Family Office of America has actively pursued strategic acquisitions to expand its CPA roll-up strategy and family office services platform, including the acquisition of Donald Benson CPA, PA in early 2026 and other acquisitions in late 2025.

• In February 2026, FOFA expanded its CPA roll-up strategy and family office services through the strategic acquisition of Donald Benson CPA, PA [N1].
• In October 2025, FOFA launched a bold expansion initiative with a strategic acquisition to grow its family office services platform [N2].

FOFA's strategy to consolidate CPA firms and provide integrated family office services addresses a significant market need driven by a large number of retiring CPAs and a shortage of new entrants. The company's recent acquisitions and expansion of service offerings demonstrate active execution of its roll-up strategy. By leveraging acquired firms' client relationships and retaining key consultants, FOFA can potentially build a scalable platform that offers comprehensive financial solutions beyond traditional CPA services. This integrated approach may enhance client retention and revenue diversification.

FOFA operates in a highly competitive industry with many established wealth management and CPA service providers. The company's early-stage status, net losses, and liquidity constraints as of the latest financial snapshot highlight financial and operational risks. The reliance on consultants rather than full-time employees may impact service consistency and scalability. Additionally, the success of the roll-up strategy depends on effective integration of acquired firms and realization of synergies, which can be challenging. Market dynamics such as regulatory changes or shifts in client preferences could also affect business performance.

Family Office of America's moat is based on its roll-up strategy targeting CPA firms facing succession challenges due to widespread retirements in the industry. By acquiring CPA practices and integrating them into a family office platform offering a broad suite of financial and wealth management services, FOFA aims to create value through consolidation and cross-selling. The company's approach to providing succession planning and exit strategies for retiring CPAs, combined with its platform services, may offer competitive advantages in attracting CPA firms. However, the wealth management and CPA services markets are highly competitive with many established players, which may limit differentiation. The company's early-stage status and reliance on acquisitions and consultants also present execution challenges.

• Liquidity Risk: The company reported a current ratio of 0.47 as of December 31, 2025, indicating potential liquidity constraints that may affect its ability to meet short-term obligations [S1].
• Execution Risk: FOFA's business model relies on successful acquisition and integration of CPA firms and retention of key consultants. Failure to effectively integrate acquisitions or retain consultants could impair growth and service quality [S1].
• Competitive Risk: The wealth management and CPA services markets are highly competitive with many established players. FOFA faces risks related to differentiation, client acquisition, and retention [S1].
• Financial Performance Risk: The company reported a net loss of $492,748 for the fiscal year ended December 31, 2025, reflecting early-stage operational challenges and the need for improved profitability [S1].
• Dependence on Consultants: FOFA operates without full-time employees and depends on consultants from acquired firms to provide services, which may impact operational stability and scalability [S1].

• Family Office of America, Inc. is an early-stage company focused on acquiring interests in CPA firms and providing family office services to CPA clients [S1].
• The company changed its name from Qualis Innovations, Inc. to Family Office of America, Inc. in December 2024, with ticker change from QLIS to FOFA [S1].
• Family Office of America offers integrated services including CPA services, tax planning and preparation, wealth management, asset management, estate planning, asset protection, insurance consulting, and investment banking [S1].
• The company aims to purchase minority or up to 100% ownership of CPA practices, providing succession plans and exit strategies for retiring CPAs [S1].
• Family Office of America competes in a large CPA industry estimated at $147.5 billion in 2023 with 1.44 million CPAs in the U.S., facing a shortage of CPAs due to retirements and declining exam takers [S1].
• The company has a subsidiary, Family Office of Maryland, LLC, incorporated in September 2025, providing family office services primarily in Maryland [S1].
• Recent acquisitions include assets from Toone & Associates LLP and Benson Family Office & Accounting Services, LLC, focusing on non-attest accounting services such as tax preparation and bookkeeping [S1].
• The company retains consultants from acquired firms to provide public accounting services excluding audit services, with multi-year agreements and structured payments [S1].
• As of the latest filing, the company has no full-time employees [S1].
• Financial snapshot as of December 31, 2025, shows current assets of $270,359 and current liabilities of $578,533, resulting in a current ratio of 0.47 and cash ratio of 0, indicating liquidity constraints [S1].
• Net loss for the fiscal year ended December 31, 2025, was $492,748 with basic and diluted EPS of -$0.02 [S1].
• Recent news highlights strategic acquisitions to expand CPA roll-up strategy and family office services, including the acquisition of Donald Benson CPA, PA in February 2026 and other acquisitions in late 2025 [N1][N2].