What Mowery & Schoenfeld does

Mowery & Schoenfeld is a privately held, founder-led accounting and advisory firm headquartered in Lincolnshire, Illinois, that has operated continuously since its 1996 founding. The firm delivers a full-service platform organized around assurance, business and individual tax, business advisory, client advisory services (outsourced accounting and CFO), transaction advisory, international tax, private client services, wealth management (through M&S Wealth), and capital advisory (through affiliated entity LCALLP). It serves primarily privately held businesses, entrepreneurs, and high-net-worth individuals and families, with additional industry-focused practices in not-for-profit, manufacturing and distribution, technology, healthcare, real estate, construction, and search funds. Underlying technology consists of standard professional-services tooling (QuickBooks Online for client accounting, SafeSend Returns for tax return delivery, and the proprietary M&S TaxCaddy for individual tax document management) plus a SOC 2 Type 2 certified IT and cybersecurity subsidiary, Xamin.

The firm operates from five offices — Lincolnshire (headquarters), Chicago, Lake Forest, Miami, and the Philippines — supported by approximately 20 partners and more than 200 staff. Mowery & Schoenfeld makes money through engagement-based professional-services fees quoted on a scope-and-complexity basis, with no publicly disclosed pricing. Its go-to-market is relationship-driven and partner-led, relying on referrals, industry reputation, a website RFP intake, and thought leadership across an Insights blog and resource center. The firm has grown organically without private equity investment and has explicitly used that independence as a positioning differentiator against the consolidation trend sweeping mid-sized CPA firms. In 2024 it merged with Hochfelder & Weber, and in 2025 it was named to the Inc. 5000 list of fastest-growing private companies in America.

Mowery & Schoenfeld's ownership remains with co-founders Jeffery Mowery (Managing Partner) and Keith Schoenfeld (Wealth Partner), with no parent company or external institutional capital. Its leadership bench includes practice-area partners across assurance, tax, transaction advisory, international operations, client advisory services, and wealth, many with Big Four tenure and advanced credentials. As of its 2026 30th anniversary, the firm reported annual revenue of more than $48 million, reflecting three decades of compounding organic growth from $0 in 1996. Strategic direction is oriented toward deepening cross-sell across integrated service lines, expanding the search fund and turnaround advisory verticals, and continuing tuck-in acquisitions rather than large-scale roll-up M&A.

Name

Mowery & Schoenfeld

Legal name

Mowery & Schoenfeld, LLC

Website

https://msllc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Mowery & Schoenfeld is a privately held, founder-led accounting and advisory firm serving privately held businesses, entrepreneurs, and high-net-worth individuals across the Midwest and Southeast U.S. from five offices, offering assurance, tax, advisory, transaction, wealth management, and capital advisory services.

Ownership category

akta.pro rank

Product category

Public Accounting and Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Management Consulting Services (54161), Computer Systems Design and Related Services (54151), Trusts, Estates, and Agency Accounts (525920)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282), Services-Management Services (8741)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

akta.pro secondary industries

Private Client/High-Net-Worth Advisory (FSAEAAAN), M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Privacy, Data Protection & Cyber Governance (GRC) (BPAHAFAF), Multi-Family Offices (MFOs) (FSAAADAB)

Keywords

• Public accounting services
• Tax compliance planning
• Business advisory consulting
• Transaction advisory services
• Wealth management services

Headquarters

HQ city

Lincolnshire

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Public Accounting & Assurance Services: Revenue is generated through professional service fees for accounting, audit, assurance, tax preparation, and advisory engagements. The firm bills for services rendered to private businesses, their owners, high-net-worth individuals, and not-for-profit organizations. Fee structures are quote-based, reflecting the professional services nature of the business.
2. Wealth Management: The firm generates additional revenue through Mowery & Schoenfeld Wealth Management, providing investment management, financial planning, and integrated tax planning services to high-net-worth clients.
3. Capital Advisory: Revenue from capital advisory services through the affiliated entity LCALLP, supporting business transactions and growth financing.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Mowery & Schoenfeld is a public accounting and advisory firm delivering assurance, tax, business advisory, client advisory (outsourced accounting/CFO), transaction advisory, international tax, wealth management, and capital advisory services to private businesses, their owners, entrepreneurs, and high-net-worth individuals. IT and cybersecurity services are delivered through its wholly-owned subsidiary Xamin. Engagements are partner-led and engagement-scoped across the firm's five U.S. and Philippines offices.

Product overview

Mowery & Schoenfeld is a top 150 advisory, accounting, and consulting firm that operates as a unified platform of integrated professional services. The portfolio centers on core accounting and tax services (Assurance, Business Tax, Individual Tax) combined with higher-value advisory offerings (Business Advisory, Client Advisory Services, Transaction Advisory Services, International Tax & Advisory). The firm extends its reach into adjacent wealth management and capital advisory through affiliated entities, while IT services are delivered via its SOC 2-certified subsidiary Xamin. The product architecture follows a full-service integrated model where individual service lines share client relationships and cross-sell opportunities, with specialized add-on tools like M&S TaxCaddy (document management) and SafeSend Returns (tax return delivery) enhancing the core tax service offerings. Industry-specific practices in construction, healthcare, manufacturing, technology, not-for-profit, real estate, and search funds provide sector depth alongside the generalist service platform.

Differentiator

Problem solved

Functional benefit

Brands

• Xamin: IT services subsidiary providing managed IT solutions, cybersecurity assessments, and advisory services through a SOC 2-certified operation.

