Joseph M. Larsen, C.P.A., P.C.

The firm provides ongoing portfolio management and financial planning to individual and high-net-worth clients and operates as a certified public accounting practice that offers accounting and tax-related services alongside its advisory work. Its client base is small — two advisory clients and approximately $2.2 million in assets under management — and it documents goals and risk tolerances through Investment Policy Statements.

The firm’s investment approach emphasizes long-term trading and modern portfolio theory, generally implemented through mutual funds, with regular (at least quarterly) account reviews and delivery of written financial plans. Uncommonly for peers, the firm manages assets on a primarily non-discretionary basis and does not have investment discretion over client accounts.

Noteworthy features include the firm’s affiliation with an accounting practice and the CPA background of its principal, which may result in combined tax/accounting and advisory services and the potential conflicts that creates (disclosed in the brochure). The firm also requires clients to use a specific custodian/broker (T. Rowe Price), reports no soft-dollar benefits, does not participate in wrap programs, and does not engage in block trading, reflecting a very small, tightly controlled practice model.