Updated:
Fiondella, Milone & LaSaracina
Fiondella, Milone & LaSaracina is a Connecticut-based CPA and advisory firm with a transaction services practice serving fund managers and family offices.
Fiondella, Milone & LaSaracina
Founded by the three namesake partners, Fiondella, Milone & LaSaracina operates as a multidisciplinary accounting and advisory firm headquartered in Glastonbury, Connecticut. The firm has grown from a local practice into a regional platform with additional offices in Stamford, New Haven, Avon, and Enfield. Its partnership list includes over two dozen CPAs, anchored by the founding trio and partners like Kevin Donovan, Brian Kelleher, and Bill Claffey. FML's service model spans assurance and advisory, business consulting, outsourced finance and accounting, tax services for businesses, and transaction services. The transaction services line signals capability in deal-related accounting — quality of earnings, due diligence support, and structuring — which serves private equity sponsors, venture capital firms, and family offices executing acquisitions or divestitures. The outsourced finance and accounting practice offers fund administration and controller-level support for investment vehicles that lack in-house infrastructure. The firm's Connecticut footprint gives it proximity to the hedge fund and private equity community concentrated in Fairfield County and the New York metro corridor. FML announced the promotion of Vinny Fanelli and James Goldkamp to partner in 2026, expanding the partnership's depth. The firm also flagged that federal and state laws expanded R&D tax benefits for Connecticut businesses in 2026, reflecting an active tax-credit practice geared toward operating companies and their investors. The professional roster includes CPAs with credentials in fraud examination (CFE), chartered global management accounting (CGMA), and a masters in taxation (MST), indicating technical specialization beyond general accounting. FML's structural differentiator is its combination of a transaction services practice with outsourced CFO and fund-administration capabilities — a bundle that lets investment firms use a single provider for deal diligence, portfolio-company accounting, and fund-level tax compliance. This integrated model, delivered from a regional firm rather than a Big Four auditor, creates a cost-competitive alternative for lower-middle-market funds and family offices that still require sophisticated deal and fund accounting support.
General information
Firm type
Fund Administrator
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Glastonbury
Corporate office
300 Winding Brook Drive, Glastonbury, CT 06033, United States
Additional offices
Stamford, CT · New Haven, CT · Avon, CT · Enfield, CT
Principals
Jeff Fiondella
Partner
Frank Milone
Partner
Lisa LaSaracina Willauer
Partner
Frequently asked questions
Does FML administer investment funds directly?
FML offers outsourced finance and accounting services, which typically includes fund administration, financial reporting, and back-office support for investment vehicles. The firm does not publicly break out assets under administration. Its client base includes businesses and investors across its five Connecticut offices, with particular depth in tax and transaction advisory.
What transaction services does FML provide to fund managers?
FML's transaction services practice handles deal-advisory work such as financial due diligence, quality of earnings analysis, deal structuring, and post-close accounting integration. This sits alongside its assurance, tax, and outsourced finance practices, giving fund managers a single point of contact from pre-deal diligence through portfolio-company compliance.
Who leads the transaction services and fund-advisory practice at FML?
The firm does not publicly designate a single lead for transaction services on its website. The partnership is led by Jeff Fiondella, Frank Milone, and Lisa LaSaracina Willauer, supported by partners including Kevin Donovan and Brian Kelleher. Specific engagement leadership is assigned based on client needs and partner specialization.
How does FML's R&D tax credit work benefit venture-backed companies?
FML highlighted expanded federal and state R&D tax benefits for Connecticut businesses in 2026. For venture-backed operating companies, these credits can reduce burn rate and extend runway. FML's tax team, which includes CPAs with a masters in taxation, guides companies through the qualification and documentation process.
Is FML a viable alternative to Big Four firms for fund administration?
FML offers audit, tax, outsourced finance, and transaction support from a regional partnership with national experience. Its model appeals to lower-middle-market funds and family offices that want Big Four-caliber technical work at a fee structure that aligns with smaller fund economics, without layered service teams. Its Stamford office places it within commuting distance of many Fairfield County fund managers.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: