SPC Financial, Inc. and Sella & Martinic, LLC Announce Congeneric Combination
We are writing to share exciting news that represents a natural evolution of our twenty-five years affiliation. Effective January 1, 2025, Sella & Martinic, LLC is combining its business with SPC Financial, Inc. to create a fully integrated, tax-efficient wealth management experience.
As you may know, our firms serve many mutual clients. We are now moving the tax practice of Sella & Martinic into SPC Financial® to allow us to deliver better integrated services.
For those of you who already work with both SPC Financial® and Sella & Martinic, this combination will streamline your experience as the trusted professionals of both businesses will work as one team.
For Sella & Martinic clients, this combination provides an opportunity to access additional services through multi-disciplinary, tax-integrated, human-centric wealth management professionals. While there is no current obligation to expand your relationship, we would welcome the opportunity to discuss how our combined capabilities might benefit your specific situation.
Together, our services will include wealth preservation, portfolio management, college funding, income tax preparation, income and estate tax planning, and retirement planning. You may view our investment advisory, management and financial planning services at spcfinancial.com.
Frequently Asked Questions
Following our custodial transition from Raymond James to Fidelity, SPC Financial® has greater independence to provide tax services directly to our clients, previously frowned upon in our Raymond James relationship. Also, many of our team members have had dual employment with and responsibilities to both SPC Financial® and Sella & Martinic. Under our new arrangement, all of our team members will be employed by and work only within SPC Financial®.
The tax preparation process will be similar to your previous experience. Notably, because we no longer operate a branch office of Raymond James and have transitioned our clients to Fidelity, we cannot directly access your Raymond James account documents, including your annual account statements and forms 1099. The 1099 forms will need to be provided by you to us, either by mail, in-person drop-off, or uploaded to your SPC vault (if applicable).
Even though SPC Financial® will be the entity preparing your tax returns and managing the tax and accounting fees, our plan is to keep in place the principal fee arrangements you have had with Sella & Martinic unless your scope of services is changed.
Currently, no action is required by you. We will be in touch over the coming weeks. SPC Financial® will provide a welcome packet with an updated client engagement agreement and tax organizer for your completion on or before January 15, 2025.
Please don’t hesitate to contact your tax advisor or Sella & Martinic’s office at 301-770-0200. We are available and prepared to address any concerns.
Next Steps
In the coming weeks, you will receive additional information from SPC Financial® and Sella & Martinic about this transition. Until then, please continue to work with your tax advisor and our team as usual. All existing services, fees, and arrangements will remain unchanged unless you choose to modify them.
As always, SPC Financial® remains committed to providing you human-centric service and professional guidance. If you have any questions, please don’t hesitate to contact your tax advisor or Sella & Martinic’s office at 301-770-0200.
Thank you for your continued trust. We look forward to building upon our strong foundation to serve you even better in the coming years.
Sincerely,
Edward G. Sella, CPA/PFS, CFP®
President & CEO, SPC Financial, Inc.
Partner, Sella & Martinic, LLC
Leo D. Martinic, CPA
Financial Advisor, SPC Financial, Inc.
Partner, Sella & Martinic, LLC