What Selden Fox, Ltd. does

Selden Fox, Ltd. is a privately-held Certified Public Accounting firm headquartered in Oakbrook Terrace, Illinois, with a secondary meeting/training office in Naperville. Founded in 1978 by five partners who departed a national firm, the company delivers a coordinated multi-service platform across five core lines: Audit & Assurance (financial statement audits, reviews, compilations, internal audits, benefit plan audits, Single Audits), Taxation (corporate, individual, fiduciary, LLC/partnership, state and local, and international tax planning and compliance), Accounting Solutions (virtual CFO, month-end close, interim staffing, and outsourced bookkeeping), Business Valuations (via its wholly-owned BVA subsidiary, acquired 1997), and Consulting (forensic accounting, succession planning, outsourced marketing, and strategic advisory).

The firm serves clients across at least eleven industry verticals — auto dealers, benefit plans, closely held businesses, credit unions and banks, entrepreneurs and executives, family offices, governments, insurance, manufacturing, nonprofits, and technology — with nonprofits representing more than 25% of business and engagements spanning entities with budgets up to $150 million. Operations are supported by roughly 70 employees, including 55 professional staff, leveraging standard SaaS infrastructure (Suralink for secure client portals, Aiwyn for invoicing and payment financing) and MGI Worldwide network membership for cross-border engagements.

Revenue derives from fee-based professional services engagements, with payment terms offering electronic funds transfer (no fee), credit card (3% processing fee), and third-party invoice financing via Aiwyn ($2,000 minimum, 3-12 month plans). Go-to-market is sales-led through referrals, professional networks, community involvement in the Chicago metropolitan area, and thought-leadership content marketing via newsletters, blog, and LinkedIn.

Name

Selden Fox, Ltd.

Legal name

Selden Fox, Ltd.

Website

https://seldenfox.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

Selden Fox is a privately-held Chicago-area CPA firm founded in 1978, providing audit, tax, accounting, valuation, and consulting services to closely held businesses, nonprofits, auto dealers, credit unions, governments, manufacturers, technology firms, and family offices across Illinois.

Ownership category

akta.pro rank

Product category

Professional Accounting Services

NAICS

Management, Scientific, and Technical Consulting Services (5416), Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Litigation Support & Expert Witness (Valuation-Related) (BPAHANAG)

akta.pro secondary industry

Fraud Risk & Financial Crime Controls Advisory (BPAKADAL)

Keywords

• Audit and assurance
• Tax preparation services
• Outsourced accounting services
• Business valuation services
• CFO advisory services

Headquarters

HQ city

Oak Brook

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services - Audit & Assurance: Financial statement audits, reviews, compilations, agreed-upon procedures, internal audits, and benefit plan audits for businesses, nonprofits, and government entities.
2. Professional Services - Taxation: Corporate tax planning and compliance, individual tax planning, fiduciary and trust tax services, LLC and partnership taxation, state and local tax, international tax, and business tax incentives including R&D credits.
3. Professional Services - Accounting Solutions: Virtual CFO services, month-end close, outsourced accounting, bookkeeping, interim accounting staff, and financial reporting services.
4. Professional Services - Consulting: Business valuations, forensic accounting, succession planning, outsourced marketing, and strategic advisory services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Selden Fox, Ltd. is an Illinois-based CPA and advisory firm that provides audit and assurance, taxation, outsourced accounting, management consulting, and business valuation services. The firm is organized around five core service lines and eleven industry-specific practices serving closely held businesses, nonprofits, governments, financial institutions, auto dealers, manufacturers, technology companies, and high-net-worth individuals.

Product overview

Selden Fox, Ltd. is a Certified Public Accounting and consulting firm offering a comprehensive suite of professional services through a coordinated multi-service platform. The firm operates five core service lines: Audit & Assurance (including financial statement audits, compilations, reviews, internal audits, and benefit plan audits), Taxation (covering corporate, individual, fiduciary, LLC/partnership tax services with state/local and international capabilities), Accounting Solutions (comprising virtual CFO, month-end close, interim accounting staff, and outsourced accounting/bookkeeping), Business Valuations (offered since 1978 with BVA subsidiary providing enhanced capacity since 1997), and Consulting (including forensic accounting, outsourced marketing, and succession planning). These services are delivered across diverse industry verticals including auto dealers, benefit plans, closely held businesses, credit unions, entrepreneurs/executives, family offices, governments, insurance, manufacturing, nonprofits, and technology. The firm has expanded its auto dealer practice through acquisitions of Richard T. DeSimone & Co. and Goldrich Cousins PC. Services are delivered to approximately 70 employees including 55 professional staff operating from offices in Oakbrook Terrace and Naperville, Illinois.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance

