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updated: 12/19/2020 12:28 AM

Itasca financial services firm is growing and evolving

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  • From left, Tyler Fates, Layne Bodily and Tom Parker

    From left, Tyler Fates, Layne Bodily and Tom Parker
    Courtesy of Alexander Gouletas

 
Submitted by Matthew Sharp

Fates, Bodily & Parker PLLC is a newly formed full-service financial firm catering to clients locally and nationally. The Itasca firm recently acquired McBeath, Fates and Ivers P.C. (MFI). The new entity formally launched Dec. 1, 2020.

"Larry, Tim, and I are thrilled that we've found the right home for our clients. Our clients are not just clients, they are friends, so we took the decision of where to merge our business very seriously. After a little over a year of working with Tyler, Layne, and Tom in a management capacity we knew we found the right place. We look forward to continuing to do the fun part of the business - meeting with clients and helping them run their businesses." -- Bill Fates, Partner, McBeath, Fates and Ivers P.C.

"We are ecstatic to have the MFI team become part of Fates, Bodily, and Parker. Larry, Tim, and Bill are great accountants, mentors, and have a lot to offer to our clients and staff. We look forward to carrying on their tradition of excellent client service, forward thinking ideas, and of course having fun while doing it." -- Tom Parker, Partner, Fates, Bodily & Parker PLLC

Tom Parker and Layne Bodily joined MFI in May 2019. By November 2019, they, along with Tyler Fates, took over management responsibilities of MFI. The three took over official ownership of MFI in September 2020 and began the process of expanding services and re-branding to Fates, Bodily & Parker PLLC.

The new entity offers all the pillars of traditional financial services firms and has added Virtual CFO to its offering. Many of their existing business clients are at a growth stage where CFO services are needed, but the high cost of hiring a full-time staff member for the roll presents challenges. The firm is happy to fill that void and hopes to increase its vCFO client base moving forward.

About McBeath, Fates and Ivers P.C.: MFI is a full-service accounting firm located in Itasca, IL. Since 1989, the partners have been dedicated to assisting business and individual clients accomplish their financial goals. They specialize in Tax Planning, IRS audit assistance, and Attestation services.

About Fates, Bodily & Parker: Fates, Bodily & Parker is a full-service accounting firm that is committed to helping businesses and individuals achieve success by harnessing the extensive professional knowledge of an ever-growing team coupled with the latest technology available. The company provides Outsourced CFO services, Tax Planning and Preparation, Attestation services, Wealth Management, and IRS assistance. For additional information about the company please visit fbpcpa.com.