iPro One has reached an agreement to purchase an ownership interest in HbK Sorce Financial, an investment advisory and wealth management firm with more than $1 billion in assets under management.
HbK Sorce is an affiliate of CPA firm Hill, Barth & King. The deal will allow iPro One to offer wealth management services for the firm and its clients. Using its CPA360 tool, iPro One helps CPA firms identify potential wealth management revenue among clients.
The company also offers investment banking consulting services and other products that CPA firms can leverage to service high-net-worth clients.
"This partnership lets HbK tap into iPro One's expert investment knowledge, direct access to sophisticated services, unique ability to unlock the potential within our existing clients and liquidity solutions for our partners," said Christopher Allegretti, CPA, managing principal and CEO of Hill, Barth & King LLC, in a statement.
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