CPA firms – we’re aware – provide more than just traditional accounting and auditing services. And that includes providing investment and financial planning. So just how successful are they. In terms of money under management, pretty darn successful. You may be surprised to know that there are 11 firms that are have over $1 billion in assets under management and 41 more firms that have over $100 million in assets under management.
The October, 2007 issue of CPA Wealth Provider has its first ever ranking of CPA/financial firms by the amount of assets under their management. These are CPA firms that have financial planning practices and the financial planner in the office holds a CPA credential. Here those 11 members of The Billion Dollar Club:
- Plante Moran Financial Advisors
- Gilman Ciocia
- RSM McGladrey
- Wipfli Hewins Investment Advisors
- Savant Capital Management
- CBIZ/Mayer Hoffman McCann
- Virchow, Krause & Company
- HBK Sorce Financial
- Moss Adams Wealth Advisors
- Honkamp Krueger Financial Services
- F&D Advisors
For the details, here is the link to the article that appears in the October issue of CPA Wealth Provider.