AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Inspired Or Acquired
Craig Hausz - Are Accounting Firms or Wealth Management Firms More Valuable?
Aug 14, 2024
Craig Hausz, owner of CMH Advisors, discusses his journey in building a thriving CPA and wealth management firm alongside his wife. They recently made the Inc5000 list, thanks to six successful acquisitions. The conversation dives into the valuation differences between accounting and wealth management firms, exploring their revenue potentials and growth strategies. Craig shares insights on managing post-acquisition growth and the factors influencing the decision to sell a business, balancing personal and professional ambitions.
33:40
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The podcast emphasizes the contrasting valuation dynamics of CPA firms and wealth management firms, highlighting the significant impact of underlying EBITDA on firm value.
- Craig Hausz shares insights on the strategic growth of CMH Advisors, underscoring a balanced approach to acquisitions and personal life planning for future transitions.
Deep dives
Revenue Multiples in CPA vs. Wealth Management
The discussion highlights the differences in revenue multiples between CPA firms and wealth management practices. While wealth management often sells for a higher multiple, closer to 2.5 or 3 times revenue, underlying factors such as EBITDA reveal a more complex picture. For instance, some CPA firms may achieve higher EBITDA than their wealth management counterparts despite lower revenue multiples. This nuance in evaluation shows that revenue alone may not determine the value of a firm.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode