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Source Advisors
Source Advisors is a Fort Worth specialty tax firm that has secured over $2B in R&D tax credits since 1983, led by CEO David Hinshaw.
Source Advisors
At Source Advisors, relationships matter. Trust, integrity, and hard work are core values that have driven our success and created partnerships with many of the nation’s most prominent accounting firms, associations, and Fortune 1000 companies. We filter every decision through these principles and do the right thing for our clients, team members, CPA firms, and partners. Source Advisors is a global (USA & UK) specialized tax consulting firm providing R&D Tax Credit, Cost Segregation, Energy Efficiency (§179D & §45L), Sales & Use Tax, Investment & Production Tax Credits, Commercial Property Tax Consulting, and LIFO inventory solutions for more than 40 years. We partner with companies and CPA firms as an advisory source in maximizing government-sponsored tax credits, deductions, and incentives. Our team of experienced CPAs, attorneys, engineers, technology experts, and Big Four professionals help companies save money, minimize risk and create cash flow to stimulate businesses and drive overall growth. We are experts in the legislation that governs these incentives and assist CPA firms and companies navigate the laws that continue to evolve and change.
General information
Firm type
Asset Manager
Year founded
1983
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Fort Worth
Corporate office
Fort Worth, TX, United States
Principals
David R. Hinshaw
Chief Executive Officer
Sector focus
Frequently asked questions
How does Source Advisors generate its economics?
Source Advisors earns fees by identifying and documenting tax credits, primarily the R&D tax credit under IRC Section 41. Fees are typically structured on a contingency basis — a percentage of the credit identified — or as fixed-fee engagements. The firm does not sell products, hold client assets, or cross-sell audit or wealth-management services.
Is Source Advisors a family office?
No. Source Advisors is an independent specialty tax-consulting firm. It is privately held and does not manage wealth for a single family or operate as a multi-family office. Its revenue comes from fee-based consulting engagements, not from managing or deploying a family's proprietary capital.
Who runs investment decisions at Source Advisors?
Source Advisors does not make investment decisions in the sense of deploying capital into operating companies, real estate, or public equities. CEO David Hinshaw leads the firm's overall strategy, and practice leads direct teams of engineers and tax professionals to evaluate client R&D activities. There is no CIO or investment committee because the firm functions as a professional services provider, not an allocator.
What types of companies does Source Advisors typically work with?
The firm works with mid-market companies, often privately held or family-owned, across manufacturing, software, architecture and engineering, construction, and food processing. Many clients are referred by CPA firms that lack in-house specialty tax resources. Source Advisors also collaborates with counsel on large IRS controversy cases involving R&D credit claims.
Is Source Advisors structured as a single family office or does it operate more like a venture firm?
Neither. Source Advisors is a specialty tax-consulting firm. It does not pool third-party capital, take equity stakes, or manage family wealth. Its business model resembles a professional services firm — akin to a boutique law or engineering consultancy — that is compensated for identifying tax-credit opportunities, not for deploying investment capital.
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