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McGladrey Wealth Management LLC was recently ranked by Accounting Today as No. 3 on the publication’s eighth annual list of Top Billion Dollar Club Firms by Assets Under Management (AUM). Last year, McGladrey Wealth Management was ranked fourth.
Accounting Today’s “Wealth Magnet” report discusses issues currently affecting leading CPA financial planners most. “This year, interestingly, the two issues most commonly top of mind for our Wealth Magnets are also weighing heavily on accounting firms in general – staffing, and competition, whether from other professionals or from other sources,” states the publication. “We rarely see that level of correlation, but it suggests two upsides: First, everyone in the profession, whether they’re involved in financial planning or not, is looking to solve the staffing issue, which is exacerbated by the retirement of Baby Boomers. Second, in their current form, these are both issues related to success – the main story of this year’s report: Accounting Today ranked more firms with over a billion in assets this year than last, and more with between $100 million and $1 billion.”
While newer issues like staffing, technology and most recently, planning for college debt rise in prominence, older more permanent issues don’t go away. Two perennial challenges were particularly relevant this year – the complex tax scene, and the eternal pursuit of non-correlated assets.
“We continue to be proactive and thorough when managing the wealth plan for our clients,” said Randy Matz, practice leader for McGladrey Wealth Management. “McGladrey Wealth Management not only understands our clients’ needs, but also how to develop a comprehensive set of solutions to exceed their goals. We are proud to be named No. 3 on this important list of wealth managers, as it is an indicator that we are the middle market’s first choice wealth advisor.”
Accounting Today received submissions for the 2014 AUM rankings from more than 200 CPA firms with financial planning practices or subsidiaries. The Billion Dollar Club, to which McGladrey Wealth Management belongs, includes 23 members, compared to last year’s 18.
About McGladrey Wealth Management
McGladrey Wealth Management LLC provides investment advisory services, financial planning and other wealth management services to individuals and businesses. McGladrey Wealth Management LLC is an SEC-registered investment advisor. McGladrey Wealth Management's parent company and sole member is McGladrey LLP.
McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with more than 7,000 people in 75 offices nationwide. McGladrey is a licensed CPA firm and serves clients around the world through RSM International, a global network of independent assurance, tax and consulting firms. McGladrey uses its deep understanding of the needs and aspirations of clients to help them succeed. For more information like us on Facebook at McGladrey News, follow us on Twitter @McGladrey and/or connect with us on LinkedIn.