The Rise of Alternative Practice Structures
In a recent episode of Accounting Today’s podcast, David Wurtzbacher, Founder & CEO of Ascend, joins Bill Kelly, CEO of ConvergenceCo, for a candid conversation on the evolution of the alternative practice structure (APS) — and why it’s becoming a defining model for the future of accounting.
Hosted by Daniel Hood, this episode dives into how Ascend and ConvergenceCo are reshaping the profession with people-first platforms, strategic capital, and firm-friendly models that maintain independence while unlocking growth.
David shares what inspired Ascend’s founding vision, how trust and culture play a role in every partnership, and what makes this new wave of PE-backed growth different from “big-to-big” deals we’re seeing across the industry. Bill offers his perspective from the audit side, and the two reveal how the APS model works in practice — and why so many entrepreneurial firm leaders are embracing it.
🎧 You’ll have to listen to hear how Ascend’s model is helping firms “go further together” — and why this new structure might just be the smartest way forward.