Robert Bracy
Redefining business management services for companies,professional athletes, entertainers, and executives by creating innovative financial & tax management strategies that deliver powerful, compliant & profitable results
Accounting and business management pioneer with 30 years of success creating personal wealth strategies for artists and entertainers with focus on maximizing revenues, ensuring compliance, and building long-term, sustainable wealth. Talent for leveraging operational strategies with entrepreneurial mindset to improve production efficiency, develop global talent, and deliver international projects, productions and events with minimal risk, 100% compliance, and the highest level of revenue attainable.
Deep expertise in financial accounting strengthened by intellectual curiosity and forged in real-world experience, providing realistic financial, tax, and accounting solutions for corporations, artists, producers, entertainers, and high-net-worth executives.
• Portfolio Strategy & Transformation • Business & Tour Management • Business Planning & Structuring
• Government Compliance – SEC 10-K • Tax, Production & Tour Accounting • Retirement & Estate Planning
• Team Building, Mentoring & Leadership • Audit Planning and Performance
AREAS OF EMPHASIS
Pinnacle Business Management, Inc., New York, NY
President/CEO ▪ 2001 to Present
Built mid-size accounting firm with 2 employees into national business management and accounting organization specializing in business management services for companies, professional athletes and executives across the entertainment industry. Currently oversee an organization of account Managers, Senior Accountants, and CPAs with clients recognized as some of the best artists, entertainers, and professional athletes in the industry. Guide and support clients during international tours and events, financial reporting, investments, cash flow management, retirement planning, tax management, and contract negotiations.
EXPERIENCE HIGHLIGHTS
Leadership – Financial & Teams
• Oversee both NY and LA offices for mid-size accounting firm.
• Manage operations and logistics for groups of 50 to 100 support staff during international tours; review every resume, from attorneys, Engineers, Insurance Brokers, Bookkeepers and additional personnel to mitigate risk.
• Built brand for up-and-coming boxer including successful negotiation of Pay-per-View contracts and renegotiation of existing management contract and leveraged industry contacts to grow from $1M average fight pay to over $100M .
• Spearheaded change in boxing industry model resulting in clients sharing income from all revenue streams.
Financial Management – Accounting & Tax
• Manage complex, cross-border financial transactions requiring strong understanding of FASB GAAP, and IFRS.
• Able to hedge global economics, cultural dynamics, currency fluctuations and politics to deliver optimal results.
• Delivered $100M in revenue for single client under management by understanding ideology of how to manage finances and hedge against risk.
• Built client wealth from $100M to over $1B through advisement on everything From Capital acquisitions, Fixed Asset Structuring to retirement planning, tax filing and innovative investment allocation.
Project Management – International Tours, Major Events & Productions
• Direct cross-functional operations for 4-6 simultaneous global projects through hands-on PM leadership.
• Oversee lifecycle projects generating $10M to $15M per weekend.
• Manage tours across China, Africa, Europe & S. America with 100% on-time and within-budget delivery.
• Rescued major artist during European tour; negotiated new contracts with Sony, increased revenue by $21M, and returned project to original timeline and schedule.
Human Resources – Team Leadership, Management & Training
• Manage monthly event and production payrolls of $10M+.
• Source, recruit, hire, and train all employees and perform due diligence to manage risk.
• Oversee multi-state payroll tax filing and taxation compliance.
• Designed internal payroll system to manage volume, direct deposit, reporting, and benefits.
Goldman, Lichtenberg, Wasserman & Grossman, Inc., Los Angeles, CA
Controller ▪ 1988 to 2000
Served as Corporate Controller for prominent Entertainment Accounting firm managing monthly financial accounting cycles for industry clients with high net worth, complex investments, and international tax obligations.
Established the foundation for success during prior role as Corporate Staff SEC Accountant
for Wyle Labs, Inc., El Segundo, CA,
large publicly traded aerospace company.
EDUCATION & CREDENTIALS
Rutgers University Graduate School of Business
Master of Business Administration (MBA)
Concentration in Global Finance and Management
University of Maryland
Bachelor of Science in Accounting
Certified Public Accountant (CPA) | NJ #01593573 (pending)
PROFESSIONAL MEMBERSHIP
American Institute of Certified Public Accountants
Mothers Against Drunk Driving, California Chapter – Former Treasurer and Board Member
Executive Leader
— Business & Management Director, Innovator & Financial Strategist —
Established Mid-Size Entertainment Accounting firm
Successful collaboration with Live Nation, HBO, Sony Music, Atlantic Records, MTV, and VH1
Managed multimillion-dollar projects for over 25years absent any risk exposure and with zero compliance issues