The October issue of our sister publication CPA Wealth Provider has some information which will shock most. It is a ranking of CPA firms with financial planning practices by assets under management. Eleven have over one billion dollars under management. Yes, I said one billion dollars each with Plante and Moran Financial Advisors leading the pack with $5.255 billion. There are 41 firms listed with $100+ million of assets under management.
Practical Accountant has previously identified a number of these firms, specifically Hill, Barth, & King; Honkamp Krueger; and GHP Horvath, and the impressive success they have had with financial planning. But only with the survey, which will be an annual event, can it be seen how really successful a great many accounting firms have been in their financial planning endeavors. Equally remarkable is that many of these firms have probably only been heavily involved in investment management for about 10 years, or less.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access