Peter Vander WallFounder driving creative community growth

Growing an accounting firm is much more like being an investment manager

Name: Growing an accounting firm is much more like being an investment manager
Uploaded: 2025-03-11T23:05:11+00:00
Duration: 38 s
Channel: Peter Vander Wall
Description: A short excerpt from a YouTube video by Peter Vander Wall arguing that running an accounting firm is more like being an investment manager than…

11 Mar 2025 · 1 min

Watch on YouTube

0:38

A short excerpt from a YouTube video by Peter Vander Wall arguing that running an accounting firm is more like being an investment manager than performing technical accounting work. The speaker emphasizes that firm leaders should focus on allocating resources and building world-class services rather than personally doing client-delivery accounting tasks.

Chapters

Growing an accounting firm is much more like being an investment manager than it is like being an accountant. So an accountant is what we call technical talent. You do the work, you crunch numbers, you do spreadsheets, you reconcile accounts, all the accountant stuff. An investment manager doesn't have a technical job role. Their only purpose is to allocate resources properly. We're going to invest in these funds and this stock and these bonds and this real estate property. Your job is to treat your business like a game of Monopoly. You look at the resources you have available, you move around the pieces until you've got a world class service. That doesn't happen if you're still playing accountant and being the technical talent in your company doing the actual client delivery.