Pasadena CPA & Wealth Management Firm for Sale

CPA and Wealth Management firm for sale in Pasadena, CA. ref# PAS124. The Seller is looking forward to retirement but is willing to stay on part-time to ensure a smooth transition. The firm employs 3 full-time employees and 1 part-time employee year-round, all of whom are likely to stay after the sale. For tax and accounting services, approximately 5% of clients come in for an appointment, 5% drop-off and 45% mail-in, while the remaining 45% remit their documents electronically. The current office space is available to Buyer if desired. If the current office is not retained, then keeping a location within 5 miles of its current location for clients and staff to travel would be ideal. In 2023, the tax and accounting side of the practice generated a gross revenue of $535k from 98 Individuals with an average fee of $2,641 and 51 Entities with an average fee of $4,027, with $49k in bookkeeping and 2 reviews for a total of $22k. For the Wealth Management side, the firm had gross revenue of $345k. Practice currently uses Lacerte for tax preparation as well as QuickBooks, Accounting CS, Practice CS and Portfolio Center. The clientele will transition best to a wealth management firm well experienced in both CPA firm and registered investment advisory services, with a focus and belief in the Dimensional Fund philosophy. These services would include tax compliance, accounting, financial planning and investment management services.

Much more information is available on the Practice Profile, including staff info. Please complete the Buyer Profile and NDA on our website at atbcal.com/buyerprofile and the Practice Profile will be available for download immediately after submission. ATB, Inc. CA DRE 02002824