Quantifiable outcome

• More than 50 benefit plans audited annually with participants ranging from 100 to 1,500
• +3 more outcomes

Named customers7 records

Segments11 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MGI WorldwidecoreStrategic or Co-development Partner · 1 January 2010MGI Worldwide is a top 20 international accounting network of independent audit, tax and accounting firms. As a member, Selden Fox provides clients direct access to expertise of nearly 6,000 professionals in more than 300 locations around the world. The network is quality-controlled with peer review against international standards.
• MGI North AmericacoreStrategic or Co-development PartnerWithin MGI Worldwide, Selden Fox is a proud member of MGI North America, which offers a comprehensive suite of services and works with various clients across multiple industries. MGI North America provides coast-to-coast collaboration with professional experts.
• AICPA (American Institute of Certified Public Accountants)minorOthersSelden Fox is a member of AICPA, required for continuing membership in the peer review program. The firm has completed its fifteenth peer review through the National Peer Review Committee of the AICPA.
• AICPA Employee Benefit Plan Audit Quality Center (EBPAQC)minorOthersSelden Fox is a member of AICPA's EBPAQC, supporting quality benefit plan audits.
• Center for Audit Quality (CAQ)minorOthersSelden Fox is a member of CAQ, an autonomous public policy organization dedicated to advance investor confidence and capital market integrity.
• Governmental Audit Quality Center (GAQC)minorOthersSelden Fox is a member of GAQC, providing guidance and resources for governmental audit quality.
• Private Companies Practice Section (PCPS)minorOthersSelden Fox is a member of PCPS, AICPA's section serving CPA firms serving privately-held businesses.
• Public Company Accounting Oversight Board (PCAOB)minorOthersSelden Fox is a member of PCAOB, which oversees auditors of public companies to protect investor interests.
• SuralinkcoreTechnology or IntegrationSuralink provides secure client portal platform for Selden Fox client document exchange. Clients access portals via unique client IDs for secure ongoing document sharing.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sikich LLP: Chicago-area accounting and advisory firm offering audit, tax, and consulting services to closely held businesses, nonprofits, and government entities. Directly comparable to Selden Fox in size, geography, service mix, and mid-market positioning.
• Wipfli LLP: Top-25 U.S. accounting and consulting firm serving closely held businesses, credit unions, nonprofits, and government entities. Closely comparable to Selden Fox in client segmentation and service mix, with similar mid-tier market positioning.
• RSM US LLP: Leading mid-market accounting and consulting firm serving middle-market companies with audit, tax, and consulting. Comparable to Selden Fox in targeting the middle market that is too large for small firms but underserves by Big 4.
• Crowe LLP: Major U.S. accounting firm headquartered in Chicago offering audit, tax, advisory, and consulting services. Comparable to Selden Fox in serving mid-market clients across similar verticals including financial services, government, and nonprofits, though substantially larger.
• Marcum LLP: Top-15 U.S. accounting firm providing audit, tax, and advisory services to middle-market companies, closely held businesses, and family offices. Comparable to Selden Fox in serving closely held businesses and family offices with succession/valuation needs.
• Baker Tilly US, LLP: Top-15 U.S. accounting and advisory firm serving closely held businesses, government, nonprofits, and financial institutions. Comparable to Selden Fox in industry specialization (especially government and credit unions) and middle-market positioning.
• Plante Moran: Top-20 U.S. accounting and business advisory firm serving closely held businesses, manufacturers, and financial institutions. Comparable to Selden Fox in industry verticals served (especially manufacturing) and mid-market focus, though considerably larger.

Broad incumbents

• Grant Thornton LLP: Top-7 U.S. accounting firm headquartered in Chicago serving dynamic mid-market clients. Overlaps with Selden Fox in middle-market audit and tax services but operates at significantly greater scale across broader geographic footprint.
• Forvis Mazars, LLP: Top-10 U.S. accounting firm (formed from BKD and Dixon Hughes Goodman merger) serving closely held businesses, financial institutions, and nonprofits. Comparable to Selden Fox in client verticals but materially larger in scale and geographic reach.

Regional players

• Owen E. McHugh & Co. Chicago-area CPA firm specializing in auto dealer accounting, audit, and tax services. Direct competitor in Selden Fox's auto dealer practice vertical, illustrating the fragmented competitor landscape the firm is consolidating.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/selden-fox-ltd-
• Xx.com/SeldenFox

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Selden Fox, Ltd.