St. George, Utah-based RIA Soltis Investment Advisors announced Tuesday that it acquired CPA firm GDM Private Financial Solutions, an addition that Soltis said enables it to now serve clients with coordinated wealth and tax advice.
The acquisition closed on March 31, Clark Taylor, CEO of Soltis, told WSR by email on Wednesday. “GDM will continue to operate under its existing brand for the time being,” he said.
Led by Alan Dance, GDM provides individuals, and small and medium-sized businesses, as well as their owners, with tax preparation, accounting and tax planning services.
Dance and GDM “have supported a few of our advisors' clients over the years with tax planning and tax prep services,” Taylor told WSR.
He added, “This naturally led to an introduction to our executive team as there is high client demand for in-house tax capabilities as part of Soltis’ comprehensive financial planning offering.”
“GDM is a natural extension of how we serve clients,” Taylor said in a news release. “We are increasingly seeing clients ask for more coordinated, in-house solutions, particularly around tax strategy.”
Taylor added in the release, “Alan and his team have the expertise that will allow us to provide these solutions, furthering the comprehensive services Soltis is known for.”
Dance will become Director of Tax at Soltis Tax Solutions, a Soltis affiliate, the RIA said. Dance and his 11-person tax and advisory team members “will work closely to integrate tax planning into the … broader wealth management approach” of Soltis, the firm said.
“Soltis shares our belief in proactive planning and long-term partnership, and together we will help new and existing clients navigate complexity with greater confidence,” Dance said in the news release.
“As we broaden our services, we are strengthening our position as a fully integrated advisory platform, now supporting clients with accounting and tax needs,” Tyler Finlinson, President of Soltis, said in the news release. “We’re excited about the momentum this creates and welcome the opportunity to partner with firms looking to enhance their capabilities.”
GDM is the first acquisition made by Soltis in 2026, Taylor told WSR. “We hope to have others throughout this year,” he said.
Soltis announced in August that it added Utah-based High End Financial, bringing over $500 million in client assets to the RIA. That was its only acquisition last year, Taylor pointed out.
“We are not an aggregator but strive to find the right firms to invest in to help us establish a national presence while also being able to provide a holistic offering to our clients,” Taylor explained.
In 2024, Soltis announced that private equity firms Estancia Capital Partners and LLR Partners agreed to invest in the RIA and help support its next growth phase.
The RIA has about $13 billion in assets under management and assets under advisement, Soltis said Tuesday.
Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
