Matt Kidd joins us and shares how he transformed a traditional 1040 firm into a hybrid practice offering both tax services and wealth management after acquiring a $400K firm at age 26. He breaks down the practical steps of adding an RIA to your CPA practice, from choosing between broker-dealers and registered investment advisories to navigating compliance requirements and team buy-in. Matt also discusses his strategy of trading high-volume tax clients for higher-value financial planning relationships and why the "good enough" mentality has been crucial to his firm's evolution.

Connect with Matt Kidd
https://www.blundenkidd.com/who-we-are/matthew-s-kidd
https://www.linkedin.com/in/matthewkiddcpa

Introducing Collective by DBA
https://collective.cpa
https://www.linkedin.com/company/collectivebydba

Learn More About Dillon Business Advisors
https://www.dillonadvisors.com
https://www.linkedin.com/company/dillonbusinessadvisors

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• (00:00 ) - Welcome to Who's Really the Boss
  


• (01:39 ) - Matt Kidd's Background and Firm Acquisition
  


• (03:08 ) - Challenges and Changes in the Firm
  


• (04:34 ) - Social Director and Best Advice
  


• (08:45 ) - Firm Structure and Remote Work
  


• (10:37 ) - Expanding Services: Financial Planning and Wealth Management
  


• (13:48 ) - Client Conversion and Relationship Building
  


• (24:17 ) - Navigating Financial Advisor Relationships
  


• (29:46 ) - Understanding Financial Planning Routes
  


• (31:02 ) - Broker Dealers vs. RIAs
  


• (32:04 ) - Turnkey Asset Management Providers (TAMPs)
  


• (33:10 ) - Choosing the Right Financial Model
  


• (44:20 ) - Growth and Client Retention Strategies
  


• (47:49 ) - Networking and Professional Development