Basepoint Wealth, a fee-only wealth management firm based in Cedar Rapids, has acquired Charter Accounting, PLC in a transaction completed June 30. The acquired business will operate as an affiliate under the name Basepoint Tax & Accounting, LLC.
With the acquisition, Basepoint is establishing its first presence in the Des Moines metro area, adding to existing locations in Cedar Rapids, Dubuque and Davenport.
“This acquisition fulfills a strategic objective of gaining a presence in one of the fastest-growing metro areas in the country, and we’re excited to have made this first step toward establishing a strong base of operations in Des Moines,” Landis Wiley, Director of Business Development for Basepoint Wealth, stated in a release. “Having successfully executed six acquisitions and mergers over the past four years, we are poised for continued expansion across our markets through a delicate balance of organic growth and targeted acquisition.”
For nearly 25 years, Charter Accounting, PLC provided high-quality accounting services to individuals and businesses in Des Moines. The full-service accounting firm has prided itself on providing quality accounting, payroll, tax and consulting services to individuals and small businesses.
“I am very excited about the prospect of broadening the services that we can offer by affiliating with professionals adept at financial planning, investment management, and who understand the importance of independent, fiduciary advice for clients,” Mark McKee, principal of Charter Accounting PLC, stated in a release
Mr. McKee, and his team of licensed and certified accountants will remain with the newly named company. Ryan Watermiller, an Ankeny-based Basepoint Wealth advisor will operate from the Des Moines office on a full-time basis.
The merger will allow Basepoint to provide investment management and tax planning advice under one roof and allow individuals to benefit from tax advisors and financial planners who see the same data, and who follow a unified philosophy.
Basepoint Wealth, parent company of Basepoint Tax & Accounting was recently named one of the “Fastest Growing Companies” by the Corridor Business Journal.