors develops practical guides with strategic information to help companies and investors access to the US market. These publications, developed together with Softex (Association for Promotion of Brazilian Software Excellence) and Amcham (American Chamber of Commerce for Brazil), aim to contribute to strength business ties between Brazil and the United States. You can proceed with the free download!
How to establish a company
in the US
How to understand and invest in the
Real Estate market in the US
How to understand immigration
and obtain visas to the US
*** No rendering of advice. The information contained herein is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, legal or financial advice from a professional accountant or lawyer as the case may be. Presentation of the information is not intended to create, and receipt does not constitute, an accountant-client or attorney-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant or lawyer as the case may be. Any U.S. federal tax advice contained herein is not intended to be used for the purpose of avoiding penalties under federal tax law.
201 Spear Street, Suite 1100
San Francisco, CA, 94105
Telephone: +1 (781) 770-0005
Fax: +1 (866) 550-6705
Rua Barão do Triunfo, 612, conj. 1309
São Paulo SP 04602-001 BRA
Telefone: +55 (11) 3567-4161
840 Summer Street, Suite 206
Boston, MA 02127
Telephone: +1 (781) 770-0005
Fax: +1 (866) 550-6705
Rua Benvinda de Carvalho, 239, conj. 303
Belo Horizonte, MG, 30330-180 BRA
Telephone: +55 (31) 2510-4440