It’s Official – A New Firm Is Unveiled

In November, IPA reported on the beginning of the mega-merger of Milwaukee-based Clifton Gunderson and Minneapolis based LarsonAllen. On Jan. 2, CliftonLarsonAllen (CLA) unveiled their new look and laid the foundation for the future.

CLA has more than $550 million in combined revenue, employs more than 3,600 professionals, including 500-plus partners, and will operate 90 offices across the country.

Organizationally, CLA is built around a holding company and three entities: CLA LLP, CLA Wealth Advisory and CLA Outsourcing. Both Gordy Viere, CEO of LarsonAllen and Krista McMasters, CEO of Clifton Gunderson, will continue as CEOs within the integrated firm. Viere will oversee the CLA holding company, the wealth advisory practice and the outsourcing practice, and McMasters will oversee CLA LLP, the public accounting practice.

“We’ll be the only Top 10 firm that focuses specifically on privately held clients,” McMasters tells IPA. “We can double our capabilities. That will be a strong competitive advantage, and will make CLA a viable partner to other Top 10 firms to provide outsourcing services to their clients to help them avoid independence issues. It’s a safe move since we are not looking for the audit work,” says Viere.