A forward-thinking tax, accounting, and planning solution for RIAs

Serving owners of RIA firms with annual revenues between $1 million – $10 million.

Growth is Painful Without a Plan

You are busier than ever. Client retention is high and you’re adding new clients at a record pace. Your AUM and revenue ebb and flow with market movement. Your current accounting firm focuses on last year and now it’s too late to implement tax strategies. You cringe at the thought of what your tax bill will be next spring and are reluctant to make any sizable investments into your firm because of the uncertainty.

You are being pulled in a million different directions.  As a result, you feel an imbalance in your family/client service/business owner responsibilities. Because you are so laser-focused on your client’s financial well-being, you haven’t had the time or energy to button up your own financial plan. Your clients look to you to keep them on the right financial track, but who do YOU look to for the same?

The Most Powerful Integrated Accounting Service Available to RIAs

At Fiduciary CFO, we take an integrated approach to RIA firm finances that helps owners make more confident financial decisions. Every month, we ensure that your books are clean and accurate. We then take it to the next level and prepare multiple tax projections throughout the year to ensure we adjust your tax plan based on fluctuating income. Finally, we go beyond your books and look to the future of your business through budgeting and goal setting. We fine-tune your business and personal financial goals and run point on your behalf to ensure the moving parts keep moving forward.

With Fiduciary CFO, you get:

  • A one-of-a-kind, all-inclusive tax, accounting & planning package available to RIAs.
  • Monthly meetings, so you always know your firm’s current financial health, allowing you to make confident financial decisions professionally and personally.
  • Proactive, planning-centric tax advice, not just a recap of what happened last year after it is too late to make adjustments.
  • Year-round attention with easy access to your CPA anytime (even during tax season).
  • An executive team that includes a forward-thinking CPA and a tax-conscious CFP® professional.

Our white-glove service includes all of the following:

Monthly Accounting

The foundation of all good planning begins with timely and clean books. We work in your books monthly to make sure everything is properly recorded and ready for taxes. We also use this information to help build your cash flow plan.

RIA income can fluctuate greatly depending on market movement. We do multiple tax projections each year to make sure there are no surprises at tax time. As a part of our all-inclusive services, we also will prepare the following:

  • Business Tax Return and K1s
  • 1099s
  • Personal Tax Returns of All Owners
  • Multiple Tax Projections for All Owners

Tax Preparation & Planning

CFO Leadership

Clean books are necessary for taxes, but budgeting and forecasting are essential for making sound business decisions. Knowing how you are spending your money and planning for future income and expenses will ensure your bucket stays full.

Digging into your financials and making them useful is essential to a successful RIA firm. Our service will help customize your reporting to make it more meaningful to you. Some examples of customized reporting include:

  • Custom Profit & Loss Statement showing revenue & expenses per advisor to help you better gauge advisor compensation.
  • Chart of Accounts which integrates industry bench-marking data so you always know where your numbers compare to other firms your size.
  • Business Cash Flow Budget to help understand what cash you really have to use for owner distributions and firm reinvestment.
  • Business Goal Setting and Accountability to ensure you always have a plan and are working towards the next milestone.

We are intentional when it comes to the “other” areas of your business, where a second (or third) set of eyes can be critical to plug holes, or capture opportunities. We’ll provide our professional insight on any matter, and where appropriate, can coordinate and run point with outside professionals/legal counsel in areas that are beyond our expertise. Areas we examine include:

  • HR / Employee Benefits / Compensation Structures
  • Partnership Agreements / Buy-Sell Agreements
  • Business Continuity & Disaster Planning
  • Internal Processes, Both Financial and Client Service
  • Commercial + E&O Insurance Coverage

Eyes on Practice Management

Business Owner Toolkit

Our Business Owner Toolkit is designed to make sure your personal goals are being tended to. You work daily to exceed your clients’ expectations. We do the same for you. We ensure your personal and family goals are not lost in your day-to-day client rhythm and focus on items important to you AND your spouse. Areas we will discuss include:

  • Review of Personal Insurance Coverage
  • Review of Estate Plan
  • Gifting Strategies
  • Personal Cash Flow Planning / Cash Management

We work exclusively with RIA owners because we live it, know it, and love it.

We are owners too. We own a CPA firm and an RIA firm. Over the years, we have worked alongside some of the best and brightest minds in the financial industry. In 2014 we co-founded FA Bean Counters: the first ever virtual tax and bookkeeping firm targeting RIAs and Independent BDs (which we later sold).  Working exclusively with RIA firms gave us a unique view of what an RIA owner needs.

Our interactions with RIA owners helped shape our mindset regarding the CPA and RIA firm relationship. We discovered there is a lack of forward-thinking guidance and coordination for RIA owners regarding their overall financial picture. Your personal finances are predicated on the financial health of your RIA. Many RIA owners have been successful DESPITE their tax & accounting pros looking backward, not realizing there is a better way. 

