#5412 - Central Connecticut - CONNECTICUT

ABA Advisors represents this tax, accounting and investment advisory practice located in central Connecticut. The firm provides broad-based local accounting, tax, bookkeeping and investment advisory firm providing all services except audits. Most clients are in central Connecticut. There are some 1040 out-of-state clients. The firm uses some engagement letters. The firm is not paperless. There is no particular client niche or concentration. In terms of information delivery from clients, 75% either mail, email, or use a portal to deliver their info to the firm. The other 25% physically drop off their information at the physical office. The owner is looking to sell their tax & accounting firm individually which is $790k in gross revenue, or as a package along with their investment advisory firm which is an additional $210k in management fees. The owner is not interested in selling the investment advisory firm by itself. The seller is willing to provide transitional assistance post-closing for continuity which will aid in a smooth transition and client retention.