Baker Tilly US, LLP

Baker Tilly’s Private Wealth team includes dedicated professionals from both Baker Tilly US and Baker Tilly Wealth Management, who work closely with families and family offices to navigate the complexity of wealth preservation objectives. We provide an array of customized solutions that integrate our core tax, assurance, business advisory and wealth management services to a particular family’s unique needs.
  • Snapshot
  • Interview
  • Vital Statistics
  • Resources

This information provided by Baker Tilly US, LLP

Company Overview

About Baker Tilly US, LLP

Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 148 territories, with 36,000+ professionals. The combined worldwide revenue of independent member firms is $4 billion.

About Baker Tilly Wealth Management, LLC

Baker Tilly Wealth Management, LLC (BTWM) is a registered investment advisor and wholly owned subsidiary of Baker Tilly with investment professionals nationwide. Our investment professionals have diverse backgrounds, including Certified Financial Planning Professionals™ and Certified Public Accountants, and offer a depth of experience with varied financial situations across a variety of industries. Our team offers a full range of services to address your personal and investment planning needs and leverages strategic partnerships to offer you integrated service solutions.

Disclaimer: Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Our Services

Baker Tilly US, LLP services

Tax planning

  • Multiyear projections, quarterly and year-end planning
  • Alternative minimum tax (AMT) planning
  • State and local tax
  • Global income tax planning
  • Individual, business and trust
  • Private foundations
  • Executive compensation including incentive, deferred and stock awards
  • Mergers and acquisition transactional services

Estate planning

  • Wealth transfer economic and tax analysis
  • Lifetime transfer planning
  • Testamentary transfer planning
  • Charitable giving and foundation planning
  • International wealth transfer tax planning
  • Planning for appropriate estate management and distribution
  • Planning for business owner succession
  • Dual jurisdiction international estate planning
  • Asset protection planning
  • Valuation services
  • Special needs and incapacity planning

Accounting and administration

  • Audit
  • Review
  • Compilation
  • Dispute, due diligence and risk services
  • Trust fiduciary accounting
  • Individual financial statement preparation, accounting and bookkeeping
  • Back-office services
  • Family enterprise accounting
  • Bill pay

Other financial planning services

  • Family office structuring
  • Retirement planning
  • Tax-efficient investment consulting
  • Insurance planning
  • Education funding
  • Family enterprise consultants

Baker Tilly Wealth Management, LLC services

Baker Tilly Wealth Management has an "outsourced family office model" with the following services:

Business management

  • Valuations
  • Exit planning
  • Executive retention benefits
  • Athlete and entertainer lifestyle services

Credit and liquidity management

  • Securities-based lending
  • Specialty asset financing
  • Home financing
  • Premier credit card programs

Philanthropic advisory

  • Donor Advised Funds
  • Charitable trust planning
  • Private family foundations

Technology

  • Leading data aggregation software
  • External performance reporting
  • Holistic financial planning and oversight
  • Risk management

Asset management

  • Premier equity and fixed income platform
  • Private placements
  • Direct real estate investments
  • Hedge funds
  • Private equity
  • Exchange funds

Trust and estate planning

  • Professional independent trust services
  • Generational wealth planning and education

Tax and advisory

  • Unique collaboration between investment and tax advisors

Disclaimer:

Baker Tilly Wealth Management, LLC (BTWM) is a registered investment advisor. BTWM does not provide tax or legal advice. BTWM is not an attorney. Estate planning can involve a complex web of tax rules and regulations. Consider consulting a tax or legal professional about your particular circumstances before implementing any tax or legal strategy. The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Securities, when offered, and transaction advisory services are offered through Baker Tilly Capital, LLC, Member FINRA and SIPC; Office of Supervisory Jurisdiction located at 4807 Innovate Ln., Madison, WI 53718; phone: +1 (800) 362 7301. Baker Tilly Wealth Management, LLC and Baker Tilly Capital, LLC are wholly owned subsidiaries of Baker Tilly US, LLP. Baker Tilly US, LLP, is an independently owned and managed member of Baker Tilly International. © 2021 Baker Tilly Wealth Management, LLC

See the Glossary for definitions of these metrics.

