Lawrence Advisory Services was founded by Toby Lawrence, a CPA with over 30+ years of experience working in or consulting with banks and credit unions all over the United States. Toby has been a bank president and CEO, a senior partner and owner in two national CPA and consulting firms and has served well over 150 different financial institutions in his career. He has also served banking regulatory agencies such as the Federal Deposit Insurance Corporation, the former Resolution Trust Corporation, and the Federal Finance Housing Agency that oversees the Federal Home Loan Bank system, Fannie Mae, and Freddie Mac.
The firm offers its clients the best of both worlds. The personal touch of a small firm and the depth and resources of a national firm. Lawrence Advisory Services has agreements in place with both Meyer-Chatfield, one the nation’s leading providers of bank officer life insurance and BDO USA Alliance, an independent network of over 400 independent CPA and professional service firms including BDO USA. Collectively, the group is the world’s 5th largest accounting and consulting network. We have the ability to consult with and bring the vast resources of these two organizations to the table to assist your institution.
The firm also provides internal audit, model validation services, and directors’ examination / supervisory examination services.
II. What We Offer
More experience and expertise
All of our consultants have at least 10 years of experience working in or serving financial institutions.
Depth of resources
Because we have the relationship with BDO, we have both local and national resources. If you have an opportunity you want to take advantage of or a problem you need to resolve, we have the expertise and resources to help you.
Friendly and timely service
We understand how important our client relationships are. We are friendly, always meet our agreed upon deadlines, and provide high quality and valued added service. We believe our clients are like our business partners because the more we help you succeed, the more successful we are.
We are less expensive than a typical national or regional professional services because we don’t have the overhead they do. We also have more resources and better expertise than most local firms.
Brooks Lodden, P.C.
Lawrence Advisory Services has a formal working relationship with Brooks Lodden, P.C., a 45 person West Des Moines, Iowa certified public accounting and consulting firm. Brooks Lodden has been in business over 60 years and is one of Iowa’s largest independently-owned accounting firms. The firm is well known for its commitment to quality, highly professional, and timely service. Our firm is based out of this firm’s offices and we are able to utilize their staff or consult with their shareholders on technical or complex accounting, tax, or business issues. Having this relationship provides us with depth and additional knowledge.
Brooks Lodden, P.C.’s website can be found at https://www.brookslodden.com/
BDO Alliance USA
Lawrence Advisory Services is also an independent member of the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. The BDO Alliance USA brings us the necessary tools to help us better serve our clients with greater flexibility, efficiency and cost effectiveness. The BDO Alliance USA is a subsidiary of BDO USA, LLP, and a Delaware limited liability partnership. For more than 100 years, BDO has provided quality service through 63 offices and more than 450 independent Alliance firm locations nationwide. The website for the BDO Alliance USA is located at https://www.bdo.com/about/bdo-alliance-usa.
Through one of the country’s leading providers of bank owned life insurance (BOLI) and credit union owned life insurance (CUOLI), Meyer-Chatfield, we can provide you with access to BOLI and CUOLI products that should increase the yields on your investment security portfolio 200 to 300 basis points on a pre-tax basis.
Meyer-Chatfield also has some propriety solutions to assist banks and credit unions significantly reduce or eliminate the liability associated with senior executive deferred compensation plans and reduce the cost of these plans.
The above alliances are the only formal relationships that Lawrence Advisory Services has. We do not accept any commissions or referral fees from any other vendor that we may refer to you