Products and services

• Assurance Services Audit and attest services, financial reporting, forecasting and budgeting, benefit plan audits, revenue recognition, and lease accounting standards compliance for private businesses and not-for-profit organizations.
• Business Tax Services Tax compliance, planning, and strategic tax services for business clients, including tax incentives & credits, R&D studies, cost segregation studies, state & local tax, tax transaction services, and compensation & benefits optimization.
• Individual Tax Services Individual tax preparation and planning services for high-net-worth individuals and families, utilizing the M&S TaxCaddy secure document management tool for collection and delivery.
• Business Advisory Services Business strategy consulting, financial advisory, and risk management services to help private businesses navigate challenges and drive growth.
• Private Client Services Holistic tax planning, financial management, estate planning, family office services, financial planning, and wealth preservation for high-net-worth individuals and families.
• Client Advisory Services Outsourced accounting and CFO services that translate complex financial data into actionable insights, including on-site and cloud-based engagement models.
• Transaction Advisory Services M&A and search fund transaction support including quality of earnings, due diligence, transaction structuring, tax transaction services, and post-transaction integration.
• International Tax & Advisory Global tax planning, compliance, and advisory services for companies and individuals engaged in cross-border operations.
• Wealth Management Financial planning, customized investment management, and integrated tax planning services for high-net-worth families delivered through the affiliated Mowery & Schoenfeld Wealth Management practice.
• Capital Advisory Capital advisory services provided through the affiliated entity LCALLP to support client capital raising, financing, and transaction needs.
• Xamin IT Services SOC 2 Type 2 certified managed IT solutions, cybersecurity assessments, cloud infrastructure, and technology advisory services delivered through the firm's wholly-owned subsidiary Xamin.

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Three partnerships are on record, tiered core.

• Hochfelder & WebercoreStrategic or Co-development Partner · 8 February 2024Mowery & Schoenfeld merged with Hochfelder & Weber, a Chicago-based CPA firm, in February 2024. The merger strengthened the firm's market presence, included a strategic office relocation, and expanded expertise in new industries. Bob Olson, a Hochfelder & Weber partner since 1985, joined Mowery & Schoenfeld as a Tax Partner specializing in high-net-worth individual and family tax planning.
• XamincoreTechnology or IntegrationXamin is a subsidiary of Mowery & Schoenfeld providing managed IT solutions, cybersecurity assessments, and advisory services. Xamin is SOC 2 Type 2 certified, offering cybersecurity, cloud infrastructure, and IT risk management services that complement the firm's accounting and advisory offerings. The partnership enables the firm to provide integrated technology services to its clients.
• LCALLP (Capital Advisory)coreTechnology or IntegrationCapital Advisory services are offered through the affiliated entity LCALLP, providing business transaction advisory and capital formation support. This partnership extends the firm's service offering into capital markets advisory, complementing its M&A and transaction advisory services.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Plante Moran: Top-20 US accounting, tax, and advisory firm serving mid-market private businesses with a relationship-led, partner-driven model. Highly comparable to Mowery & Schoenfeld's integrated accounting + advisory + wealth platform, though materially larger.
• Wipfli LLP: Top-20 US accounting and advisory firm focused on mid-market private businesses, with industry specializations in manufacturing, healthcare, construction, and technology. Comparable to Mowery & Schoenfeld in client mix, service breadth, and Midwest origin.
• Crowe LLP: Top-10 US public accounting and advisory firm serving mid-market and large private clients across audit, tax, advisory, and risk. Comparable in service mix and target segments; significantly larger and broader in geographic reach.
• Baker Tilly US: Top-15 US accounting and advisory firm with strong mid-market focus, including transaction advisory, wealth management, and industry-specific practices. Comparable platform to Mowery & Schoenfeld; larger scale and broader geographic footprint.
• RSM US: Top-5 US mid-market accounting and advisory firm serving private businesses and their owners with tax, audit, consulting, and wealth services. Closely aligned in target customer and integrated service model, though materially larger and global.
• Eide Bailly LLP: Top-25 US accounting and advisory firm with a Midwest presence, serving private businesses, HNW individuals, and nonprofits. Comparable service portfolio, client segments, and growth trajectory; comparable scale to Mowery & Schoenfeld.
• Doeren Mayhew: Top-100 US CPA and advisory firm based in the Midwest with tax, audit, advisory, and wealth practices serving private businesses and HNW clients. Closely comparable in scale, geography, and integrated service platform.
• Clark Schaefer Hackett: Mid-market US CPA and advisory firm serving private businesses, HNW individuals, and family offices with assurance, tax, advisory, and wealth services. Closely comparable in service mix, client base, and scale; recently joined a national platform.
• Grassi & Co. Mid-market US accounting and advisory firm serving private businesses and HNW clients with a similar integrated service model including tax, audit, advisory, and wealth management. Comparable in scale, client mix, and relationship-led delivery model.

Emerging players

• Aprio LLP: PE-backed mid-market CPA and advisory firm growing rapidly through acquisitions, offering cloud accounting, tax, advisory, and managed IT. Comparable services and target clients, but operating model and capital structure differ materially given PE backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCFaW4HJCZff85j6c9nNqxHw
• Facebookfacebook.com/pages/Mowery-Schoenfeld-LLC/207661205942842
• LinkedInlinkedin.com/company/msllccpas
• Instagraminstagram.com/msllccpas
• Xx.com/msllccpas

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mowery & Schoenfeld