In the serene town of Chester, MD, Nicholynn Advisors is making a significant impact in the Client Advising Services (CAS) sector. Founded in 2020, this dynamic firm has quickly risen to prominence, earning recognition as one of Woodard’s Top 50 CAS Practices. Known for its innovative approach, personalized service, and commitment to client empowerment, Nicholynn Advisors is setting new standards in the industry.
Nicholynn Advisors thrives on values of empowerment through education, integrity and trust, collaboration and communication, work-life harmony, and purpose-driven impact. These principles guide every client interaction, ensuring businesses receive not only expert financial guidance but also the support needed to thrive. Jaime Thompson, CFO of the firm, emphasizes the importance of transparency and continuous learning.
With a team of two full-time and one part-time professionals, Nicholynn Advisors specializes in serving service-based businesses and nonprofits. Their core services include monthly bookkeeping and accounting, financial reporting and analysis, payroll management, back-office process outsourcing, and tax planning and strategy. This dedication to tailored solutions empowers clients to achieve their goals and build financial literacy.
A standout success story involves a marketing business owner who felt overwhelmed by their finances. Nicholynn Advisors cleaned up their financials and set up automated processes, providing real-time visibility into cash flow and profitability. Within six months, the business went from struggling to maintaining a healthy cash reserve, allowing the owner to pay themselves consistently and plan for growth. This transformation underscores the firm’s dedication to empowering clients through clarity and confidence.
Nicholynn Advisors and CFO Jaime Thompson have earned widespread industry recognition for their dedication to client success and professional advancement. In 2025, Nicholynn Advisors was named a Top 50 Client Accounting Services (CAS) Practice by Woodard, reflecting the firm’s impact and leadership in the space.
Jaime Thompson’s individual achievements further underscore this commitment. She has been honored with the Top 100 ProAdvisor Award for three consecutive years (2023–2025), recognized as a MACPA Woman to Watch Honoree in both 2024 and 2025, and nominated for Top 50 Women in Accounting annually from 2021 to 2024. Earlier in her career, she was named a 2020 Woman of Influence for Small Business by WELead. These accolades highlight her role as a leading voice in the accounting profession and a champion for excellence in client service.
Innovation is at the heart of Nicholynn Advisors’ operations. By balancing technology, strategy, and heart, they ensure clients understand and utilize their numbers effectively. Their commitment to education and empowerment fosters long-lasting relationships, making them more than just advisors, but part of their clients' teams.
Community engagement is equally important. By valuing transparency and fostering a supportive work environment, Nicholynn Advisors creates a culture of collaboration that benefits both clients and employees. This community-driven approach enhances client satisfaction and contributes to the firm’s overall success.
Nicholynn Advisors continues to inspire with its blend of professionalism, innovation, and client-centric service. As they look to the future, their commitment to empowering clients and fostering a positive community remains unwavering. Jaime Thompson’s advice to new CAS firms is insightful:
"Start with clarity. Know who you serve, what problems you solve, and how you deliver value. CAS isn’t just about providing outsourced accounting. It’s about becoming a true partner in your clients’ growth. The firms that succeed are the ones that lead with strategy, not just service. Take the time to define your ideal client, build processes that are scalable, and invest in the right technology early on. CAS success comes from the combination of systems, strategy, and heart. When you balance all three, that’s when your firm and your clients really thrive."
For more information about Nicholynn Advisors and their services, visit their website at nicholynn.com.
This spotlight is part of our Top 50 CAS Practices series. Stay tuned as we continue to celebrate innovation and excellence across the profession.
This article was written with the assistance of AI and edited by a human.