Topel Forman affiliates with Avantax for wealth management, financial planning services


Accounting firm Topel Forman L.L.C. has affiliated with Avantax Planning Partners℠, Avantax’s employee-based RIA (registered investment advisor) to provide comprehensive tax-focused financial planning and wealth management services to clients.

Based in Chicago, Topel Forman is a full-service, 120-person public accounting firm whose services include tax, audit and advisory. Topel Forman chose to affiliate with Avantax because of its proven track record working with accounting firms, the firms’ similar cultures, and because Topel Forman viewed partnering with Avantax as the most optimal and efficient way of introducing financial planning and wealth management services to their clients.

Topel Forman Partner Robert Naselli says wealth management is the next logical step in enhancing client relationships and delivering value for today’s firm. “While we considered creating it on our own, we’ve seen the difficulty other firms had trying to do it, so we thought, what better way than having a partner with a system that’s been proven successful in our industry. During our due diligence I spoke with plenty of people, including accounting firms already working with Avantax Planning Partners.”

Naselli says to Topel, with Avantax’s robust back office, the tried-and-true systems in place, and all the back-office support they have, it just made sense.

Avantax Planning Partners was born from a CPA firm, working almost exclusively with accounting firms nationwide. The company provides a turnkey financial planning and wealth management model, honed during the past 30 years, to accounting firms nationwide.

“Topel Forman is a terrific fit with Avantax Planning Partners because, like us, they want to continue delivering great value to their clients, always keeping clients at the forefront, now in an advisory model,” says Louie Rosalez, President of Avantax Planning Partners. “As with all our affiliates, a devoted and experienced Avantax planning team backed by our significant back-office capabilities will support Topel Forman as they help clients make the most important decisions of their financial lives.”

Despite having upwards of 120 staff and partners, Naselli said the independent firm has kept its family feel while growing. Topel Forman provides high-level talent and expertise clients expect from a larger firm while maintaining a boutique firm’s accessibility and collaboration where partners work with clients every day.

Todd Mackay, President of Wealth Management at Avantax, says Topel Forman and Avantax align so well when it comes to culture, business strategy and how they serve clients and business partners. “Avantax presents a significant value to accounting firms looking to provide financial planning and wealth management services because we understand how accounting firms work and how they serve clients, and we have the tools, knowledge and decades of experience to partner with them seamlessly, and that puts Avantax in a class by itself.”

Like what you’re reading?

Subscribe to our FREE newsletter and we’ll deliver content like this directly to your inbox.