About Our Firm

The depth and breadth of our experience make us a valuable member of our clients’ management team.

About Our Firm

How do you judge the strength of a professional services firm? At HMWC CPAs & Business Advisors, we believe two measures are relevant: the success of our clients and in the quality of our people – the professionals who bring their knowledge, skills and experience to the engagement.

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Since 1968, HMWC CPAs & Business Advisors has specialized in serving the financial and tax needs of privately-held businesses and their owners throughout Southern California. The depth and breadth of our experience – which includes such ancillary services as business consulting, business valuation, employee benefits and human resources services, estate planning and computer consulting – make us a valuable member of our clients’ management team. At HMWC CPAs & Business Advisors, we are more than accountants, we are trusted business advisors.

As a member of Integra International, we have both a national and international presence, which provides us with the resources to consult on a variety of multi-state and global tax and business issues. At the local level, the firm has a highly talented partner and manager group whose involvement on each account helps ensure that our client receives the necessary attention and personal service needed to effectively manage their business. At HMWC CPAs & Business Advisors, our mission is to provide our clients, regardless of size, with a level of service and quality that is unparalleled in the industry.

Firm History

HMWC CPAs & Business Advisors was founded in 1968 by Robert Sterman.  After a number of years as a CPA with accounting firms in New York and the Los Angeles area, Mr. Sterman saw an opportunity and need in Orange County for a highly personalized and sophisticated accounting service.  Under his leadership, Sterman, Higashi & Herter developed a strong reputation in the real estate, healthcare, professional, service and other industries, becoming known for innovative tax planning strategies.

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Gerald “Jerry” Higashi joined Mr. Sterman in 1969 in the formative stages of what was to become Sterman, Higashi & Herter Accountancy Corporation.  Mr. Higashi previously worked as a closely-held business consultant and tax specialist for a large regional CPA firm in Beverly Hills.   Gerald “Gerry” Herter joined the firm in 1977, after serving as an army officer in Vietnam and the small business audit staff of Arthur Anderson & Co. in Chicago. The firm grew significantly over the years and saw additions in partners as well as retirements.  In 2001, Sterman, Higashi & Herter announced a name change to HMWC CPAs & Business Advisors to recognize the contributions of all of our partners and reflect our growth.  In 2002, we moved to our current facilities, purchased by the partnership in order to facilitate future growth. The firm has always sought ways to better serve our clients, both through traditional tax and accounting services, as well as through developing and creating affiliate companies. Our affiliate company, Yosemite Capital Management designs investment strategies and manages investments.

  • Yosemite Capital Management, LLC (designs investment strategies and manages investments)

The past 50+ years have been tremendous for HMWC CPAs & Business Advisors.  We look forward to serving our clients today and in the future.

Memberships & Affiliates