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Clifton Gunderson, LarsonAllen to Merge
Clifton Gunderson and LarsonAllen has announced that they will merge effective January 2 and operate under the name CliftonLarsonAllen. The combination of two the top 20 CPA firms in the United States will place the combined entity in the top 10 with combined revenue of more than $550 million annually, more than 500 partners and more than 3,600 professionals. Clifton Gunderson CEO Kris McMasters will oversee CLA LLP, the public accounting practice, while LarsonAllen CEO Gordon Viere will manage the wealth advisory and outsourcing operations.
The structure will be based around a holding company and three entities, CLA LLP, CLA Wealth Advisory and CLA Outsourcing. The wealth advisory practice will have more than $3 billion in assets under management while the outsourcing practice has about $50 million in revenue and will working with clients in the areas of finance, tax regulatory compliance and report. CLA will also work with clients internationally.
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