Expansion into Boston Market
Earned, a New York City-based tech-enabled financial services firm specializing in healthcare professionals, has announced the acquisition of Schwartz & Schwartz PC, a Boston-based tax and accounting firm serving dental practices and other healthcare providers.
- Financial terms of the deal were not disclosed
- The acquisition bolsters Earned’s tax planning and accounting resources
- Earned now has over 8,000 clients and $2.3 billion in assets under management
A Growing Presence in the US Healthcare Market
The acquisition marks Earned’s third acquisition in the past year, following the investment of $200 million from growth equity firms Summit Partners and Silversmith Capital Partners in July 2024.
| Key Partnerships | Summit Partners | Silversmith Capital Partners |
| Investment Amount | $200 million | July 2024 |
Enhanced National Expansion Strategy
Earned’s CEO, John Clendening, stated that the acquisition is a “major step forward in Earned’s national expansion strategy” and underscores the power of the firm’s integrated model.
“With more than 8,000 healthcare professionals and practices now under our care, we’re growing rapidly by combining best-in-class firms under one single, specialized brand. Schwartz & Schwartz strengthens our East Coast presence and builds on our strong track record of attracting healthcare-focused advisors.”
— John Clendening, Earned’s CEO
Integrated Model for Healthcare Professionals
Earned’s comprehensive model integrates wealth management, tax preparation and planning, retirement plans, accounting, payroll, and practice-specific financial guidance into a seamless experience.
- Designed specifically for healthcare professionals, including physicians, dentists, behavioral health therapists, and veterinarians
- Combines best-in-class firms under one single, specialized brand
- Offers a broad suite of services and advice to healthcare providers and practice owners
A Strong Partnership with Schwartz & Schwartz
Schwartz & Schwartz, founded in 1993 by brothers Andrew Schwartz and Richard Schwartz, provides tax preparation, accounting, payroll, and practice management services to physicians, dentists, and other healthcare providers. “Earned is aligned with our long-standing mission of providing superior financial services and client support to healthcare providers and practice owners so they can spend more time caring for their patients,”
“We’ve spent more than three decades helping our clients succeed, and now we’ll be able to offer an even broader suite of services and advice to the physicians, dentists, and behavioral health practitioners we serve.”
— Andrew Schwartz, Schwartz & Schwartz’s founder
Future Growth and Expansion Plans
As part of its M&A strategy, Earned is actively seeking additional tax and accounting firms, insurance firms, registered investment advisors, and other financial service providers with strong doctor client bases. “We’re looking for firms that share our commitment to delivering exceptional client service and our passion for helping healthcare providers succeed,”
“We believe that our integrated model will continue to attract top talent and drive growth in the years to come.”
— John Clendening, Earned’s CEO
Definition of Integrated Model
Earned’s integrated model refers to its comprehensive approach to providing financial services to healthcare professionals.
Awards and Recognition
Earned has received numerous awards and recognition for its innovative approach to financial services.
- Named one of the fastest-growing private companies in the US by Inc. Magazine
- Recognized as a leader in the healthcare financial services industry by Forbes
Assets Under Management
Earned now has over 8,000 clients and $2.3 billion in assets under management.
| Assets Under Management | $2.3 billion |
Awards and Recognition
Earned has received numerous awards and recognition for its innovative approach to financial services.
- Named one of the fastest-growing private companies in the US by Inc.