Third Ranking of CPAs by AUM
The idea for the ranking presented in the following pages began some two years ago when the editors of this publication decided to plow an area that had previously been left untouched. A survey was prepared and sent to a wide listing of CPA firms and the reaction was rather staggering. There were 89 responses.Last year, the response topped 100 and this year it reached 132, with firms having in excess of $40 billion of assets under management. In fact, 10 firms have some $25 billion of this. This is the reason that we chose to break the firms down into sections.
The editors also delved beneath the surface of the rankings and looked at what affiliations each firm had, such as broker/dealers, wire-houses, financial services companies, and the like.
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For inclusion in this survey, we had two criteria for consideration: they must be a CPA firm that has a financial planning practice, even as a subsidiary or affiliate, and the financial planner in the office must hold a CPA credential.
There are a few footnotes and explanations to these rankings you should keep in mind. First, the numbers listed are, in some respects, based on calendar-year figures, as reported by the firms, and others are on fiscal years. Then too, because of space limitations, we did not have room to list LLPs, LLCs, corporate designations, partnerships, and the like. To simplify, we just listed the basic name of the firm.
Moreover, some firms had controlling principals, CEOs, presidents, etc. Again, for simplification purposes, we used the term "managing partner." And finally, we did not have the room to include all the various licenses held by the different firms. There were just too many.
Based upon all the e-mails, telephone calls, and faxes we have received since the first ranking was published two years ago, we firmly believe the following information in our charts, graphs, and the like will shed some vital light on this ever-burgeoning field.
Below we list the firms; for a complete version of the report, view the PDF.
THE BILLION DOLLAR CLUB
myCIO Wealth Partners
Plante Moran Financial Advisors
RSM McGladrey Inc.
Gilman Ciocia Inc.
Wipfli Hewins/Hewins Financial Advisors
LarsonAllen Financial
Savant Capital Management Inc.
BKD Wealth Advisors
CBIZ Inc./Mayer Hoffman McCann PC
HBK Sorce Financial
Baker Tilly Investment Advisors
THE $100+ MILLION CLUB
SignatureFD (formerly F&D Advisors)
Honkamp Krueger Financial Services Inc.
Berkowitz Dick Pollack & Brant
Howard Financial Services Ltd.
Clifton Gunderson Wealth Management
Truepoint Inc.
Capital Performance Advisors
