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The Building Blocks of a Regional Firm

In its original incarnation, the firm was begun by Edwin L. Pride in 1911, under the name Edwin L. Pride & Company. Edwin was a very respected professional, serving as the first president of the precursor to the MA Society of CPA’s and as Board Chairman of the MA Board of Accountancy. In fact, in 1920 he was called upon by the State’s Attorney General to investigate the actions of Charles Ponzi, whose name would forever be synonymous with financial pyramid schemes. In court, Pride testified “from the time Ponzi gave his first note, he was insolvent.” Pride was also able to name some of Ponzi’s associates in a session before the state legislature, including current and former public officials.

The reputation that Pride developed as a professional working with regulatory and statutory bodies is forever ingrained in the culture here at Wolf & Company. Many Owners and Managers currently hold or have served as board and committee members in our profession's standard setting bodies, such as the AICPA Center for Audit Quality and the PCAOB, not to mention many past presidents of the MSCPA.

Our Growth Strategy 

Through the mid-20th century, Wolf & Company grew through organic growth and strategic acquisition. We became part of the larger national organization, Wolf & Company, in the late 1960's and when the time came to dissolve that connection, the local partners decided to go back into business for themselves, buying back the practice in 1978 and continuing to provide exceptional client service.

Our clients stayed and we learned a valuable lesson about succession planning. It was at that time that our leadership made what has been one of the best strategic decisions and put a defined benefit plan in place to protect against that type of succession uncertainty. We are now one of a handful of professional service firms in the country that has a fully funded defined benefit plan.

We didn't know it then, but that decision has been instrumental in preserving our culture and supporting a caretaker mentality with our clients. Rather than focusing on how to fund retirement, our Owners can focus on sharing their knowledge with the next generation of leaders within the firm and maintaining the continuity of service with our clients.