Frequently Asked Questions

What services does the firm provide?

The firm serves business and individual clients with a comprehensive approach to financial management, offering a broad range of financial services:

  • business advisory services
  • succession planning and business valuations
  • consulting for acquisitions and financing
  • captive insurance consultation and auditing
  • personal wealth planning
  • traditional auditing and tax services

What are examples of the types of clients the firm represents?

  • Individuals
  • Industry
  • General and mechanical contractors
  • Real estate developers and agencies
  • Professional service firms
  • Medical and dental practices
  • Non-profits
  • Retail
  • Restaurants
  • Distribution and logistics firms

What sets Jarrard, Nowell & Russell apart from traditional accounting firms?

In contrast to many accountants experienced solely in financial reporting and tax preparation, the principals in the firm are able to draw on their collective experience in public accounting and senior level corporate financial management. Additionally, a commitment to personal relationships and a comprehensive approach to financial management allows the firm to work with clients to manage all aspects of their financial equation. By looking at individual profiles and delving beyond basic financial reporting, Jarrard, Nowell & Russell guides clients toward achieving their financial goals.

How can Jarrard, Nowell & Russell assist clients with personal wealth planning?

The principals in Jarrard, Nowell & Russell work closely with clients and their financial advisors in developing strategies for lifetime accumulation of wealth. As needed, Jarrard, Nowell & Russell can draw on existing relationships with financial advisors to guide clients toward an advisor most appropriate for the individual goals and profile.

How can a CPA firm help a business grow?

Many new businesses do not have the expertise or time to fully oversee financial management in-house. Jarrard, Nowell & Russell is able to act as a CFO for businesses as they grow and develop.

What steps does Jarrard, Nowell & Russell take to aid clients with acquisitions and financing?

The principals in Jarrard, Nowell & Russell guide clients through a proven method and established process that include selecting an attorney and banker, modeling for financial purposes and determining a reasonable purchase price. The firm maintains close working relationships with area attorneys and financial advisors. These relationships facilitate the process and ease the transition.

What is Captive Insurance?

It is an insurance company owned by the insured to cover their own risk, either due to market pressures such as high prices or lack of coverage, or to provide coverage not available in the commercial market. It is a strategic risk management tool used to control the cost of insurance, and although it may not always lower costs, it does control them. Most Fortune 500 companies have a captive which provides insurance coverage, and it is becoming an increasingly popular tool in areas such as the medical field due to the increasing costs of medical malpractice.

Captives are operated under a different regulatory system than commercial insurers. Under South Carolina law every captive is required to have an annual audit. Companies considering captive insurance often seek initial consulting regarding the feasibility of a captive, undertaking the setup process and choosing the various required service providers. The principals of Jarrard, Nowell & Russell have experience in captive audits and consultation.

Does the firm handle traditional bookkeeping?

Yes. Jarrard, Nowell & Russell offers all of the tools necessary for financial management in an organization, from monthly bookkeeping to long-range financial planning.

What is the background of the partners?

Will Russell and Chris Nowell both earned a bachelor of science in accounting from Clemson University. Bill Jarrard earned a bachelor of science in accounting from the University of South Carolina and a masters in accounting with emphasis in tax from Clemson University. Derrick Apple earned a bachelor’s degree in accounting from Charleston Southern University and a master’s degree in accounting from the College of Charleston.

All members of the management team are Certified Public Accountants.

Examples of the types of business climates in which the principals have experience include the following:

International and domestic wholesale distribution
Retail – on-site, catalog and internet
Import/export
Foreign currency exchange
Grocery
Professional service firms
Mergers and acquisitions
Cash flow forecasting
Public accounting – including work with Big Four accounting firms

How is client information protected?

Jarrard, Nowell & Russell is committed to technology, and we take client security seriously. Safeguards are in place within all our offices and electronically to fully protect client information. We utilize two factor authentication and the latest in encryption technology to fully protect our data.

Where is the firm located?

The offices are located at 975 Morrison Drive in the city of Charleston, 2171 Ashley Phosphate Road Suite B in North Charleston, 114 North Highway 52 in Moncks Corner and 210 South Cedar Street in town of Summerville. The phone number is 843-723-2768.