Elevate CPA Group services

Elevate’s Independence Alliance provides you with the expertise and resources to go from thinking about becoming an independent RIA to thriving!

Knowing the value of your largest asset (i.e., your business) is critical. This is especially true if your RIA firm is in the process of succession planning. If you’re considering purchasing another firm, acquiring an existing book of business, or bringing on new owners, a valuation is a key component of the process. There are many different ways you can sell or transfer ownership. Understanding your firm’s value, as well as its cash flow and your goals, can help you weigh your options for executing a successful transaction. Keep in mind: if you’re audited by the IRS, a valuation is critical whenever there is a change of ownership and the valuation might be requested.

Similar to how you help your clients prepare for uncertainties in life and the market, we help you prepare for economic downturns. We do this through monthly cash flow planning and projections.

One way to increase your RIA firm’s value is to retain your key employees. However, without a clearly defined compensation plan, this can be a tall order. This is where Elevate can help.

We partner with third-party software provider Truelytics to provide insight into your RIA firm as it compares to peers, both on valuation and other KPIs. Unlike a standalone valuation, Elevate’s extensive background in the industry, coupled with Truelytics data, goes beyond a valuation to give you actionable insights you can leverage to improve your firm.

Are you being compensated correctly? Has anyone completed a random client review of your billed managed fees, or do you simply trust that they’re right? Can you explain to clients how their particular fees were calculated?

Having real-time access to your firm’s numbers is critical to making wise business decisions. Through monthly accounting and tax return preparation, Elevate gives you the financial information you need.

Providing your high-net-worth clients with personal financial statements is a great way to add value to these relationships. As your Fractional CFO partner, Elevate can provide these monthly or quarterly statements for your VIP clients in accordance with your needs.

Elevate is pleased to offer annual surprise exams as an additional service from our sister company, DeMarco Sciaccotta Wilkens & Lunleavy, LLC. More and more, RIA firms are required to comply with certain federal and state laws designed to protect investors from exposure to risk and fraud. One such law is the “Custody Rule” as outlined under Rule 206(4)-2 of the Investment Advisers Act of 1940 (Adviser’s Act). Established to protect advisory clients from the misuse or misappropriation of their funds and securities, this rule is of utmost importance.