Building a Successful CPA Wealth Management Practice

Michelle Melton, Communications Specialist
July 27, 2018

1st Global’s Ryan George, assistant vice president of marketing and communications, recently sat down with Bob Rounsfull from Rounsfull Financial Group and Jody Padar from The Radical CPA at the AICPA Engage conference in Las Vegas to discuss building a successful CPA wealth management practice.

When Rounsfull Financial Group added wealth management services to its menu of offerings in 2006, the company created a second revenue stream from its existing CPA practice client base.

“[My clients] really liked the aspect of having their tax accountant, who understood their tax life, working with them on their financial life, so they get a more holistic approach instead of having separate advisors for these different areas,” Rounsfull said.

 

Rounsfull credits the professional development he received from 1st Global through the Wealth Management Instruction and Networking (WIN) program for the success of his financial advisory practice. By participating in the WIN program and attending regional events, Rounsfull benefited from continuing education and best practice sharing with a group of like-minded advisors to build his business.

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