Our Story
The Evolution of Copper Leaf Financial and the Davis & Hodgdon Advisory Group
The Beginning
In August of 1990 John W. Davis founded the CPA firm John Davis & Associates just as the economy was in the midst of an economic downturn. Having worked in both a large and medium sized firm he had seen how the approach for the accounting industry had been one of historical reporting and tax preparation rather than a proactive approach. With this in mind the practice was founded on the concept of focusing on planning, budgeting, and strategic planning.
Davis & Hodgdon CPAs
In the early 2000’s there was an increased demand among the nonprofit community for audit and attestation services, so in January 2005 he welcomed Bret L. Hodgdon as Partner to lead the Audit & Accounting Department and the firm was then renamed to Davis & Hodgdon Associates CPAs in 2006.
At the heart of proactive tax planning is a comprehensive review process, so to continue to expertly service a growing clientele it became necessary for the firm to grow and hire additional staff. There was also a need to service clients throughout Vermont so in July 2015, the Firm merged with a Rutland-based CPA firm. The merge represented a significant opportunity to serve clients throughout Vermont with an extensive range of services and expanded talent pool.
Launch of Copper Leaf Financial
As the tax practice thrived so did increased demand for financial planning and investment management services, and in 2003 the firm began offering financial planning services through the newly formed entity JDA Financial Services, LLC. Through the establishment of key third party alliances, clients were given access to comprehensive financial planning, investment advice and a full array of financial products and services. Since the beginning, the firm has differentiated itself with an investment philosophy that has centered around diversified index funds that cover the full market, knowing that no one index fund covers all of it.
In 2007 Bret earned the distinguished CERTIFIED FINANCIAL PLANNER™ professional designation. The CFP® certification, which John earned in 1987, is one of the most prestigious and well-known within the industry.
The firm rebranded its financial advisory services in 2015 as an affiliated and separately registered entity, *Copper Leaf Financial. In 2017 Copper Leaf continued to enhance their independence by becoming a Registered Investment Advisor (RIA) and a member of NAPFA (National Association of Personal Financial Advisors). In 2021 the firm moved from state registration to registration with the SEC, continuing to establish itself as a highly reputable fiduciary bound to serve in the best interests of their clients.
Introduction of Client Accounting Services (Convergent Accounting)
In 2016 the practice was thriving as they provided proactive advisory and tax services to entrepreneurs and business clientele throughout Vermont. By working closely with entrepreneurs, they developed a deep understanding of their pain points and biggest challenges which included frustration over time spent dealing with accounting-related tasks.
Simply put – business owners were spending too much time in the bookkeeping weeds. They were either trying to keep up with the tasks on their own or they were dealing with a high turnover rate of bookkeepers and a general lack of accurate accounting records. To address those challenges the firm launched a formal package of accounting and bookkeeping services referred to as RAD (Remote Accounting Department), which then evolved into Convergent Accounting.
Davis & Hodgdon Advisory Group Reorganization
In 2021 the firm made the decision to rebrand and reorganize under one newly identified umbrella, Davis & Hodgdon Advisory Group. Copper Leaf Financial retained its name, the CPA firm dropped “Associates” and became Davis & Hodgdon CPAs, and RAD was renamed to Convergent Accounting to signify a convergence of CFO services, bookkeeping and other client accounting services. The name changes reflect the organization’s evolving businesses, increased service offerings and the adoption of a new cohesive brand.
Environmental Mission
Copper Leaf Financial works towards social and environmental responsibility every day, striving to reflect the Vermont brand for more than 15 years.
- Our efforts have included the installation of solar panels which keep 16 tons of carbon from entering the atmosphere every year.
- The firm has implemented energy and waste reduction tasks to the daily routines of all staff members.
- We have analyzed and changed many of the brands of office supplies purchased to reflect the “30% post-consumer 100% recycled” goal, while keeping costs to a minimum.
For more information about our efforts and commitment to people, planet, and profit please click here.
Core Values
For over 30 years we’ve served clients throughout northern New England and upstate New York. During that time we’ve grown into a team of like-minded and driven individuals – all of whom embody the firm’s core values which guide us in our interactions with each other, our clients and our community.
We are a Firm made up of curious and inquisitive individuals. We are a solution-based organization that seeks continuous improvement. As individuals and collectively as a group we have the ability to think outside of the box with the goal of creating efficiencies and solving problems all while providing value for our firm and our clients.
We are fully committed to proactively helping our clients and staff. We are invested in their success. Our clients benefit from our deep focus and thoughtful problem solving that begins with our innovative approach and continues with our commitment to ensure that the work is completed with accuracy.
We are always focused on doing the right thing for our clients, staff, and community.
Do something wise today.
Schedule a time for a free consultation.