UHY, a national accounting and advisory firm, has inked a deal to secure one of its largest regional footprints in the Empire State while sharply accelerating the buildout of its newly established wealth management arm.
On Monday, UHY announced has combined with RBT CPAs, LLP, the largest certified public accounting firm in New York's Hudson Valley.
The combination brings more than 175 professionals from RBT, including 23 partners, into UHY's national platform, according to a joint announcement from the two firms.
RBT has served businesses, individuals and nonprofit organizations in the Hudson Valley for more than 55 years and offers audit, tax, consulting, wealth management and transaction advisory services.
UHY Wealth Management RIA LLC, the firm's registered investment advisor, launched with the SEC in March. The Farmington Hills, Michigan-based RIA managing $103 million in assets across 90 accounts and six employees at inception, with a client base leaning toward pension and profit-sharing plans and high-net-worth individuals.
Once RBT's wealth management team is folded in, UHY said, the combined practice will manage approximately $1.5 billion in assets – a jump of more than 14 times the RIA's most recently disclosed total. UHY has not disclosed a target closing date for the integration of RBT's advisory book.
"As UHY continues our growth trajectory we are actively aligning with firms that share our values, especially when it comes to delivering next-level client service," said Steven McCarty, chief executive of UHY. "We will build on their commitment to client engagement by integrating our advanced technologies, proprietary international network, and national wealth management practice so we can focus on operational excellence and deliver more for all our clients for years to come."
Michael A. Turturro, chief executive and managing partner of RBT, framed the deal in terms of scale rather than strategy shift.
"We have built a firm that our clients and communities trust, and we did that by establishing a client-centric culture where our people could thrive," Turturro said. "[UHY's] culture of entrepreneurship, focus on the middle market, and commitment to personalized client service, mirrors who we are at RBT."
"This combination will give our team access to expanded resources and capabilities while allowing us to continue doing what we do best – delivering outstanding, relationship-driven accounting and advisory services to the businesses and individuals who count on us every day," he added.
RBT will fully integrate and operate under the UHY name, with its professionals gaining access to the larger firm's national resources and service capabilities. UHY said existing RBT client relationships will not be disrupted.
RBT is UHY's more than 15th strategic combination in recent years, part of a platform-building strategy that has recently expanded the firm's presence in South Carolina, Tennessee and Ohio.
That approach cuts against a wider pattern of tax and accounting firms getting swept up in the larger wave of RIA consolidation. Last month, Modera Wealth Management folded in a New Jersey tax practice to build out an integrated planning and tax group, an approach the firm considers central to delivering full-service, fiduciary wealth management that unifies investments, taxes and estate strategy. Creative Planning made a similar move in Florida when it agreed to acquire an accounting and advisory firm to extend its footprint through a combined accounting and wealth advisory platform.
One notable exception to that trend was Threadline Wealth, an independent RIA that previously operated as Moss Adams Wealth Advisors. The firm, which budded off from Baker Tilly, broke away with backing from Cynosure Group in the first quarter, joining hybrid RIA Steward Partners and Savant Wealth in Cynosure's wealth management portfolio.
The UHY tie-up also lands amid a record run of dealmaking across the wealth management industry. RIA merger and acquisition volume rose 27.3% year-over-year in 2025 to 466 announced transactions, according to Echelon Partners – the fastest growth rate the firm has recorded outside of 2021.
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