Alvarez & Marsal

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Third-Party Fiduciary Services

Alvarez & Marsal (A&M) provides third-party fiduciary oversight and funds management services for government organizations. Our seasoned professionals are highly knowledgeable about federal grant laws and regulations, and our deep expertise in accounting, financial management and underlying IT capabilities enable us to administer federal grant awards correctly.

A&M was the first turnaround and restructuring firm to ever be selected to run an entire public school district in the U.S. Serving as third-party fiduciary agents, operations managers, finance managers, facilitators and implementers, A&M's proven ability to forge consensus among diverse organizations' stakeholders has maximized value for a significant number of government organizations, including, but not limited to the U.S. Virgin Islands, Government of Guam, New Orleans Public Schools and St. Louis Public Schools.

In these cases, our professionals have been selected to assume financial management responsibility over all grant funding, working closely with the grantee to ensure that the proper processes and resources are in place to effectively manage grant funds in accordance with federal laws and regulations, while promoting increased transparency around grant expenditures.

A&M can also provide process tools such as an integrated, computerized procurement, accounting and inventory tracking system. One specific advantage of this integrated approach are the system’s built in cross checks, transfer of information and sophisticated controls which prevent each organizational unit from exceeding the approved budget.

Our Services:

• Accounting Control and Compliance
• Risk Management and Mitigation Strategies
• Internal Management Controls
• Financial Reporting, Planning and Analysis
• Cash Management
• Payroll Audits
• Grants Management
• Procurement and Inventory Optimization
• Interim Management Roles