About
Fiduciary CFO

Forward thinking,
Planning-Centric advice.

Fiduciary CFO was created to address the tax and financial voids that today’s established RIA owners experience all too frequently. We took what firm owners hate about working with traditional accounting firms and did the opposite.

Brian Wright 1

Brian Wright, CFP®

Co-Founder
Financial Planner

Brian is a seasoned financial professional with over 20 years of business and financial consulting experience.  A financial planner by trade, he provides business consulting and planning for Fiduciary CFO clients. 

Brian owns Wright Planning, LLC, an Indiana Registered Investment Advisor that specializes in financial planning for business owners.  In 2014 he co-founded FA BeanCounters, LLC (the first virtual accounting and bookkeeping firm to target RIAs and Independent Broker Dealers) which sold to XY Planning Network in 2017.

Brian is a graduate of Indiana State University with an BS in Business Administration and a minor in Economics. He began his finance career at JPMorgan Chase Bank in 2004. He earned an MBA from Anderson University in 2009 and became a CFP® practitioner in 2011. He is a board member and past president of the Financial Planning Association of Greater Indiana chapter.

Outside of work, when he isn’t spending time with Kitrina and their 2 children, he enjoys playing guitar, building custom pinball machines and hosting the podcast Unexpected Hobbies of Financial Advisors.

Kitrina Wright 1

Kitrina Wright, CPA

Co-Founder
Accountant

Kitrina is a Certified Public Accountant with experience specializing in tax preparation, bookkeeping, small business consulting and audit.

Kitrina founded Wright Accounting Group, LLC in 2006.  In 2014 she co-founded FA BeanCounters, LLC, a virtual accounting firm targeting financial advisors nationwide, which sold to XY Planning Network in 2017. 

Kitrina graduated Summa Cum Laude with a BS in Accounting from Indiana State University.  She began her career as a governmental auditor before moving into public accounting.  Prior to forming Wright Accounting Group, LLC, Kitrina worked at Crowe Horwath LLC (formerly Crowe Chizek LLC) specializing in small business consulting and tax preparation.

Kitrina is a QuickBooks ProAdvisor and is a member of the Indiana CPA Society and the AICPA.

Outside of work, Kitrina enjoys spending time with Brian, their two children, and a very lazy beagle.  A lifelong musician, Kitrina minored in vocal performance and has performed all over the world with various choirs.  She is a former member of the Indianapolis Symphonic Choir and the Indianapolis Arts Chorale.

Brian Wright 1

Brian Wright, CFP®

Co-Founder
Financial Planner

Brian is a seasoned financial professional with over 20 years of business and financial consulting experience.  A financial planner by trade, he provides business consulting and planning for Fiduciary CFO clients. 

Brian owns Wright Planning, LLC, an Indiana Registered Investment Advisor that specializes in financial planning for business owners.  In 2014 he co-founded FA BeanCounters, LLC (the first virtual accounting and bookkeeping firm to target RIAs and Independent Broker Dealers) which sold to XY Planning Network in 2017.

Brian is a graduate of Indiana State University with an BS in Business Administration and a minor in Economics. He began his finance career at JPMorgan Chase Bank in 2004. He earned an MBA from Anderson University in 2009 and became a CFP® practitioner in 2011. He is a former board member and past president of the Financial Planning Association of Greater Indiana chapter and sits on the advisory board for the Indiana State University Financial Planning major.

Outside of work, when he isn’t spending time with Kitrina and their 2 children, he enjoys playing guitar and building custom pinball machines.

Kitrina Wright 1

Kitrina Wright, CPA

Co-Founder
Accountant

Kitrina is a Certified Public Accountant with experience specializing in tax preparation, bookkeeping, small business consulting and audit.

Kitrina founded Wright Accounting Group, LLC in 2006.  In 2014 she co-founded FA BeanCounters, LLC, a virtual accounting firm targeting financial advisors nationwide, which sold to XY Planning Network in 2017. 

Kitrina graduated Summa Cum Laude with a BS in Accounting from Indiana State University.  She began her career as a governmental auditor before moving into public accounting.  Prior to forming Wright Accounting Group, LLC, Kitrina worked at Crowe Horwath LLC (formerly Crowe Chizek LLC) specializing in small business consulting and tax preparation.

Kitrina is a QuickBooks ProAdvisor and is a member of the Indiana CPA Society and the AICPA.

Outside of work, Kitrina enjoys spending time with Brian, their two children, and a very lazy beagle.  A lifelong musician, Kitrina minored in vocal performance and has performed all over the world with various choirs.  She is a former member of the Indianapolis Symphonic Choir and the Indianapolis Arts Chorale.

Pricing

Fiduciary CFOʼs pricing is based on the complexity of your situation, number of owners, etc.
Please contact us so we can learn more about your RIA firm and we will gladly provide you with a quote.

