Edward had moved from New York to West Palm Beach in 1955. He had graduated with a Bachelor of Business Administration (BBA) degree from the City College of New York (now known as Baruch College of the City University of New York).
He left a family business in Brooklyn and came to Florida, working as a controller for several local businesses, including Bev Smith Ford. When he saw what the CPAs were earning, he went back to school to take the remaining courses needed to sit for the CPA exam. He then worked one year as an apprentice, required under Florida law, for William Stockton, CPA. He was then able to get his license and strike out on his own.
He opened his firm, on the tenth floor of the Comeau Building on Clematis Street in West Palm Beach. He performed the typical services a sole practitioner does, but also developed a niche practice auditing labor unions and the trade associations that bargained with them (the Electricians Union and the Electrical Contractors Association, etc.).
In 1976, Edward, who was having some health problems, persuaded his son, Richard, to leave an international ("Big 8") firm in New York City and join him in Florida.
Richard did, and a year later, Rampell & Rampell, P.A. was formed (although there was some contention over whose name would come first!).
In 1978, Edward suffered a heart attack and tapered off his workload. He filled out his last time sheet in January of 1981.
As the construction industry suffered setbacks, Richard expanded the practice into other areas, including sophisticated tax planning, becoming Burt Reynolds' business manager, and undertaking complex forensic accounting engagements.
In 1987, chafing that Florida laws prevented competition amongst CPAs, Richard sued the State of Florida, challenging the non-encroachment laws that prohibited one CPA from soliciting a client of another CPA firm. He claimed that this restriction infringed on his rights of (commercial) free speech. The case went on until 1994, when both the Florida and U.S. Supreme Courts ruled in his favor. The New York Times called him a “folk hero.”
In the late 1990s, Douglas Resetar became a shareholder of the Firm and a few years later, William LaBranche also was admitted as a shareholder. In the meantime, the Firm continued to prosper and its reputation grew.
In 2004, Deborah Diaz, a renowned expert in non-profit and governmental auditing, joined the Firm as a principal and the Firm expanded substantially to include these types of clients as well.
In 2010, the Firm celebrated its 51st anniversary. There was a celebratory luncheon with Tom Brokaw as the guest speaker. Many of the Firm's clients, as well as local business owners, politicians, and news reporters attended.
Rampell & Rampell is constantly at the vanguard of the accounting profession. The Firm represents prominent individuals and businesses throughout the world, and is well-renowned for its work in all fields.
Rampell & Rampell is equipped to handle any kind of tax, consulting, and auditing work. Our clients span many industries, including real estate, finance, retail, professional service firms, individuals, trusts, estates, and more.