Aldrich Company

Aldrich Company: Comprehensive Overview

1. Company Overview

Founding Date and Background

Aldrich Company, originally founded in 1973 as AKT, has evolved into a leading regional firm of independent certified public accountants and business consultants. Over its fifty-year history, Aldrich has developed a reputation for providing a comprehensive range of services to businesses, their owners, and employees, helping them achieve their financial goals.

Parent Company/Owernship Structure

Aldrich operates under a multi-entity structure, consisting of Aldrich CPAs + Advisors LLP, Aldrich Wealth LP, and Aldrich Capital Advisors LP. Each entity focuses on a specific area of financial services, including tax, accounting, wealth management, and corporate advisory services.

Headquarters Location

The headquarters of Aldrich Company is located at 5665 SW Meadows Road, Suite 200, Lake Oswego, Oregon, 97035, USA. This central location allows the firm to effectively serve clients across the western United States.

Global Business Scope

Although primarily focused on the western United States, Aldrich serves a diverse clientele nationally, including private, public, and nonprofit organizations across various industries such as healthcare, manufacturing, construction, and telecommunications.

Main Regulatory Bodies

Aldrich is subject to regulation by several bodies, including the American Institute of Certified Public Accountants (AICPA) and the Financial Industry Regulatory Authority (FINRA), among others, depending on the specific services provided.

2. Company History and Development

Key Milestones

• 1973: Aldrich was founded as AKT.
• 1997: The firm expanded its services, evolving into Aldrich CPAs + Advisors.
• 2005: Aldrich Wealth LP was established to focus on wealth management.
• 2015: Aldrich Capital Advisors LP was formed to provide business transaction advisory services.

Business Expansion Journey

Aldrich has steadily expanded its footprint, growing from a single office in Oregon to multiple locations in California, Alaska, and other states. The firm has developed a diverse range of services to meet the evolving needs of its clients.

Customer Base Growth

Over the decades, Aldrich has served thousands of clients, including small businesses, large corporations, and nonprofit organizations. The firms commitment to personalized service and deep industry expertise has fostered strong relationships and customer loyalty.

Platform Development History

The company has invested in technology to enhance its service delivery, including the development of integrated financial management platforms that streamline client interactions and improve efficiency.

Important Awards or Recognitions Received

Aldrich has received various accolades, including being ranked among the top 70 accounting firms in the United States and recognized for its commitment to client service and industry expertise. Such recognitions affirm the firm's standing in the competitive landscape.

3. Trading Services Offered

Forex Trading Options

Aldrich does not specifically engage in forex trading services as a primary offering. Instead, its focus is on accounting, tax, and wealth management services. However, clients may receive advice on currency exposure and foreign investments as part of wealth management services.

Stock Trading Options

Aldrich Wealth LP provides advisory services that may include stock trading strategies for private wealth clients, focusing on long-term investment growth and risk management.

CFD Trading Products

While Aldrich does not directly offer Contracts for Difference (CFDs), its wealth management services may encompass strategies that involve derivatives and other investment products tailored to client needs.

Other Financial Instruments

Aldrich Wealth LP offers a broad range of financial instruments, including:

• Cryptocurrencies: Advisory on digital assets as part of a diversified portfolio.
• Commodities: Guidance on investing in physical commodities and commodity-related securities.

Special Services or Unique Advantages

Aldrich distinguishes itself through its integrated approach to financial planning, combining tax, accounting, and wealth management services to provide clients with a holistic view of their financial health.

4. Regulatory and Legal Background

Detailed Regulatory Information

Aldrich is regulated by several bodies, including:

• American Institute of Certified Public Accountants (AICPA)
• Financial Industry Regulatory Authority (FINRA)
• Securities and Exchange Commission (SEC) for investment advisory services.

Legal Entity Structure by Region

Aldrich operates multiple legal entities across different states, including:

• Aldrich CPAs + Advisors LLP: Focused on accounting and tax services.
• Aldrich Wealth LP: Registered investment advisory firm.
• Aldrich Capital Advisors LP: Provides advisory services for business transactions.

Client Fund Protection Measures

As a registered investment advisory firm, Aldrich Wealth LP adheres to fiduciary standards, ensuring that client assets are managed with the utmost care and in their best interest. Client funds are typically held in segregated accounts to enhance protection.

Countries/Regions Served

Primarily serving clients in the United States, Aldrich also provides services to clients with international interests, advising on cross-border taxation and investment strategies.

Compliance History

Aldrich maintains a strong compliance record, regularly undergoing audits and reviews to ensure adherence to regulatory standards. The firms commitment to transparency and ethical practices has bolstered its reputation in the industry.

5. Competitive Landscape

3-5 Main Competitors

Aldrich competes with several firms in the accounting and advisory space, including:

• Moss Adams LLP
• Grant Thornton LLP
• BDO USA LLP
• RSM US LLP
• Crowe LLP

Positioning in the Industry

Aldrich positions itself as a top regional firm with a strong focus on personalized service and deep industry expertise. Its integrated approach to financial services allows it to meet the diverse needs of its clients effectively.

Market Differentiation Factors

• Integrated Services: Offering a comprehensive range of services that combine accounting, tax, and wealth management.
• Industry Expertise: Specialized knowledge in various sectors, including healthcare, construction, and manufacturing.
• Client-Centric Approach: A strong emphasis on building long-term relationships and providing tailored solutions to clients.

Conclusion

Aldrich Company has established itself as a prominent player in the accounting and advisory industry, demonstrating a commitment to client service and industry expertise. With a rich history and a diverse range of services, Aldrich is well-positioned to continue supporting businesses and individuals in achieving their financial goals.

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