Tax and Wealth Management, Inc. (TWM) is joining Cohen & Co, one of the top tax and accounting firms in the U.S. Based in downtown Cleveland, TWM is a boutique CPA firm serving individuals and families with complex tax, estate and financial needs. The transaction is expected to close in early January 2025.
Founded by Brian Gothot, through a spin-off of a global family office practice, TWM has approximately 15 employees. The firm focuses on custom tax and accounting advisory services to a concentrated group of clients, including family offices and ultra-high-net-worth individuals, and corporate executives working internationally.
“We have known Brian and the work of his TWM team for many years and have tremendous respect for each other, our similar firm cultures and client service philosophies,” says Chris Bellamy, Cohen & Co CEO. “This is a great strategic fit that will reinforce and build on our private client services specialized to family offices and high-net-worth individuals. TWM’s practice and next generation leadership will be an integral part of our accelerated growth in these areas.”
“The move to join Cohen & Co is right for us and serves as part of a longer-term succession plan for TWM,” says TWM Founder and President Brian Gothot. “We’ve been extremely impressed with their leadership team and the firm’s strategic vision. We are excited to join the Cohen & Co platform and make a meaningful impact together.”
All TWM professionals are expected to join Cohen & Co when the transaction closes, including Brian Gothot and TWM’s two managing directors, Doug Shostek and George Gothot, who will also be joining the firm as partners.
Calfee, Halter & Griswold LLP served as legal counsel to Cohen & Co. Michael P. Coyne served as legal counsel to TWM.
This acquisition adds to the firm’s ongoing growth journey. In October of this year, Cohen & Co announced a strategic investment by Lovell Minnick Partners to help accelerate its multi-year strategic plan focused on growth, people, technology, quality initiatives and service area interests of its clients. Other acquisitions over the past 18-plus months include BBD’s Investment Management Group out of Philadelphia, PA, and Szymkowiak & Associates CPAs in Buffalo, NY.