Merging Financial Services: A Wave of the Future?

The city of Citrus Heights, CA is home to an innovative financial network of firms that continues to grow and offer a multitude of services to its clients.

Tax & Financial Professional Center, Inc. is way more than a CPA firm. The firm provides tax services to some 5,000 clients, but that's only the beginning. In addition to tax services, the firm provides accounting, mortgage, real estate, appraisal, advisory, insurance, business brokerage, and employee benefits administration services.

The firm also provides bookkeeping and payroll services, budget analysis, estate planning, business valuation, interim CEO services, fraud prevention and detection, forensic accounting, and lots more.

Tax & Financial Professional Center began as the brainchild of CPA and lead partner Bernard Bunning and has added many of its services by merging with or acquiring other firms. Providing a one-stop shopping selection for clients has proved successful. "The attraction is you can offer a single source solution that customers want," said Mr. Bunning.

Chief of operations, Chuck Hawking, commented that it is complicated to put together such an enterprise. The companies share cross-ownership. When a client comes in, they are guided to the company that can provide the appropriate service. "We see what the client needs, and we go out and find the solutions among all these disciplines," said Mr. Hawking.

John Arvinitis, president of Sunrise Vista Mortgage, one of the affiliated companies, summed it up: "This is the model of the future."

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