Updated:
Walton Rahal CPAs PLLC
Walton Rahal CPAs PLLC is a family office oriented CPA firm in Oak Brook, IL, co-founded by James D. Walton and Michael A.
Walton Rahal CPAs PLLC
Walton Rahal CPAs PLLC was founded by James D. Walton and Michael A. Rahal in Oak Brook, Illinois. The firm evolved from a traditional CPA practice into a advisory engine for wealthy families, blending tax compliance with strategic wealth management. Strategy centers on tax-efficient direct investing across private credit, real estate, and infrastructure. The firm coordinates co-investments and directs capital into negotiated transactions alongside its client families. Portfolio exposure includes private credit funds and direct real estate holdings, though specific transactions are not publicly listed. The firm operates from a single Oak Brook office with a professional staff that serves approximately 50 families. Its revenue model is fee-based advisory and asset-based fees from managed portfolios. No philanthropic vehicle or operating company has been publicly identified. Unique among CPA firms, Walton Rahal structures itself as a fiduciary-manager hybrid, taking principal risk in select co-investments alongside clients. This alignment reduces agency conflicts common in traditional wealth advisory.
General information
Firm type
Family Office
Year founded
—
AUM
Undisclosed (Altss estimate)
Location
Region
North America
Country
United States
City
Oak Brook
Corporate office
Oak Brook, IL, United States
Principals
James D. Walton
Managing Partner
Michael A. Rahal
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Walton Rahal CPAs PLLC?
James D. Walton and Michael A. Rahal, both Certified Public Accountants, serve as Managing Partners and lead the firm's advisory and investment coordination activities.
How does Walton Rahal CPAs PLLC source proprietary deal flow?
The firm sources proprietary opportunities through its network of client families, legal advisors, and investment bankers. It does not maintain a traditional sourcing team.
Is Walton Rahal CPAs PLLC structured as a single family office or does it operate more like a venture firm?
It operates as a multi-family office embedded within a CPA practice, serving about 50 families. It does not manage pooled funds for external investors.
Does Walton Rahal CPAs PLLC participate in fund commitments or only direct deals?
The firm participates in both, but emphasizes direct co-investments alongside clients to align incentives. It also commits to select private credit funds on a discretionary basis.
What investment stages does Walton Rahal CPAs PLLC typically target?
The firm targets private credit and real estate across growth and stabilized stages, typically through negotiated co-investments rather than auctions.
Where does the underlying wealth come from?
The firm's client wealth originates from business ownership, often in manufacturing, professional services, and real estate development.
Does Walton Rahal CPAs PLLC maintain philanthropic structures, and how are they separated?
The firm advises separate charitable foundations and donor-advised funds for its clients, but does not operate a proprietary philanthropic vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: