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  1. 1. From the Cincinnati Business Courier: one-of-cincinnati-s-largest-accounting.html EXCLUSIVE: One of Cincinnati’s largest accounting firms has a new chief SUBSCRIBER CONTENT: Feb 1, 2016, 1:54pm EST Updated: Feb 1, 2016, 2:11pm EST For the first time in its 25-year history, Cassady Schiller & Associates now has a managing partner who isn’t one of the founders. Cassady Schiller, one of Cincinnati’s largest accounting firms, promoted Mike Clark to the top slot as part of the firm’s succession plan. Clark takes the reins from David Cassady. Clark had been director of Cassady Schiller’s wealth management business. The 49-year-old Clark has been with Cassady Schiller for more FOR THE EXCLUSIVE USE OF MCLARK@CSA- CPA.COM Page 1 of 3Cassady Schiller & Associates names Mike Clark managing partner: EXCLUSIVE - Cinc... 2/1/2016
  2. 2. Mike Clark is Cassady Schiller's new managing partner. than 21 years, serving in several assignments and taking on growing leadership responsibilities. Cassady is now the firm’s chief growth officer. He’ll focus on increasing the number of client relationships, working more with clients, developing future leaders within the firm and continuing his involvement in the community. Cassady and Bob Schiller, who founded the firm 25 years ago, both will remain heavily involved in the firm, Clark told me on Monday in an exclusive interview. Each of them are in their late 50s. “I’m the bridge between the founding partners and the next generation,” Clark told me. “We started thinking about succession planning a couple of years ago. We decided we don’t need to merge to grow. David and Bob have been in charge here for 25 years. We decided not to wait until they’re not here to make this change.” Cassady and Schiller have no plans to leave anytime soon, Clark said. “They expect to be around here for quite a while,” he said. “Their line is they’re having fun and they plan to stay a while.” Clark plans to emphasize innovation at the firm. The tax season has been condensed because clients receive tax documents later than they used to. Cassady Schiller is using more technology to make it more efficient. That’s just one example, Clark said, of how it’s using technology to improve the service it offers to clients. Page 2 of 3Cassady Schiller & Associates names Mike Clark managing partner: EXCLUSIVE - Cinc... 2/1/2016
  3. 3. The firm also plans to expand the consultative services it offers, such as mergers and acquisitions, company valuation, succession planning and wealth management, he said. Plenty of accounting firms have merged lately, including five at the end of last year. The aging of partners who are nearing retirement has been a driving force behind the mergers. That makes Cassady Schiller’s move significant in that it reflects its plans to remain independent. “We feel like we have more opportunities if we don’t merge,” Clark said. “That doesn’t mean we wouldn’t acquire some smaller firms. But we’ve been approached a lot (by potential acquirers) and we’ve decided we want to continue the good thing we have going on.” Cassady Schiller made a couple of other changes at the same time. Jim McGrath takes Clark’s spot as director of wealth management services. McGrath joined Cassady Schiller in early September as a partner and has been involved in the wealth management services unit known as CSA Financial Advisors. He had worked in investment management for the previous 15 years, mostly with Johnson Investment Counsel. Heather Bucher, who had been CFO, is now COO. She’s in her early 40s and is part of the next generation of leaders that Clark mentioned. The firm has nine partners and 55 employees. It has grown steadily, at about a 10 percent clip per year on average, Clark said. Cassady Schiller is Greater Cincinnati’s 11th-largest accounting firm with 28 CPAs, according to the most recent Courier research. Steve Watkins Staff Reporter Cincinnati Business Courier Page 3 of 3Cassady Schiller & Associates names Mike Clark managing partner: EXCLUSIVE - Cinc... 2/1/2016