This information provided by Baker Tilly US, LLP

How does your firm deliver integrated services and what does that mean for your clients?: 

Baker Tilly and Baker Tilly Wealth Management assemble a team around each client’s needs, including accounting, tax, advisory and wealth management specialists. We also work hand-in-hand with each client’s other advisors such as attorneys, insurance agents, bankers, etc. Once we’ve assembled the team, priorities and schedules. We deliver an inclusive and cohesive approach to save time and preserve wealth.

What core services do you provide for your average client profile?: 

Baker Tilly US, LLP services

Tax planning

  • Multiyear projections, quarterly and year-end planning
  • Alternative minimum tax (AMT) planning
  • State and local tax
  • Global income tax planning
  • Individual, business and trust
  • Private foundations
  • Executive compensation including incentive, deferred and stock awards
  • Mergers and acquisition transactional services

Estate planning

  • Wealth transfer economic and tax analysis
  • Lifetime transfer planning
  • Testamentary transfer planning
  • Charitable giving and foundation planning
  • International wealth transfer tax planning
  • Planning for appropriate estate management and distribution
  • Planning for business owner succession
  • Dual jurisdiction international estate planning
  • Asset protection planning
  • Valuation services
  • Special needs and incapacity planning

Accounting and administration

  • Audit
  • Review
  • Compilation
  • Dispute, due diligence and risk services
  • Trust fiduciary accounting
  • Individual financial statement preparation, accounting and bookkeeping
  • Back-office services
  • Family enterprise accounting
  • Bill pay

Other financial planning services

  • Family office structuring
  • Retirement planning
  • Tax-efficient investment consulting
  • Insurance planning
  • Education funding
  • Family enterprise consultants

Baker Tilly Wealth Management, LLC services

Baker Tilly Wealth Management has an "outsourced family office model" with the following services:

Business management

  • Valuations
  • Exit planning
  • Executive retention benefits
  • Athlete and entertainer lifestyle services

Credit and liquidity management

  • Securities-based lending
  • Specialty asset financing
  • Home financing
  • Premier credit card programs

Philanthropic advisory

  • Donor Advised Funds
  • Charitable trust planning
  • Private family foundations

Technology

  • Leading data aggregation software
  • External performance reporting
  • Holistic financial planning and oversight
  • Risk management

Asset management

  • Premier equity and fixed income platform
  • Private placements
  • Direct real estate investments
  • Hedge funds
  • Private equity
  • Exchange funds

Trust and estate planning

  • Professional independent trust services
  • Generational wealth planning and education

Tax and advisory

  • Unique collaboration between investment and tax advisors
What is your firm's investment philosophy?: 

Baker Tilly Wealth Management uses a values-based financial guidance model. Through sophisticated discovery tools, we first seek to understand each client’s unique financial instincts as well as the underlying personal values that drive their decision-making. Once the groundwork is laid, we begin to access and develop a plan that helps satisfy not only our clients’ financial goals but also supports the things that are most important to them. Our goal is help our clients achieve financial peace of mind.

What are your firm's mission,vision and values?: 

Baker Tilly was founded in 1931 with one central objective: use our industry specialization to help our clients improve their businesses and that objective still holds true today. Our core values infuse our culture. They guide our decisions, inspire our actions and gauge how we do business. Our core values include:

  • Belonging: We foster a deep level of mutual respect where each one of us feels seen, heard, valued and connected. We commit to a diverse and inclusive workplace upheld by fairness, compassion and equality.
  • Collaboration: We are at our best when we work together. We build on our collective strength to achieve more than we can as individuals.
  • Integrity: We do the right thing, for the right reason, every day. Honesty, trust and keeping our promises are paramount to our success.
  • Passion: We put forth our best effort every day for the benefit of our people, our clients and our firm. There is a sense of urgency and relentless energy in everything we do.
  • Stewardship: We invest for the future with the intention of leaving everything better. We strive to make a positive difference and leave a proud legacy.

