Two Minneapolis-area CPA firms, Carver Moquist & O’Connor and TK Advisors Ltd., have merged to form a larger advisory firm to service the Twin Cities.

The new firm will operate under the name Moquist Thorvilson Kaufman Kennedy & Pieper LLC, or MTK, with offices in Edina and Plymouth, Minn. The deal unites the 70 members of CM&O with the 35 in TK Advisors. The merger took effect on Nov. 1.


“We get along pretty well with them so our firm cultures are well aligned,” said CMO managing partner Kevin Moquist. “Our firm works with small SEC reporting clients. They used to work in that area, and they have some partners who can help us with audit partner rotations.”

Members of the two firms met several years ago as the only two Minnesota-based accounting members of the BDO Seidman Alliance. MTK plans to continue its membership in the alliance. 

The combined firm also intends to continue to offer traditional CPA services such as assurance, SEC reporting, accounting and tax. Among the firm’s other services are a fixed-fee Internet accounting system for small businesses around the country, and several niche consulting services such as financial planning, IT strategic consulting, third-party administration of qualified deferred compensation plans, and Great Plains support services, according to TK Advisors co-managing partner John Thorvilson.

Moquist said that TK Advisors will be moving on Jan. 1 into new expanded offices in Centennial Lakes that his firm just opened, and will keep open its existing office in Plymouth. The combined firm will have about $13 million in revenue, with about two-thirds coming from CMO and the other third from TK Advisors.


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