In The News: Mapping the Next Move

Now in its 36th year, accounting firm BFBA has turned its succession-planning expertise inward
At a time when only about one-third of partners in accounting firms are younger than age 50, five of the 13 BFBA partners are 45 or under.
By Comstock’s Magazine

“Before BFBA became the region’s largest locally owned accounting firm, there were four guys at a table in a dark corner of the Black Angus Steakhouse in Citrus Heights.

It was the summer of 1982, and the four soon-to-be founders of BFBA were all advancing at big-name accounting firms: Myles Brown and David Boyce worked for KPMG (then Peat, Marwick, Mitchell & Co.), and Craig Boyce (David’s brother) and Rob Fink were at Gallina LLP (now part of CLA).

Brown was grappling with the unappealing prospect of moving his family from Sacramento to a bigger city if he were to make partner. Meanwhile, the Boyce brothers were talking about running their own Sacramento firm. Fink also wanted the chance to run a new firm with people he trusted and enjoyed, say the others who were at the table that night.

The quartet met that first night to get acquainted. As they talked, enthusiasm spiked. By the end of the evening, they were picking a name for their new firm and deciding who might be managing partner (they ultimately decided on Brown). On July 1, 1983, they launched Brown, Fink, Boyce & Co.

For the next 25 years, the partners steadily grew the firm’s tax, audit and business advisory services. Then in 2008, they got a closeup of a problem plaguing companies.”

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Art and excerpts from an article first published in Comstock’s Magazine.