Search

For more information about BKD Forex Broker company profile, come to WikiBit!

Rating Index

Pros

User-friendly trading platforms (MT4/MT5) that cater to both beginners and experienced traders.
Offers a variety of trading tools and features, including copy trading and customizable charts.
Full licensing assures clients of a certain level of compliance and operational standards.

Cons

Lack of regulatory supervision raises concerns about the safety and security of funds.
Limited market access, as services are primarily focused on the Chinese market.
Negative equity protection is a risk factor that could lead to significant losses for traders.

BKD Company

BKD Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

BKD, LLP, originally known as Baird, Kurtz & Dobson, was founded in 1923 by William Baird, Wade Kurtz, and Claire Dobson. The firm has grown significantly since its inception, evolving into one of the largest CPA and advisory firms in the United States.

Parent Company/Ownership Structure

BKD operates as an independent firm and is not a subsidiary of any larger entity. It is structured as a limited liability partnership (LLP), which allows for shared ownership among its partners.

Headquarters Location

The headquarters of BKD is located in Springfield, Missouri, at 3230 Hammons Boulevard. This central location positions the firm effectively to serve clients throughout the United States and internationally.

Global Business Scope

BKD serves clients across all 50 states and has a growing international presence. With a workforce of over 3,300 employees and 41 offices, the firm provides a wide range of services that include risk management, technology consulting, wealth management, and forensic accounting.

Main Regulatory Bodies

BKD is subject to oversight by several regulatory bodies, including the American Institute of Certified Public Accountants (AICPA) and various state boards of accountancy. These organizations ensure that BKD adheres to the highest standards of accounting and advisory services.

2. Company History and Development

Key Milestones

Since its founding, BKD has achieved several key milestones, including:

  • 1923: Establishment of the firm.
  • 1998: Launch of BKD Wealth Advisors, LLC, focusing on wealth management services.
  • 2022: Merger with Dixon Hughes Goodman (DHG), creating a combined revenue of approximately $1.4 billion and positioning the firm among the top 10 accounting firms in the U.S.

Business Expansion Journey

BKD has expanded its services and geographic footprint through both organic growth and strategic acquisitions. The firm has acquired four companies in the last five years, focusing primarily on business services. This expansion strategy has allowed BKD to enhance its service offerings and increase its market presence.

Customer Base Growth

Over the years, BKD has developed a diverse client base that includes affluent families, corporations, governmental entities, and foundations. The firm currently manages more than $2.5 billion in assets through its wealth management division.

Platform Development History

BKD has invested in technology and platform development to enhance its service delivery. The firm utilizes advanced analytics and risk management tools to provide clients with tailored solutions that meet their specific needs.

Important Awards or Recognitions Received

BKD has received numerous accolades for its performance and workplace culture, including rankings among the top accounting firms in various industry publications. The firm was recognized in RIA Channel's annual ranking of the top 100 Registered Investment Advisors (RIAs).

3. Trading Services Offered

Forex Trading Options

BKD does not directly offer forex trading services, as its primary focus is on accounting and advisory services rather than trading platforms. However, its wealth management division may provide clients with insights into currency markets as part of a broader investment strategy.

Stock Trading Options

BKD Wealth Advisors offers investment management services that may include stock trading as part of a diversified portfolio strategy. Clients receive personalized investment strategies tailored to their financial goals.

CFD Trading Products

While BKD does not specialize in Contracts for Difference (CFDs), its wealth management team may provide guidance on various investment products, including derivatives, as part of a comprehensive financial strategy.

Other Financial Instruments

BKD's wealth management services may encompass a range of financial instruments, including:

  • Cryptocurrencies: Guidance on digital asset investments.
  • Commodities: Investment strategies involving physical goods.
  • Fixed income securities: Bonds and other debt instruments.

Special Services or Unique Advantages

BKD prides itself on its client-centric approach, offering bespoke financial planning and advisory services. The firm's expertise in various sectors, including healthcare, financial services, and technology, allows it to provide specialized insights and strategies for its clients.

Detailed Regulatory Information

BKD is regulated by multiple bodies, including:

  • American Institute of Certified Public Accountants (AICPA)
  • State Boards of Accountancy
  • Securities and Exchange Commission (SEC) for its wealth management services.

As a national firm, BKD operates through various regional offices, each adhering to state-specific regulations while maintaining compliance with federal laws.

Client Fund Protection Measures

BKD implements stringent client fund protection measures, including:

  • Segregation of client assets: Ensuring that client funds are kept separate from the firm's operational funds.
  • Regular audits: Conducted by independent third parties to ensure compliance and transparency.

Countries/Regions Served

BKD primarily serves clients in the United States, with a growing international presence. The firm has established relationships in various countries to facilitate cross-border services.

Compliance History

BKD maintains a strong compliance history, regularly undergoing audits and assessments to ensure adherence to regulatory standards. The firm has not faced significant legal challenges that would impact its operations.

5. Competitive Landscape

3-5 Main Competitors

BKD operates in a competitive landscape that includes several prominent firms, such as:

  • Deloitte
  • PwC (PricewaterhouseCoopers)
  • EY (Ernst & Young)
  • Grant Thornton
  • RSM US LLP

Positioning in the Industry

BKD positions itself as a leading CPA and advisory firm, focusing on personalized service and industry expertise. The firm's merger with DHG has further strengthened its market position, allowing it to compete more effectively against larger firms.

Market Differentiation Factors

BKD differentiates itself through:

  • Client-centric approach: Prioritizing strong relationships and tailored services.
  • Industry specialization: Expertise in sectors such as healthcare, financial services, and technology.
  • Comprehensive service offerings: Combining accounting, advisory, and wealth management services under one roof.

In conclusion, BKD Company stands as a reputable and growing player in the accounting and advisory sector, with a rich history, a broad range of services, and a commitment to client satisfaction. As the firm continues to evolve and expand, it remains well-positioned to meet the changing needs of its clients in an increasingly complex financial landscape.

Back to top

For more information on BKD Company and its services, please learn more.