Moss Adams Company Profile

Background

Founded in 1913, Moss Adams LLP is a leading professional services firm headquartered in Seattle, Washington. With over a century of experience, the firm specializes in accounting, consulting, and wealth management services, catering primarily to middle-market enterprises across various industries. Moss Adams is recognized for its deep industry knowledge and commitment to helping clients grow, manage, and protect their prosperity.

Key Strategic Focus

Moss Adams emphasizes a client-centric approach, offering a comprehensive suite of services that include tax planning, investment advisory, contract compliance, human capital advisory, and data analytics. The firm serves a diverse range of industries, such as aerospace and defense, agribusiness, construction, healthcare, and technology. By organizing its services around specific industries, Moss Adams ensures tailored solutions that address the unique challenges and opportunities within each sector.

Financials and Funding

As of 2023, Moss Adams reported annual revenues of approximately $1.3 billion, reflecting its substantial growth and market presence. The firm operates as a private partnership and does not publicly disclose detailed financial information or funding history.

Technological Platform and Innovation

Moss Adams leverages advanced technological platforms to enhance service delivery and client engagement. The firm has integrated data analytics into its offerings, enabling clients to transform into data-driven organizations with a competitive edge. Additionally, Moss Adams has launched AI consulting services to assist clients in navigating the complexities of artificial intelligence adoption and implementation.

Leadership Team

Eric Miles: Chairman and Chief Executive Officer

Dave Follett: President and Chief Operating Officer

Rebecca Pomering: Chief Practice Officer

Jeff Brown: Chief Risk Officer

Jen Wyne: Chief Talent Officer

Jamie Simmons: Chief Information Officer

These leaders bring extensive experience in professional services, guiding the firm's strategic direction and operational excellence.

Leadership Changes

In recent years, Moss Adams has experienced leadership transitions to support its growth and strategic initiatives. Notably, Eric Miles assumed the role of Chairman and CEO, bringing a renewed focus on innovation and client service. These changes reflect the firm's commitment to evolving in response to market demands and opportunities.

Competitor Profile

Market Insights and Dynamics

The professional services industry is characterized by a competitive landscape with firms offering a range of accounting, consulting, and advisory services. Market dynamics are influenced by technological advancements, regulatory changes, and evolving client needs.

Competitor Analysis

Moss Adams operates alongside several key competitors:

Deloitte: A global leader in audit, consulting, tax, and advisory services, known for its extensive resources and international reach.

Ernst & Young (EY): Offers a broad spectrum of professional services with a strong emphasis on innovation and technology integration.

KPMG: Provides audit, tax, and advisory services with a focus on delivering value through deep industry insights.

BDO: Known for its personalized service approach, BDO offers a range of assurance, tax, and advisory services.

Baker Tilly: Provides accounting and advisory services with a focus on middle-market clients, emphasizing industry specialization.

These firms compete on factors such as service breadth, industry expertise, technological capabilities, and global presence.

Strategic Collaborations and Partnerships

Moss Adams is a founding member of Praxity, AISBL, a global alliance of independent accounting firms. This affiliation provides clients with access to trusted expertise in over 80 countries, enhancing the firm's ability to serve clients with international operations.

Operational Insights

Moss Adams differentiates itself through a combination of deep industry specialization, a client-focused approach, and a commitment to innovation. The firm's West Coast roots and extensive regional presence enable it to understand and address the unique challenges faced by clients in these markets. By investing in technology and talent development, Moss Adams maintains a competitive edge in delivering high-quality services.

Strategic Opportunities and Future Directions

Looking ahead, Moss Adams aims to expand its service offerings, particularly in areas such as AI consulting and data analytics, to meet the evolving needs of clients. The firm is also focused on strengthening its presence in key markets through strategic mergers and acquisitions, as evidenced by its recent expansion in Dallas and California. By leveraging its industry expertise and technological capabilities, Moss Adams is well-positioned to drive growth and deliver value to clients in an increasingly complex business environment.