Serving owners of RIA firms with annual revenues between $1 million – $10 million.
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?
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:
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:
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:
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:
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:
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 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.
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 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.
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.
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.
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.
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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.
Well, it depends. For instance, we aren't interested in just doing monthly accounting or just doing tax prep. If the business has someone in-house doing the monthly accounting work but they need the tax planning & CFO piece, that could work. If the business just needs an outsourced bookkeeper, that's not what we're looking for. Reach out to us with the need and we'll see if it makes sense.
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.
14074 Trade Center Drive
Suite 201
Fishers, Indiana 46038
(317) 207-0480
We are proactive accountants that communicate with our clients and their advisors. We are CFOs that understand the impact that business decisions have on the owner’s personal finances. We spend 75% of our time looking forward and 25% looking backward.
We basically took what business owners hate about traditional accounting firms and did the opposite.
We are built to serve, not built to scale.
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:
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.
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