Beneficient Announces Weaver & Tidwell, L.L.P. as Independent Auditor

DALLAS— May 13, 2022 — Beneficient is pleased to announce that it has hired the well-known and respected auditing firm, Weaver & Tidwell, L.L.P., as its new independent auditor. Headquartered in Houston and with offices throughout Texas and the U.S., Weaver provides audit and tax services to over 1,000 financial firms, with services ranging from financial audits, compilations, reviews, and more.

As a newly independent and privately held company following its separation from its former, publicly traded parent company in November 2021, Ben needed to hire an independent auditing firm to audit its financial statements. Ben executed an expansive and thorough request for proposal process over the course of several months before deciding that Weaver was the best candidate to be Ben’s independent auditor.

Weaver currently employs more than 800 professionals serving more than 700 financial firms, with a primary focus on serving investment companies ranging in size from $1 million to over $8 billion in assets managed and provides expertise to its clients operating in heavily regulated and rapidly evolving environments. Weaver also recently announced a deal to combine with New York-based accounting firm, Levine & Seltzer LLP, which will enable them to accelerate growth and build on existing real estate and alternative investment practices, while becoming a broader full-service firm in New York. With their vast industry knowledge with financial regulations, Ben is proud to have engaged Weaver as its independent auditor.

“After months of diligent review during the request for proposal process, I am thrilled to announce that we have selected Weaver & Tidwell, L.L.P. as Ben’s new independent auditor,” said Ben Chairman and CEO Brad Heppner. “Weaver’s broad range of services and expertise with financial firms in the alternative investment space as well as their strong presence in the Dallas Fort Worth area stood out to us as key differentiators and major factors in us selecting them as our new auditing firm.”

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