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Family Office of America reports developments in tax, wealth management, family office and accounting services. The company operates through subsidiaries, including Family Office of Maryland, and has expanded its service platform through the completed acquisition of accounting service assets from Toone & Associates, a Maryland CPA firm serving high-net-worth individuals and families.
Recurring updates for FOFA center on acquisition activity, CPA practice integration, governance matters and the buildout of integrated services for affluent family clients.
Family Office of America (FOFA) announced that subsidiary Family Office of Maryland has entered into an agreement to acquire certain assets of J F Kearney & Associates, P.A., a Maryland-based accounting and tax practice. This is FOFA's third acquisition in less than 12 months and is described as another step in building a diversified professional and financial services platform through strategic acquisitions and organic growth. After closing, the business is expected to operate as the JF Kearney Division of Family Office of Maryland, with founder James F. Kearney continuing to lead the division and remain active in client service and operations. FOFA believes the combination will preserve the practice's personalized client relationships while adding access to broader resources, technology, personnel and capabilities across bookkeeping, financial planning, estate planning, tax planning and wealth management.
Family Office of America (OTC: FOFA) reported its second quarter and first-half 2026 results for the period ended June 30, 2026. For the six months, revenue was $1.32 million versus $0 a year earlier, with net income of $232,570 compared with a net loss of $198,549 in the prior-year period. The company reported cash and cash equivalents of $636,887 and current assets of $809,972, up from $155,798 and $270,350, respectively, at December 31, 2025.
Second quarter 2026 revenue was $532,639, versus no revenue in Q2 2025, and the company posted a net loss of $31,219, narrowed from a $95,228 loss a year earlier. First-half revenue was generated by operating businesses Toone and Benson, acquired to build an integrated financial services platform. Management plans additional acquisitions in Montgomery County, Maryland and the greater Washington, D.C. market, to drive operating synergies, expand bookkeeping and recurring services, and deploy technology and AI to support productivity and margin expansion. The company also plans a transition of its common stock to OTCQB with an objective of seeking a Nasdaq listing, subject to requirements.
Family Office of America (OTC: FOFA) reported its first profitable quarter for the period ended March 31, 2026. Net revenue was $783,126 versus no revenue a year earlier, with net income of $263,789 or $0.01 per share and income from operations of $274,872.
EBITDA was $332,649 and adjusted EBITDA, excluding stock-based compensation and warrant expense, was $360,462. Cash rose to $343,220 from $155,798 at year-end 2025, and stockholders’ equity increased to $966,111. Results were driven by acquisitions and expansion of accounting and family office services.
Family Office of America (NASDAQ: FOFA) announced on February 12, 2026 that a subsidiary acquired substantially all assets of Donald M. Benson CPA, PA, a Florida accounting firm serving individuals, families, and closely held businesses.
The deal advances FOFA’s disciplined CPA roll-up strategy, expands regional family office services, retains Donald Benson to ensure client continuity, and follows a prior acquisition of Toone & Associates in Maryland as FOFA builds a technology‑enabled national platform.
Family Office of America (FOFA) announced that its subsidiary, Family Office of Maryland, acquired Toone & Associates on October 15, 2025, marking FOFA’s entry into the fragmented accounting services market.
The acquisition adds a Maryland-based CPA team with expertise in complex tax planning, preparation, and estate strategies for high-net-worth families and begins FOFA’s planned roll-up of CPA practices in affluent Maryland areas. FOFA highlighted a focus on AI-driven efficiency, a growing acquisition pipeline, and plans to extend family office services—investment advisory, personalized wealth planning, and risk management—to a broader client base.