Registered investment advisor Soltis today acquired GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning services.
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GDM, based in Bellevue, Washington, provides accounting, tax and advisory services to small and midsized businesses and their owners. This transaction adds 11 employees to the Soltis team and enables it to offer wealth and tax advisory solutions to its clients.
“In my 20 years of working alongside individuals, families and business owners, I’ve seen the impact of aligning tax strategy with broader financial decision-making,” Alan Dance, head of GDM, said in a statement. “Soltis shares our belief in proactive planning and long-term partnership, and together we will help new and existing clients navigate complexity with greater confidence.”
Terms of the deal were not disclosed, but Dance will join Soltis as director of tax at Soltis Tax Solutions, an affiliate of Soltis.
“GDM is a natural extension of how we serve clients,” Clark Taylor, CEO of Soltis, said in a statement. “We are increasingly seeing clients ask for more coordinated, in-house solutions, particularly around tax strategy. Alan and his team have the expertise that will allow us to provide these solutions, furthering the comprehensive services Soltis is known for.”
Soltis is based in St. George, Utah, and has approximately $13 billion in assets under management.
Michael J Magee/Michael J Magee – stock.adobe.com
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