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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 (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.