Phoenix-based financial advisory firm Heritage Advisors is reportedly mulling acquisition of certified public accountant (CPA) firms in Houston, Austin and California over the next two years.
Michael Frost, the company’s president told Houston Business Journal that the firm is working with a Houston-based business broker to explore CPA firms.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Frost said: "Almost all of our new business comes through the tax-planning business."
"The masses have not been treated with true wealth management, which is tax, law, wealth management and insurance under one roof. Heritage has been able to provide this to the common investor, which is something that hasn’t been in the market," added Frost.
The company has reported that its revenue was up by more than 200% year over year in 2014. It targets clients that have investible wealth in the range of $1m to $10m.
Heritage Advisors, which has renamed itself from ANF Wealth Management, has $95m in total assets under management. It provides wealth management, accounting, insurance and legal services for clients.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