1 Owner Firm - Begins at

$ 7,500 Per Quarter
  • RIA Bookkeeping
  • Business & Personal Tax Preparation and Planning
  • CFO Leadership & Reporting
  • Practice Management Collaboration
  • Business Owner Toolkit
FAQs

Frequently Asked Questions

You probably have questions about what it’s like to work with Fiduciary CFO. See our most popular answers below. Something we missed? Let us know.

How does pricing work?
Our pricing is based on complexity. Single-owner firms have a $30,000/yr minimum fee. Multi-owner firms have a $40,000/yr minimum fee.

Our fee is billed quarterly to align with most RIA firms' billing cadence. This engagement is a Business-to-Business consulting agreement, so it is billed to (and deducted by) the RIA Firm.
What are the requirements to start with Fiduciary CFO?
We work with a limited number of RIA firms and want to make sure we are a good fit for each one.

To get started, we ask that you click the SCHEDULE AN INTRO CALL button so that we can learn more about you and your firm and so that you can get a feel for what it is like to work with us.
What size RIA firms do you work with?
Here's what our typical RIA firm client looks like:

  • Number of Owners: 1 to 3
  • Annual Revenue: $1 million to
    $5 million
  • Employees: 5-20

More FAQs

We use QuickBooks Online in order to efficiently serve our clients.  We have a strong preference for all clients to use QBO.  If you are using QuickBooks desktop or another accounting software, we can discuss the transition process so we can most efficiently work together.

We file your business tax return, issue K1s (if applicable) and file the personal tax return for all partners/shareholders.

Yes.  As part of our ongoing tax planning, we will calculate (and update as necessary) estimate taxes due for all partners/shareholders. 

Yes on a case by case basis. Retroactive accounting/tax prep outside of the regular Fiduciary CFO work would be billed separately and varies based on complexity.

Yes. Fiduciary CFO is powered by Wright Accounting Group, LLC. Kitrina Wright, CPA / Wright Accounting Group, LLC would represent your firm (or you individually) in the event of an audit.

Good question. No, sorry you can't. Part of the value in hiring a partner like Fiduciary CFO is that we embed ourselves in your personal and business finances and act proactively. That allows us to be your "go-to" for all things financial. The same way you wouldn't quite be able to provide "comprehensive wealth management" for your own advisory clients if they held-away most of their assets and insisted they already had a financial plan.

No we do not, but we will work with you or your staff to streamline and/or automate those processes.

Schedule a 30-minute Zoom call with us to discuss your firm’s needs, and we'll take it from there! Click the Schedule An Intro Call button in the navigation to find a time that works.

We aim to onboard no more than 2 new clients per month, so that we can devote adequate time getting up to speed with each new client. With this limit, we avoid negatively impacting the level of attention that existing clients receive.

We are built to serve, not built to scale. Therefore, we are working with a limited number of clients to provide the comprehensive, high-touch experience our clients deserve.

Contact Us

Have questions and want to chat?  Ready to get started? Click the SCHEDULE AN INTRO CALL button in the navigation so we can connect. This is our favorite method of reaching us. 

Alternatively, you can shoot us a quick message in the form below. This is our 2nd favorite method.

The generic email address is listed below in case you don’t like the 2 methods above and really enjoy emailing generic email addresses. 

The phone number works. It’s fancy, with an auto-attendant and everything. It’s mostly used by non-clients and telemarketers since our clients all have our personal cell numbers.

The mailing address should be used only when sending us fine chocolates and rare bourbons. This is strongly encouraged, in fact.

Click above

Address

14074 Trade Center Drive
Suite 201
Fishers, Indiana 46038

Phone

(317) 207-0480

Privacy Policy

Here is our Privacy Policy required by the Gramm-Leach-Bliley Act of 1999.

We collect nonpublic personal information about you from the following sources:

  • Information we receive from you on applications, tax organizers, worksheets and other documents;
  • Information about your transactions with us, our affiliates, or others;
  • Information we receive from a consumer-reporting agency.


We do not disclose any nonpublic personal information about our clients or former clients to anyone, except as permitted by law.

We restrict access to nonpublic personal information about you to those members of our firm who need to know that information to provide services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

If you have any questions about this policy, please do not hesitate to contact us.

Terms of Service

No Rendering of Advice
The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant.

Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant.

Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Accuracy of Information
While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this website is accurate, complete, reliable, current or error-free.

We assume no liability or responsibility for any errors or omissions in the content of this website or such other materials or communications.

Disclaimer of Warranties and Limitations of Liability
This website is provided on an “as is” and “as available” basis. Use of this website is at your own risk. We and our suppliers disclaim all warranties. Neither we nor our suppliers shall be liable for any damages of any kind with the use of this website.

Links to Third Party Websites
For your convenience, this website may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services and content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk.