CPA Allies, LLC

CPA Allies provides financial planning, consulting, and access to managed investment strategies by recommending third‑party money managers and platforms; it also conducts financial education seminars. Its clients include individuals, high‑net‑worth individuals, accounting professionals, and CPA firms, and client assets are held by custodians associated with the third‑party programs rather than managed directly by the firm.

The firm relies on fundamental analysis and due diligence to select and monitor third‑party money managers, reviewing factors such as investment style, years in business, assets under management, and portfolio costs. It generally operates on a non‑discretionary basis—seeking client approval before implementing recommendations—and performs ongoing monitoring and rebalancing of recommended strategies.

Noteworthy distinctions include offering hourly and fixed fees for financial planning (rather than relying exclusively on percentage‑of‑AUM billing), presenting compensated educational workshops, and maintaining an insurance sales practice with the firm’s representative devoting up to ten percent of his workweek to insurance products and receiving customary commissions. The firm also selects and refers clients to sub‑advisers—sometimes receiving a portion of aggregate advisory fees under sub‑advisory or solicitor arrangements—and discloses a prior insurance‑related disciplinary matter in 2010 that resulted in a small fine and a probationary period.