RIAs Snap Up CPA Firms

CPAs have been moving into wealth management for years. Now wealth managers are moving into the world of the CPA. While RIA objectives include economies of scale and service-offer expansion, the clients of CPA firms are also attractive targets for cross-sales. These clients may value integrated tax and wealth management support delivered by a single provider, but sustained growth will demand the alignment of structural, operational and technological frameworks across the two business models.