A Commitment to BMSS Clients & Employees
BMSS team members volunteering during one of the firm's bi-annual serve days.

A Commitment to BMSS Clients & Employees

As the landscape of the professional services industry evolves, many private equity firms are investing in accounting and advisory firms. We would like to take a moment to assure you that BMSS Advisors & CPAs is dedicated to maintaining its independence from outside investors.

Typically, when a private equity firm invests in a company, its goal is to grow the business and then sell it or take it public within three to five years for a profit. During this period, cost-cutting measures such as reducing staff and eliminating less profitable services are often implemented in addition to raising prices; all in an effort to increase the bottom line.?These steps will erode a firm’s customer service level over time.

While investing in an accounting business makes sense for a PE firm since the accounting profession is reliable with a predictable and steady stream of revenue, even in the face of economic downtown, BMSS believes it is in our employees’ and clients’ best interests to continue building upon what has brought us success over the past 30-plus years. Our primary focus is on delivering the exceptional client experience while maintaining a supportive and thriving workplace for our team. We want to be known not just as a successful firm, but as one of the best places to work in our communities, where employees are empowered to excel and grow professionally.

Unlike private equity-backed firms, we are not driven by the need for quick profits or short-term financial goals. Instead, our decision-making process is guided by our long-term vision to “Leave a legacy for future generations,” – a legacy of excellence and integrity. This means you will always have direct access to the decision-makers who are fully invested in your success and the continued growth of our firm. Our leadership team is deeply committed to maintaining a strong, client-first culture, and we believe the best way to ensure this is by remaining a fiercely independent firm.

In addition, we recognize that investing in our employees is essential to providing the exceptional client service you expect from us. We are dedicated to creating a work environment where our employees can have a life/work balance and, feel valued, supported, and motivated to contribute to the firm’s success. By fostering this culture of growth and support in our team, we are confident that we can remain your most trusted advisor now and for many years to come.

Ultimately, our commitment to independence allows us to make decisions with your best interests in mind, free from the pressure to meet the financial goals of outside investors. We believe this approach is not only the right one for us, but also the right one for you, our valued clients. We are proud to continue on this path, knowing the investments we make in our employees and in our firm’s culture will create lasting value for generations to come, and that our legacy will reflect the same level of dedication to client service and excellence you have come to expect from BMSS.

Dennis Sherrin CPA/CGMA

Influencing the accounting profession to keep PEOPLE first. Consultant, Advisor, Speaker, Mentor. Ask me about Project40.

2 周

Well said!

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