Recently merged accounting firm CliftonLarsonAllen has decided to stay in the Nexia International network, where LarsonAllen has been a member.
The combined firm confirmed its membership in Nexia’s network on Friday. When Clifton Gunderson and LarsonAllen announced in November that they planned to merge in the New Year, they still had not determined whether they would remain with Nexia International’s accounting firm network, or with HLB International, where Clifton Gunderson has been a member (see Clifton Gunderson and LarsonAllen to Merge).
“The strength of Nexia’s U.S, network is a vital component in our ability to meet the needs of both major U.S. businesses internationally and of our member firms and their clients around the world wanting to do business in North America,” said Larry Chastang, CliftonLarsonAllen’s managing partner of international tax services, and Nexia International's regional chairman for North and Central America. “LarsonAllen has enjoyed a long and very beneficial relationship with Nexia International and we are delighted this will continue for our newly merged firm.”
The new firm is focused on advising private companies and their owners, as well as public sector entities, and has revenues of more than $570 million. It employs over 3,600 professionals, including around 500 partners, and operates from 25 states and Washington, D.C. The wealth management practice has nearly $3 billion of assets under management. CliftonLarsonAllen also has a $50 million industry-specialized outsourcing practice to help clients meet their financial, tax, regulatory compliance and reporting responsibilities.
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