CLA (FY18 net revenue of $954.6 million) has announced its acquisition of Weil & Company of Los Angeles, effective Feb. 1.
Weil & Company MP Ronald Iino says, “As times have changed, we have realized we must also change. Joining CLA boosts our experience in all matters, allowing us to serve our clients on a deeper level and providing opportunities for our staff to develop and bring even more to the table.”
Founded in 1953, Weil & Company offers tax and financial planning strategies, with a focus on real estate developers, partnership tax returns, business management and serving high-net-worth individuals.
“Our clients will be the great beneficiaries of this,” says partner Marvin Goldschmidt. “We deal directly with our clients and get to know them on many levels. Our job is to answer their questions and offer new ideas. CLA is the place we want to be — not only to access more knowledge to help our clients, but to continue to build pride in our professional home.”
Randy Wells, managing principal of CLA’s Los Angeles offices welcomes the Weil team. “I have no doubt the culture and practice they have formed will help accelerate our growth and ability to serve our clients and communities throughout Southern California.”
Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination, comments, “Weil is known throughout southern California as one of the ‘go to’ firms when it comes to high-net-worth individuals as well as the business management and entertainment area. Both firms saw quickly the alignment on culture and strategic fit around growing talent and client service.”
Former Weil & Company team members will continue to serve clients locally and nationally from Los Angeles, alongside CLA’s California team of more than 350 professionals.