With the acquisition, Cohen & Company intends to enhance its services for HNWIs. Credit: Daenin/Shutterstock.

Cohen & Company, a tax and accounting firm, has agreed to acquire Tax and Wealth Management (TWM), a boutique CPA firm, to enhance its services for high-net-worth individuals (HNWIs).

Financial terms of the deal were not disclosed.

Based in downtown Cleveland, TWM provides services for HNWIs with complex financial needs.

It was founded by Brian Gothot as global family office practice spin-off.

TWM offers custom tax and accounting advisory services to a select clientele, including family offices, ultra-HNWIs, and corporate executives with international engagements.

The firm brings approximately 15 employees to the Cohen & Company team, upon completion of the deal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

TWM founder and president Brian Gothot said: “The move to join Cohen & Company is right for us and serves as part of a longer-term succession plan for TWM.”

As part of the acquisition, all TWM professionals will join Cohen & Company, including founder Brian Gothot and managing directors Doug Shostek and George Gothot, who will enter the firm as partners.

Cohen & Company CEO Chris Bellamy said: “This is a great strategic fit that will reinforce and build on our private client services specialised to family offices and high-net-worth individuals.

“TWM’s practice and next generation leadership will be an integral part of our accelerated growth in these areas.”

The transaction is expected to be finalised in early January 2025.

In October, Cohen & Company received a strategic investment from Lovell Minnick Partners to support its multi-year strategic plan.

This plan focuses on growth, investment in people and technology, quality initiatives, and expanding the service areas to meet client needs.

Cohen & Company’s growth has been marked by other strategic acquisitions over the past 18 months, including the Investment Management Group from BBD, and Szymkowiak & Associates CPAs.