Soltis Investment Advisors, a St. George, Utah-based registered investment advisor with over $10 billion in client assets, has acquired tax and accounting firm GDM Private Financial Solutions to expand its tax preparation offerings to wealth clients.
The 11-person team at GDM will join Soltis, which will be overseen by Alan Dance, who will take the title of director of tax at a new entity called Soltis Tax Solutions. Dance was a founder and partner at GDM for over 13 years.
The move is to take advantage of what Soltis CEO Clark Taylor said in a statement is the growing client demand for “coordinated, in-house solutions, particularly around tax strategy.”
Soltis joins other RIAs who are either acquiring CPAs to offer in-house solutions or creating formal partnerships. According to a Wealth Management survey of over 240 RIAs conducted at the end of 2025, 22% offer of tax preparation, though not necessarily in-house.
CPA partnerships have been part of wealth management for years through the creation of client referral networks, but Dance noted in a statement what he sees as the advantage of tax and wealth being provided by the same firm.
“In my 20 years of working alongside individuals, families and business owners, I’ve seen the impact of aligning tax strategy with broader financial decision-making,” Dance said.
Soltis has grown from about $6.8 billion in assets under management and administration since selling a majority stake to Estancia Capital Partners and LLR Partners in June 2024. Last year, it hired Jeffrey Harris away from RIA Carson Group to head M&A and partnerships.
GDM, which works with individuals and small- to medium-sized businesses, will change its name to Soltis Tax Solutions as an affiliate of Soltis Investment Advisors.
