Brockway, Gersbach, Franklin & Niemeier, P.C. (BGFN, P.C.) Market Research Report

Background

Overview

Brockway, Gersbach, Franklin & Niemeier, P.C. (BGFN, P.C.) is a professional accounting firm established in 1976, headquartered in Temple, Texas. The firm offers a comprehensive suite of services, including audit assurance, taxation, accounting, consulting, litigation support, and financial planning. With over 50 years of experience, BGFN, P.C. has been a trusted advisor to businesses and individuals in Central Texas.

Mission and Vision

BGFN, P.C. is committed to providing outstanding quality accounting services, focusing on the financial success of its clients. The firm's mission is to deliver personalized and professional services that meet the unique needs of each client, fostering long-term relationships built on trust and excellence.

Primary Area of Focus

The firm specializes in serving privately held businesses, nonprofits, and individuals, offering tailored solutions to address their specific financial and accounting requirements.

Industry Significance

As a longstanding member of the American Institute of Certified Public Accountants (AICPA) and the Texas Society of Certified Public Accountants, BGFN, P.C. adheres to the highest industry standards, ensuring quality and reliability in its services.

Key Strategic Focus

Core Objectives

• Deliver high-quality accounting and financial services tailored to client needs.

• Maintain a close-knit, family-oriented work environment to foster employee satisfaction and retention.

• Expand service offerings to meet the evolving needs of clients in a dynamic financial landscape.

Specific Areas of Specialization

• Audit and assurance services

• Tax planning and preparation

• Accounting services, including compilation and general ledger assistance

• Consulting services such as estate planning, retirement planning, business consulting, and litigation support

• Specialized services for the construction industry, financial planning, and QuickBooks consulting

Key Technologies Utilized

BGFN, P.C. employs advanced accounting software and technologies to enhance service efficiency and accuracy, ensuring clients receive timely and precise financial information.

Primary Markets Targeted

The firm primarily serves clients in Central Texas, including Temple, Belton, Killeen, Waco, Gatesville, Georgetown, Round Rock, and Leander.

Financials and Funding

Funding History

As a privately held firm, BGFN, P.C. has not publicly disclosed specific funding details. The firm has sustained growth through organic development and reinvestment of earnings into expanding its service offerings and staff.

Recent Developments

In April 2025, the firm experienced the unexpected passing of President Stephen H. Niemeier. Following this, Cindy Franklin assumed the role of acting president, ensuring continuity in leadership and service delivery.

Pipeline Development

As a service-oriented firm, BGFN, P.C. does not have a product pipeline. Instead, the firm focuses on developing and enhancing its service offerings to meet the evolving needs of its clients.

Technological Platform and Innovation

Proprietary Technologies

BGFN, P.C. utilizes industry-standard accounting software and tools to provide efficient and accurate financial services. While specific proprietary technologies are not disclosed, the firm emphasizes the use of advanced technologies to enhance service delivery.

Significant Scientific Methods

The firm employs comprehensive training programs and certifications, including International Financial Reporting Standards (IFRS), to ensure staff are equipped with the latest knowledge and skills in accounting practices.

Leadership Team

Cindy Franklin

• Position: Acting President and Tax Partner

• Professional Background: Joined BGFN, P.C. in 2005, became a shareholder and principal, and assumed the role of tax staff manager.

• Contributions: Oversees tax services and has played a pivotal role in the firm's growth and client service excellence.

Terri Marshall

• Position: Tax Partner

• Professional Background: Joined the firm as a tax professional and advanced to partner, bringing extensive experience in tax planning and compliance.

• Contributions: Leads tax services, ensuring clients receive strategic tax advice and solutions.

Kerri Meier

• Position: Tax Partner

• Professional Background: With a strong background in tax law, Kerri has been instrumental in expanding the firm's tax services.

• Contributions: Provides comprehensive tax planning and consulting services to a diverse client base.

Heather Clark

• Position: Tax Partner

• Professional Background: Heather's expertise in tax compliance and strategy has been a valuable asset to the firm.

• Contributions: Manages complex tax matters and offers guidance on tax-efficient strategies.

Adam Haberer

• Position: Audit Partner

• Professional Background: Adam has a background in auditing and has risen through the ranks to become a partner.

• Contributions: Oversees audit services, ensuring adherence to regulatory standards and delivering high-quality audit reports.

Daniel Jones

• Position: Audit Partner

• Professional Background: With a focus on audit and assurance, Daniel has been a key contributor to the firm's audit practice.

• Contributions: Leads audit engagements, providing clients with reliable and insightful audit services.

Competitor Profile

Market Insights and Dynamics

The accounting services market in Central Texas is competitive, with numerous firms offering a range of services. BGFN, P.C. differentiates itself through personalized service, a close-knit team, and a long-standing reputation for quality.

Competitor Analysis

Key competitors in the region include:

• Smith & Smith CPAs: Offers comprehensive accounting services with a focus on small to mid-sized businesses.

• Central Texas Accounting Group: Provides a broad spectrum of services, including tax planning and business consulting.

• Temple Tax Services: Specializes in tax preparation and planning for individuals and businesses.

Strategic Collaborations and Partnerships

BGFN, P.C. maintains memberships with professional organizations such as the AICPA and the Texas Society of Certified Public Accountants, which enhance its credibility and provide access to industry resources.

Operational Insights

The firm's commitment to quality is demonstrated through its adherence to AICPA's peer review process, ensuring high standards in accounting and auditing practices.

Strategic Opportunities and Future Directions

BGFN, P.C. aims to expand its service offerings, particularly in financial planning and consulting, to meet the evolving needs of its clients. The firm also seeks to leverage technology to enhance service delivery and operational efficiency.

Contact Information

• Website: templecpa.com

BGFN, P.C. continues to uphold its legacy of providing exceptional accounting services, adapting to industry changes, and maintaining a strong presence in the Central Texas market.