Cohen & Company Welcomes Tax & Wealth Management, Inc.
Expands family office and private client service offerings
Tax and Wealth Management, Inc. (TWM) is joining Cohen & Company, one of the leading tax and accounting firms in the U.S. Based in downtown, TWM is a boutique CPA firm that specializes in serving individuals and families with complex tax, estate, and financial needs. The transaction is set to close soon.
Founded by Brian Gothot, TWM emerged as part of a spin-off from a global family office practice and employs approximately 15 professionals. The firm is dedicated to offering customized tax and accounting advisory services tailored for a select group of clients, including family offices, ultra-high-net-worth individuals, and international corporate executives.
Chris Bellamy, CEO of Cohen & Company, expressed enthusiasm about the acquisition, stating, "We have known Brian and the work of his TWM team for many years and have tremendous respect for our similar firm cultures and client service philosophies. This strategic fit will reinforce and enhance our private client services specialized for family offices and high-net-worth individuals. TWM's practice and next-generation leadership will play a crucial role in our ongoing growth in these areas."
Brian Gothot, TWM's Founder and President, commented, "Joining Cohen & Company aligns with our long-term succession plan for TWM. We have been deeply impressed with their leadership team and the firm's strategic vision. We eagerly anticipate joining the Cohen & Company platform and creating a significant impact together."
All TWM professionals are expected to transition to Cohen & Company, including Gothot and TWM's two managing directors, Doug Shostek and George Gothot, who will also join as partners.
This acquisition contributes significantly to Cohen & Company's ongoing growth trajectory. In the near past, the firm announced a strategic investment to accelerate its multi-year growth plan, which emphasizes people, technology, quality initiatives, and client service areas. Other recent acquisitions include BBD's Investment Management Group and Szymkowiak & Associates CPAs.
About Cohen & Company
Ranked among America's Most Recommended Tax and Accounting Firms by USA TODAY and recognized as one of the Best of the Best Firms by INSIDE Public Accounting, Cohen & Company provides assurance, tax, and advisory services to a diverse range of clients. Founded in 1977, the firm has grown to include over 800 dedicated professionals and operates 13 offices. Their clientele spans from privately held companies to Fortune 1000 multinational enterprises, proving their ability to serve a wide spectrum of financial needs.
Through affiliated entities, Cohen & Company also maintains an international footprint, enhancing its service capabilities and expertise globally. The firm continues to evolve and expand its offerings to meet the unique needs of its clients, ensuring they remain at the forefront of the accounting industry.
Frequently Asked Questions
What prompted Cohen & Company's acquisition of TWM?
Cohen & Company aims to enhance its offerings in the family office and private client service sectors, creating a more robust portfolio for high-net-worth individuals.
What will happen to TWM employees after the acquisition?
All TWM professionals will join Cohen & Company, including leadership, ensuring a seamless transition and continued service to their clients.
What are the future plans for Cohen & Company?
The firm plans to continue its growth strategy through strategic acquisitions and investments, focusing on expanding its services and enhancing its technology.
When is the transaction between Cohen & Company and TWM expected to close?
The transaction is anticipated to finalize soon, allowing for an immediate integration of services and teams.
What distinguishes Cohen & Company in the accounting industry?
Cohen & Company is recognized for its commitment to client service, the expertise of its professionals, and its diverse range of service offerings tailored to meet the needs of various clients.
