July 2025 Recap: Accounting Industry Firm Updates in 10 Mins

July was a defining month for the accounting profession. In just 31 days, we saw:

✅ Bold M&A moves redefining legacy + scale

✅ Strategic hires reshaping leadership pipelines

✅ New services tackling urgent client needs like IT, tax, and talent

From Franklin Alliance’s identity-respecting expansion to HTB’s foray into wealth management, the direction is clear: agility, specialization, and integrated growth.

Top Headlines at a Glance

• Franklin Alliance adds Robert Morris & Company, betting big on culture-led national growth
• UHY expands into Ohio with Flynn & Company
• CohnReznick is on a roll - PIASCIK combo + two powerhouse hires in CRE tax and private client services
• EisnerAmper launches EA Talent Solutions, signaling a pivot toward strategic hiring services
• HTB Wealth Advisors makes its debut in the wealth game

Meanwhile, firms like SolomonEdwards, Ascend, Smith + Howard, and Prager Metis are doubling down on high-demand niches, from outsourced CFO and managed IT to SALT and SSI strategies.

What It Means

This isn’t just a flurry of activity; it’s a strategic reshaping of how firms operate, compete, and deliver value. The profession is leaning into:

• Identity-driven M&A
• Multi-service advisory models
• Regionally empowered leadership
• Tech-first consulting capabilities

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