RBO Financial Solutions

What RBO Financial Solutions does

RBO Financial Solutions, Inc. is a founder-owned professional services firm headquartered in the Chicago metro area, operating two service lines: tax preparation and filing, and unclaimed property recovery. The firm is led by Bing Owens, who brings over 20 years of financial services experience, including prior tenure at HSBC where he reportedly recovered $15.8 million in unclaimed property for the bank. Today, those same capabilities are offered to individual and small business clients, with engagements spanning tax compliance and the identification and reclamation of unclaimed assets held by state governments.

The firm operates a human-led, services-only model with no proprietary technology platform; service delivery is conducted in person and via Zoom-enabled virtual consultations. The firm's only repeat named commercial client of note is Chicago Glow Girls, a small business in the Chicago area, with additional individual clients cited through testimonials. Distribution is primarily referral-driven and direct outreach, supported by a company website with a 2024 copyright and a maintained BBB A+ credential, along with membership in the Unclaimed Property Professionals Organization (UPPO).

Revenue is generated through professional service fees, with the unclaimed property line likely operating on a contingency or recovery-fee basis given the nature of the work. The firm has no external funding, no disclosed investors, and no headcount beyond the 1-10 employee range, indicating a lean, founder-dependent operating structure in which growth is constrained by the founder's individual capacity.

Name

RBO Financial Solutions

Legal name

RBO Financial Solutions, Inc.

Website

https://rbofinancialsolutions.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

RBO Financial Solutions is a founder-owned professional services firm led by Bing Owens, providing tax preparation and unclaimed property recovery services to individuals and small businesses in the Chicago metro area and via virtual consultations.

Ownership category

akta.pro rank

Product category

Tax Preparation & Unclaimed Property Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Offices of Certified Public Accountants (541211)

SIC

Finance Services (6199)

akta.pro primary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

akta.pro secondary industry

General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)

Keywords

• Tax preparation services
• Unclaimed property recovery
• Corporate accounting consulting
• IRS audit representation
• Small business tax filing

Headquarters

HQ city

Asheville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Tax Preparation Services: Individual and business tax preparation services including federal and state returns, tax planning, IRS representation, and multi-state compliance. Revenue appears to be generated through professional service fees for each engagement.
2. Unclaimed Property Services: Assists companies in recovering unclaimed property turned over to states, establishing due diligence programs to prevent unnecessary remittance, and training company staff. Services include identification and recovery of lost assets, due diligence reviews, state agency communication management, and compliance support.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

RBO Financial Solutions is a professional services firm offering individual and business tax preparation and filing, tax planning, IRS and state audit representation, and multi-state tax compliance. The firm also provides unclaimed property recovery and compliance services for businesses, including identification and recovery of lost or forgotten assets, due diligence reviews to prevent unnecessary remittance to states, state agency communication management, and on-site staff training.

Product overview

RBO Financial Solutions is a financial services firm offering two core service offerings: Tax Preparation & Filing and Unclaimed Property Specialists. Tax Preparation handles individual (Federal and State) and business tax returns (corporations, partnerships, LLCs), tax planning, audit representation, and multi-state compliance. Unclaimed Property Specialists helps businesses develop and implement unclaimed property strategies including asset recovery, due diligence reviews to prevent erroneous remittance, state agency communication management, and compliance support.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Preparation & Filing

Quantifiable outcome

• Over $15.8 Million in unclaimed property recovered during three-year period at Household International (now HSBC)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Greenback Tax Services: Specialty tax services firm focused on amended returns, IRS resolution, and related individual tax recovery services. Comparable to RBO in being a focused, niche tax services firm targeting individual and small-business clients with non-routine needs.
• TurboTax (Intuit): Leading DIY tax preparation software used by tens of millions of individual filers; explicitly referenced in an RBO client testimonial as a comparison point. Represents the alternative channel competing for the same individual tax preparation demand.

Broad incumbents

• H&R Block: Largest US retail tax preparation chain offering individual and small business tax filing across thousands of offices and a digital platform. Competes with RBO's individual and SMB tax preparation core offering at much greater scale but without the unclaimed property specialization.
• BakerHostetler: Major US law firm with a recognized unclaimed property and abandoned property practice advising corporate holders on compliance and recovery. Direct overlap with RBO's unclaimed property advisory offering, but operating at much larger scale and with legal practice capabilities RBO lacks.
• Ryan, LLC: Large firm specializing in tax services, state and local tax, unclaimed property, and other specialty tax advisory for corporate clients. Competes with RBO specifically in the unclaimed property space, serving larger enterprises at much greater scale.
• Liberty Tax Service: National tax preparation franchise serving individual and small business clients across the US and Canada. Competes for the same individual and SMB tax filer segment as RBO with a similar office-based delivery model, though without RBO's unclaimed property specialization.
• Jackson Hewitt Tax Service: National tax preparation franchise focused on individual filers and small businesses, with offices in retail locations. Directly comparable to RBO's individual/SMB tax preparation service line but operating at substantially larger scale and lacking the unclaimed property niche.
• Duff & Phelps (Kroll): Global advisory firm (now part of Kroll) with a dedicated unclaimed property and abandoned property practice serving corporate holders. Comparable to RBO in the unclaimed property niche, but operating at enterprise scale with multidisciplinary capabilities RBO does not have.

Others

• Unclaimed Property Professionals Organization (UPPO) member firms: Industry association of unclaimed property practitioners and corporate holders; RBO founder Bing Owens is a listed member. Member firms represent the most directly comparable peer set in the niche RBO operates in.

Direct peers

• Small business CPA / accounting practices (e.g., regional CPA firms): Boutique regional CPA and accounting firms offering tax preparation, bookkeeping, and advisory services to individuals and SMBs in local markets. Closest model-comparable peers to RBO in terms of size, service mix, and relationship-driven delivery, though unclaimed property is a distinguishing niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100063597667542

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RBO Financial Solutions