Earned, a financial services firm specializing in healthcare professionals, has acquired Schwartz & Schwartz, PC, a Boston-based tax and accounting firm. This acquisition marks a strategic expansion into the East Coast market for Earned and enhances its integrated service model.
This move establishes Earned’s presence in the greater Boston area, a significant healthcare market. Earned, which serves over 8,000 clients and manages $2.3 billion in assets, aims to become a leading financial partner for healthcare professionals nationwide.
John Clendening, Founder and CEO of Earned, stated that the acquisition is a major step in the firm’s national expansion strategy, highlighting the strength of its integrated model. He noted that the company is experiencing rapid growth by consolidating best-in-class firms under a single, specialized brand, and that Schwartz & Schwartz reinforces its East Coast footprint while continuing to attract healthcare-focused advisors.
Earned offers a comprehensive suite of services tailored for healthcare professionals, including physicians, dentists, behavioral health therapists, and veterinarians. Its model integrates wealth management, tax preparation and planning, retirement plans, accounting, payroll, and practice-specific financial guidance into a streamlined experience.
Andrew D. Schwartz, CPA at Schwartz & Schwartz, affirmed that Earned aligns with their firm’s long-standing mission to provide superior financial services and client support to healthcare providers. He added that the partnership will allow them to offer an even broader range of services to their existing client base, which includes over 2,500 healthcare practitioners and more than 400 medical and dental practices.
Earned differentiates itself by combining personalized service with advanced technology, aiming to provide each client with tailored support from professionals who understand their specific financial circumstances and goals. This approach also attracts founders seeking to join a growth-oriented firm that can expand service offerings for their clients.
Earned has been undergoing a period of rapid strategic growth following a $200 million investment secured last year. The acquisition of Schwartz & Schwartz is the company’s third in the past year, succeeding the additions of Chahal & Associates, a West Coast-based tax and accounting firm, and Thomas Doll, an established financial services provider for healthcare professionals and medical groups. Earned continues to seek acquisitions of top-performing firms serving healthcare professionals, offering deal structures designed to benefit all stakeholders and provide growth opportunities.
