Cedar Rapids-based wealth management firm Basepoint Wealth has acquired the full-service accounting firm Charter Accounting.

The transaction, whose financial details are unknown, was closed at the end of last month.

The acquired entity offers accounting services, such as accounting, payroll, tax and consulting, to individuals and small businesses in Des Moines, Iowa.

It will now operate as an affiliate of Basepoint under the name Basepoint Tax & Accounting.

Charter Accounting principal Mark McKee said: “I am very excited about the prospect of broadening the services that we can offer by affiliating with professionals adept at financial planning, investment management, and who understand the importance of independent, fiduciary advice for clients.”

McKee, and his team of licensed and certified accountants will remain

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Ryan Watermiller, an Ankeny-based Basepoint Wealth advisor, will operate from the Des Moines office on a full-time basis.

The deal enables Basepoint to expand its reach to the Des Moines metro area, bolstering its existing presence in Cedar Rapids, Dubuque, and Davenport.

It will also allow the company to offer tax planning advice along with investment management and allow its clients to benefit from both tax advisors and financial planners.

Basepoint Wealth chief investment officer Allen Wallace said: “This union drives us one step closer to our ultimate goal of building a single, unified source of fiduciary financial advice, so clients no longer have to struggle with various competing opinions when making financial decisions without knowing with certainty whose best interest is being served.”

Basepoint Wealth director of business development Landis Wiley added: “Having successfully executed six acquisitions and mergers over the past four years, we are poised for continued expansion across our markets through a delicate balance of organic growth and targeted acquisition.”