Percentage of CPA's starting their own business?

College Majors Business Major
1

<p>Hello everyone. </p>

<p>Well I was wondering if anyone could tell me about how many CPA's actually move on to owning their own business's. Would it benefit me double majoring in Accounting and Finance then moving on to working for an accounting firm or Financial Managament Firm if I plan on running my own business one day? My goal is to run a Financial Management Firm. I want to work with high net worth individuals and help them manage their money(Private Wealth Management), investments, Assets, and do estate planning. Maybe gain some connections their. Then I would love to go on to run my own confidential finacial management firm specializing in entertainment or just specializing in working with high net worth clients in general. I know these goals are almost at the verge of unrealistic but I really dont need opinion in that area. I'd just like to know if Accounting is good enough for the goal of becoming a Financial management professional/CPA or should I double major in Finance and Accounting or Accounting and Entrepreneurial Studies. No I dont have much experience in college (again I dont need judgement on that). Im about to transfer from a JC to a University. Sorry if I come off on the definsive. I havent been exactley welcomed to this site with respect from my last post. Some guy took my question and insulted me about ten times for asking a question so please... all ******s refrain from answering. Thanks in advance!!</p>

2

<p>Sounds totally unrealistic to me. If you want to start your own fancy firm and whatnot, you should worry less about some convoluted path to it and rather do what everybody else here is doing and try to just be very successful as a finance person and get your CFA or as an public accountant with a CPA. The more money you have the easier any kind of new venture will be(less fear of being homeless if you crash and burn) and the more rich people you know(from being conventionally successful) the more potential clients you have.</p>

3

<p>Wow.</p>

<p>That was definitely…creative.</p>

4

<p>Two points: </p>

<p>One: What you are describing is what most financial advisors offer. Why would a “high net individual” go to you when they could go somewhere like Vanguard or USBC, or any other brokerage service and pay lower fees for the same or better investment options. </p>

<p>Two: Maybe if you are serious about working with high net individuals who care about things like appearance and professionalism, or if you simply want people on here to take you seriously, you wouldn’t use a name like JSKEETZ - seriously.</p>

5

<p>This is not an insult. But, if you’re serious about doing all of that then you shouldn’t need to ask us for the chance of how many CPA can become that. It will all depend on you.</p>