Brett D. Schwantes, CPA
Director, Wipfli Advisory LLC
- Location
- Wausau, WI
- Contact
- +1 715 843 7404
Brett Schwantes has more than 25 years of experience working closely with financial institutions and is the leader of the audit and accounting committee for the financial institutions practice of Wipfli and a member of Wipfli’s Accounting Standards Advisory Group. He advises clients on various unique and complex issues such as derivatives, fair value measurements of financial instruments and the new CECL accounting standard. Brett also consults with clients on the impact of new accounting standards and how best to implement them to avoid negative consequences whenever possible.
Brett shares his knowledge and understanding of current accounting trends and issues with other professionals through professional organization meetings, including FMS Finance & Accounting Forum, the National Directors and CEOs Leadership Convention, the WICPA and ICPAS Financial Institutions Conferences, the Banking CPAs annual conference, the CBAI Annual Convention and Wipfli’s annual Community Banking Forums. In addition, he has authored several articles that address new and technical accounting issues affecting the financial institution industry.
- Financial institution audit and accounting services
- Investment company audits and examinations
- SEC, FDICIA, HUD, and other regulatory reporting
- Asset/liability analysis and assistance with interest rate swaps and other risk management tools
- Certified Public Accountant
- American Institute of Certified Public Accountants (AICPA) - Member
- Wisconsin Institute of Certified Public Accountants (WICPA) - Member
- WICPA Financial Institutions Conference - Past member and planning task force chair
- Banking CPAs – Past member and executive committee chair
University of Wisconsin-Eau Claire
- Bachelor of business administration degree in accounting - Graduated summa cum laude
Latest case studies, resources, and insights
ARTICLE | BANKS
FASB issues new accounting standard for purchased loans
ASU 2025-08 significantly simplifies accounting for purchased loans. The new standard improves consistency in financial reporting, particularly for M&A transactions.
WEBINAR | FINANCIAL SERVICES
December CFO roundtable: Audit, accounting and tax update
The December CFO roundtable covers key audit, accounting and tax updates for financial institutions. Get the info you need to prepare your organization for 2026 and beyond.
ARTICLE | BANKS
New FASB updates: How purchased financial assets accounting is changing
Explore how FASB’s proposed updates to purchased financial assets accounting could impact reporting practices and M&A accounting for financial institutions.
