This year was defined by our efforts to strengthen our data-driven culture. By embedding data and technology more deeply into our operations and decision-making processes, we standardized procedures, automated workflows, and expanded our service offerings in key areas. These investments have enabled us to deliver solutions that are more efficient, while maintaining our client-focused approach.
As a result of our employees’ dedication to these initiatives, combined with our 110+ years of industry expertise, Wolf is positioned to continue to diversify our service offerings and pave the way for future success.
Wolf’s 2024 Annual Report highlights how we invested in what matters most: our people, our clients, and our vision for tomorrow. By focusing on innovation and collaboration, we refined how we drive sustainable success for our clients, even as their industries evolve. Looking ahead, we are committed to augmenting our industry-specific solutions with data-driven consulting services.
In 2024, we focused on tailoring our services to meet the evolving needs of industries we serve through our niche-based strategy. We adopted new technology and used data-driven solutions to strengthen client collaboration, simplify processes, and reduce time spent on routine tasks.
This streamlined approach provides our clients with quicker access to critical information – so they can make informed business decisions and grow with confidence.
Guiding informed decisions to drive growth and reduce risk for providers & life science companies
Staying ahead of regulatory challenges with forward-thinking tax & assurance strategies
Supporting tech-driven organizations with industry-specific solutions throughout their entire life cycle
Collaborating with banks, credit unions & fintechs to address the challenges of a highly regulated sector
Navigating competition, compliance & cybersecurity to keep operations moving forward
Leadership
2024 Key Accomplishments
Achieved top ratings on client surveys and enhanced stakeholder satisfaction after onboarding new clients under tight deadlines
Expanded our Outsourced Accounting Solutions for community banks, while strengthening our national presence by providing products and services in 42 states
Completed nearly 50 model validations and supported financial institutions and fintechs using a Banking as a Service (BaaS) model to navigate regulatory requirements and efficiently launch their services
“As technology and regulations continue to change how financial institutions are run, we remain a trusted advisor to hundreds of financial institutions throughout the country. Whether you’re a bank, credit union, or fintech, we are committed to providing our professionals with the technology, training, and tools they need to keep you informed and grow with you.”
Principal, Financial Institutions
2024 Key Accomplishments
Deployed WolfPAC Integrated Risk Management for healthcare, successfully implementing solutions in IT risk, vendor management, and business continuity planning
Introduced InsightOut, a leading business intelligence platform, to centralize data within healthcare and life sciences companies
Achieved 50% growth in total revenue year-over-year
Client Testimonials & Trending Topics:
“This year brought its share of challenges in the healthcare and life sciences industries due to economic and regulatory uncertainties. Despite these hurdles, our healthcare niche emerged even stronger, achieving an impressive 50% growth in total revenue compared to the previous year. We look forward to another successful year in 2025 as we continue to build on our achievements and leverage new innovations.”
Principal, Healthcare
Leadership
2024 Key Accomplishments
Enhanced our firm’s capabilities with InsightOut, a customizable business intelligence platform, to deliver data-driven solutions to the middle-market
Provided businesses with flexible, tailored support through Wolf’s Outsourced Accounting Solutions team, enabling clients to focus on growth while we efficiently manage their financial operations with precision and care
“For over 110 years, middle-market businesses and their stakeholders have relied on Wolf to deliver high-quality, high-value services. This is what we do, and it’s what we will continue to do. In 2024, we built on our technologies, invested in our people, and expanded our service offerings to meet our clients’ evolving needs, making it a successful year.”
Principal, Manufacturing, Distribution & Retail
2024 Key Accomplishments
Maintained PCAOB registration and qualification for SEC custody requirements, reinforcing our industry leadership and driving measurable growth in audit services
Grew our practice in the digital asset and blockchain industry by establishing ourselves as auditors and tax advisors for a growing number of digital asset funds
Assessed opportunities through our Data Solutions team to develop advanced data management solutions, empowering clients to make informed investment and operational decisions
“We have seen a lot of changes within the investment management space in the past few years, from the fallout of the pandemic to historic amounts of private equity and VC transactions, back to a slowdown in 2024. We have also fully embraced the increasing popularity of digital asset funds and are excited to see how Wolf can help all of these different investment strategies grow in the upcoming years.”
