The longtime Hollywood business management firm Goldman & Knell is set to merge with rival Gelfand, Rennert & Feldman.
Terms of the deal, unveiled Wednesday by Focus Financial Partners, were not revealed. The Los Angeles-based boutique firm Goldman & Knell was founded by Alan Goldman in 1992 and expanded with Paul Knell joining in 1994 to grow and secure the assets of Hollywood clients.
Goldman & Knell, which offers international tax and accounting advice among other business management services, has a Hollywood clientele in the film, TV and music spaces that is understood to include Claire Danes, Hugh Dancy and Piers Morgan. That investments advice and planning for entertainment industry artists includes how to navigate recent Hollywood strikes and pandemic-era work stoppages.
The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. “Our main goal in finding a strategic partner is to ensure the continuity of our well-established and high-touch client service offering, while also gaining access to additional resources to help us better serve our clients into the future,” Alan Goldman, managing partner of Goldman & Knell, said in a statement.
Tyson Beem, CEO of Gelfand, Rennert & Feldman, added in another statement: “Alan and Paul have built an exceptional business. The client-first personalized service that the Goldman & Knell team provides their clients aligns well with GR&F. We are excited to have Goldman & Knell’s talented professionals join us.”
Gelfand, Rennert & Feldman, founded by the late Marshall Gelfand in 1967, has served A-list music clients like Neil Diamond, Bob Dylan, Peter, Paul & Mary, James Taylor and Carly Simon.