The Accountant's 150th Anniversary Edition: Historic Firms
In the News
December 10, 2024 - Boulay PLLP, FITECODiscover the rich histories of two of PrimeGlobal's member firms, Boulay PLLP and Fiteco, as celebrated in the special 150th Anniversary Edition of The Accountant. This feature highlights their remarkable journeys and contributions to the accounting profession over the decades.
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Boulay PLLP, North America, became a member of PrimeGlobal in 1978.
How has the firm developed over the years?
Boulay was founded in 1934 and has experienced steady development through a combination of strategic moves. Over the years, the firm has prioritized organic growth—offering team members and partners more opportunities to expand their roles and responsibilities. This organic expansion has been complemented by fostering entrepreneurial investments within the firm, encouraging team members to develop new service lines. This not only keeps the firm innovative but also provides professional growth opportunities for team members. Additionally, Boulay has made strategic hires to enhance its expertise and better serve clients. By bringing in talented professionals with specialized skills, the firm has expanded its service offerings and stayed competitive in a constantly evolving marketplace.
What are the biggest changes to have impacted the operations of the firm?
Several significant changes have shaped Boulay's operations over time. One of the most notable is the firm’s expansion of consulting services for existing clients. This shift has allowed Boulay to deepen its client relationships, offering more comprehensive support beyond traditional accounting services. Another key change has been the firm’s broadened approach to attracting and retaining talent. Historically, Boulay focused on hiring locally, but in recent years has shifted to recruiting on a national level, recognizing that top talent can come from anywhere. Additionally, the integration of new technologies into day-to-day operations has been pivotal. As the accounting and consulting industry becomes more technology-driven, Boulay has embraced these advancements to streamline processes, improve client service, and maintain its competitive edge.
How has this firm contributed to the accountancy profession?
Boulay and its partners understand the importance of contributing to the broader accountancy profession. The firm has long been a leader at the state level, with team members serving in leadership roles within the Minnesota Society of CPAs. This involvement has allowed Boulay to help shape the direction of the profession and contribute to its evolution. Moreover, many Boulay team members hold leadership positions in PrimeGlobal, an international association of independent accounting firms. Through these positions, Boulay has been able to influence best practices, share knowledge, and drive innovation within the profession.
What is the future of the firm?
Looking ahead, Boulay’s future is centered on fostering an environment where all team members can continue to practice their craft in meaningful ways. The firm aims to provide ongoing opportunities for its team to pursue their passions, ensuring they remain engaged and innovative as the industry continues to evolve. By committing to remaining an independent firm, Boulay is focused on embracing change, serving its clients, and providing a supportive culture and meaningful professions for its team members.
FITECO, France, became a member of PrimeGlobal in 1989.
How has the firm developed over the years?
FITECO, was founded in 1967 by Jean CLEMENT and Maurice POTTIER and based in Laval (France), is an accounting, consulting, and auditing firm that supports business leaders, entrepreneurs, and project initiators. It offers a range of tailored services, including business creation/acquisition, management, taxation, transfer, wealth management, auditing, legal, and social services. Today, the company has over 3,000 employees spread across 132 offices.
How has this firm contributed to the accountancy profession?
FITECO is built on three core values: Human Focus, Expertise, and Proximity. In 2022, these values were enriched by a collaboratively formulated purpose : "All committed to the prosperity of territories, we take care of each individual for sustainable entrepreneurial momentum." This foundation reflects FITECO's commitment to its clients and employees while fulfilling a societal role.
The firm has grown over the years and is now structured around ten areas of expertise (audit, management, taxation, legal, wealth management, social, creation/acquisition, transfer, CSR, and training) to provide tailored support for various sectors such as commerce, agriculture, healthcare, social economy, and construction. In 2021, it launched FITAGRI, a brand dedicated to the agricultural sector, and joined the Agiragri group to deepen its expertise in this field.
In terms of geographical presence, FITECO has strengthened its territorial expansion to ensure proximity with business leaders, particularly through strategic partnerships, increasing its presence in the Auvergne-Rhône-Alpes, Occitanie, Hauts-de-France, and Centre-Val de Loire regions.
FITECO also invests in the development of its employees by offering individualized career paths and has established a School open to all to promote innovative training and skill hybridization, adapting to evolving job requirements.
What is the future of the firm?
In terms of digital transformation and CSR, FITECO supports companies in their digital transition through its My Fiteco platform, which offers management tools and a secure sharing space. The firm also provides services to help companies structure their CSR approach and address cybersecurity challenges, aiming to enhance their overall performance. FITECO positions itself as a key partner for sustainable and responsible performance.
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Boulay works with closely-held businesses, public companies and individuals who are, or who aspire to be, financially successful. Our focus is to help you protect your business, build your wealth and secure your future by partnering with you and integrating our depth of experience in accounting, tax, and other financial services designed to “help you get there.” Founded in 1934 and located in Minneapolis, MN, we employ more than 300 team members, including 42 partners and 100 Certified Public Accountants. Our firm has experienced a long history of consistent growth in revenue, employees, clients, and practice areas. This is a testament to both our people and loyal client base.
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Experts at your service.With 70 locations in France, in Paris and western areas, 1,800 employees and 142 million euros in total fee income in 2018, FITECO is positioned in the French Top 10 of accounting, consulting and audit firms. Since its inception in 1967, the firm has grown steadily. This development can be explained by the application of a sustainable strategy based on quality, innovation, continuous development of service provisions and a close personal relationship to customers.
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