Principal, Investment Management
2024 Key Accomplishments
Expanded our Gift, Estate & Trust Practice to identify and launch new offerings for trusted advisors looking to outsource their gift, estate, and trust filings
Serviced clients across the country, while specializing in foreign compliance and planning to address their unique needs
Focused on team growth by investing in employees and new technology, while prioritizing our relationships with clients and their advisors
Client Testimonials & Trending Topics:
“Our core values of open communication with clients and advisors combined with our investment in organic team growth made for another successful year. We continue to be driven by learning, innovation, and collaborative thinking.”
Principal, Private Client Group
Leadership
2024 Key Accomplishments
Introduced the InsightOut business intelligence platform to technology clients, offering customizable data aggregation and modeling tools
Drove growth in outsourced accounting and finance services for technology companies, with our Controllers and CFOs providing insights to support clients at scale
Delivered audit, tax, and risk management services to exchanges, miners, custodians, and trading firms globally through our Digital Assets team
Client Testimonials & Trending Topics:
“2024 was a record-breaking year for the technology niche. We achieved significant growth across all our sub-niches, with digital assets and fintech clients leading the way. We are looking forward to another strong year in 2025 as we continue to invest in being the provider of choice for technology-driven companies.”
Principal, Technology
This year, our firm achieved groundbreaking growth and surpassed our revenue goals, driven by our commitment to professional development and investing in our people. By enhancing their skills, we created a culture of innovation and collaboration, allowing us to respond proactively to industry changes and provide exceptional service.
As we move forward, our focus on investing in our people and clients will set the foundation for our continued success.
Annual Revenue
We recognize the pivotal role our clients play in shaping our path, guiding our initiatives, and defining our results. Our client-focused approach motivates us to continuously refine our strategies, so we can continue to deliver solutions that drive mutual success. As we reflect on our achievements, the dedication of our team translated into increased client engagement and satisfaction, ultimately strengthening our trusted partnerships to provide even greater value in the future.
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This year, our people remained at the heart of our success. We expanded our global footprint by growing our team in the Philippines, allowing us to tap into diverse talent and enrich our workplace culture through collaboration across borders. By empowering our people to grow and lead with purpose, we’re better positioned to deliver tailored solutions that meet our clients’ needs – creating a lasting impact for our clients, employees, and the communities we serve.
Through professional development, work-life balance initiatives, and community involvement, we cultivate a vibrant workplace culture that values each team member’s contributions. These efforts foster an inclusive environment where diverse perspectives are celebrated, and every employee feels empowered to share their unique insights.
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As we refine our future direction, investing in our people is at the core of our strategy. By fostering a culture of continuous learning, we are building a strong foundation for Wolf’s next generation of leaders. Today’s employees are paving the way, preparing to drive our firm’s continued growth and success.
Looking ahead, our investment in new technology and data-driven strategies will allow our team to tackle the challenges of tomorrow. By expanding our expertise within our core industries and remaining focused on client success, we are positioned to deliver innovative, forward-facing solutions that anticipate and overcome future challenges.
We are ready to navigate the path forward, driving growth and success for our people, our clients, and our vision for the future – together.
We continue to expand our service offerings to meet the changing needs of our clients in highly regulated industries, including fintech and digital assets
Our focus on automation will optimize workflows and accelerate decision-making, driving us toward greater innovation and impactful results
Expanding our national footprint and increasing our headcount in the Philippines will continue to ensure that we have the right talent and expertise to serve clients and support scalable growth
Our firm is dedicated to achieving growth while prioritizing employee development. By continuing to invest in training and advancement opportunities, our people are prepared future challenges
As we reflect on the past year, we want to extend a heartfelt thanks to our clients and employees. Your trust and commitment are an integral part of our lasting success!
Interested to learn more about how Wolf can help your organization? Contact Us today.
©2024 Wolf & Company, P.C., all rights reserved.
Wolf & Company, P.C. is a member of Allinial Global, an association of legally independent firms.
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