AFO|Wealth Management Forward From Family Firm Roots to a Next-Gen Accounting Platform
Nov 22, 2024
Reyes Flores, founder and CEO of Platform Accounting Group, shares insights from his journey transforming boutique accounting firms. He discusses how combining AI technology with rich, multi-generational relationships enhances service quality. Reyes explains why family offices are ideal partners for patient capital, enabling long-term planning. The conversation covers staffing challenges, the retirement of senior partners, and innovative strategies for firm acquisitions, all aimed at ensuring local firms can evolve without losing their personal touch.
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Family Firm Background
- Reyes Flores's family had an accounting firm for 30 years, where he worked in various roles.
- This experience gave him intimate knowledge of these firms' operations and client relationships.
Boutique Firm Needs
- There's a significant need to support boutique accounting firms as the market changes.
- These firms face staffing challenges, partner retirements, and technology adoption issues.
Real-World Execution
- Embrace real-world execution, not just theoretical planning, when starting a business.
- Iterate based on real-world feedback and adjust your approach as needed.