Baker Tilly Wealth Management holds the same values as Baker Tilly with an additional mission to provide institutional coverage to individual investors by delivering thoughtful, sophisticated advice in all aspects of our clients’ lives.

How are your client teams structured to deliver services to their clients?: 

Our client teams are first structured by geography. Each target geography has a private wealth team ready to serve clients in that region, comprised of tax, assurance, advisory and wealth management professionals.

How would you describe your ideal client?: 
  • Individuals with sufficient wealth - $20M+
  • Family owned businesses looking to sell or transition to the next generation
  • Large estates with +$20M in value
  • Philanthropists looking to establish legacies.
  • Entrepreneurs leading growth companies
  • Professional athletes and entertainers
What are the top three characteristics that distinguish your firm the most from your competitors?: 
  1. Our family office practice is focused on helping high net worth individuals, multigenerational businesses, privately-held ownership groups and family offices carefully manage the complexity of their organizations.
  2. Our solutions begin with each client. We work with our clients’ existing advisors, assembling a team around their needs, priorities and schedules. This customized approach is inclusive, cohesive and saves time while helping to preserve wealth.
  3. Baker Tilly’s private wealth team is composed of tax, assurance, business advisory and wealth management professionals and services to provide our clients with a fully integrated approach to their needs.
What communication methods have you used with your clients?: 

We believe in continuous communication. A proactive relationship is key to an effective relationship. Our clients benefit from an open dialogue in all phases of engagement.

What formal and informal client education programs does your company provide?: 

Baker Tilly sends out periodic newsletters, e-alerts and emails to our clients across industries and service lines. We also conduct complimentary webinars throughout the year. Through Baker Tilly International’s network of member firms, we also share thought leadership and receive opportunities to speak with other firms.

How do you approach risk analysis for your clients?: 

Baker Tilly Wealth Management blends complementary managers in a way that makes efficient use of their active risks. Achieving an optimal blend of active risk using a variety of risk measurement techniques, including bottom-up analysis at the manager level.

What are the credentials and qualifications of your firm management and staff?: 

Baker Tilly US, LLP has 4,600 professionals including 440 partners and 1,423 CPAs. We are ranked 9th by Inside Public Accounting 2021 ranking.

Baker Tilly Wealth Management, LLC has 25+ professionals including 20 wealth advisors including CFPs®, AEP®, CFA and other credentialed professionals.

Disclaimer: Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

What is your firm's expertise with alternative investments?: 

Baker Tilly Wealth Management’s values-based financial guidance approach helps us create a sensible balance of traditional and alternative assets based on client goals. We diversify between each asset class – across sectors, industries and countries – to provide strong, risk-adjusted returns over a specified time. We leverage core, satellite and alternative investments (private equity, private real estate, hedge funds) in our portfolio construction.

See the Glossary for definitions of these metrics.

This information provided by Baker Tilly US, LLP

Background

Year Firm Established: 
1931
Year Wealth Advisory Services Established: 
2014
Type of Firm: 
Registered Investment Advisor (RIA)

Stats

As of date: 
Thursday, July 15, 2021
Currency: 
Dollars
Total Employees: 
4 600

See the Glossary for definitions of these metrics.

Log in or join the free FOX Public Network and you'll be able to browse, search, and compare profiles.

Disclaimer: The listing of any firm in the Advisor directory, as well as any related profile, report, presentation or other information on this site, does not constitute a recommendation or endorsement by FOX of any firm listed therein, nor does it constitute any form of investment, legal or tax advice.    The information contained in any profile, report presentation or other information regarding Advisors has been provided by such Advisor without independent verification by FOX.  Accordingly, FOX makes no representation or warranty as to the accuracy or completeness of such information and assumes no liability for any inaccuracies or omissions therein. The “Leading Wealth Advisor” designation is not in any way based upon any client’s experience with, or endorsement of, such Leading Wealth Advisor.