Resonant Capital Advisors, a $2.2 billion registered funding advisor based mostly in Madison, Wis., is becoming a member of the pattern towards combining wealth administration and tax planning by merging with Brookfield, Wis.-based QBCo Advisory.
Mergers and partnerships between RIAs and tax corporations have moved past sharing shopper referrals to bringing the practices into one agency or relationship. Extra generally, RIAs have been buying tax corporations or specialists, however this week, Connecticut-based Progressive CPA Group launched its personal RIA to serve wealth purchasers.
Resonant was based in 2018 with 5 workers and is led by co-founders Benjamin Dickey, CEO and president; Walter Dewey, govt chairman and chief funding strategist; and Barbara Herro, shopper service chief. In that point, it has grown to 22 workers, 539 purchasers and $2.2 billion in discretionary and non-discretionary belongings.
QBCo, based in 2016 by Tony Berndt, Kathy Rotta and John Himmelspach, focuses on tax compliance, succession planning and personal enterprise valuations.
In recent times, Resonant’s purchasers have requested tax-related companies, Dickey stated in a press release with the announcement.
“Given the mutual relationships, related historical past of independence and powerful relationship we already had with Tony, his group and our mutual purchasers, this mixture was a logical and pure match,” he stated.
In line with agency leaders, the agency will function beneath the 2 present manufacturers for now, however that will change sooner or later.
The deal closed on Might 31.