IPA Spotlight On … Henry Koziol, Freed Maxick CPAs

Name: Henry Koziol

Firm: Buffalo, N.Y.-based Freed Maxick CPAs (FY16 net revenue of $45.2 million)

Title: Managing Director, Chairman, Board of Directors

Accomplishments:

Henry Koziol Jr.

Henry Koziol Jr.

  • Joined Freed Maxick in 1983 and elected managing director this year, responsible for directing the strategic growth of the firm.
  • Develops and institutes firm’s technology plan, and has served as a member of the peer review team and the development, construction and executive committees.
  • Past chairman, board of the Western New York Chapter of the American Diabetes Association; board of directors, Buffalo Niagara Partnership.

How are you preparing now to step into the top job at Freed Maxick July 1?

I have been on our executive committee for a number of years, and have been involved in most of the firm’s significant decisions. Therefore, the amount of time to get up to speed should not be too considerable. Lately, I have been spending a lot of time meeting with my partners and our clients – trying to listen more and talk less.

You’ve said that what differentiates Freed Maxick is its people and depth of knowledge. How do you hope to enhance both as managing director?

We are constantly looking for individuals with unique talents and skills, in anticipation of the rapid changes in the industry and to deliver the type of services we provide. However, that’s not all we look for in potential candidates. We recently created our purpose statement, which highlights our beliefs in making a difference in people’s lives through our passion for helping others and inspiring those around us. It’s important to us that our people and processes live this every day.

The firm now has four offices in New York. Do you plan to expand beyond the state? Are you looking to merge in smaller firms?

Our strategic plan includes expansion in two areas – our geographic footprint and services offered. Conversely, many of our services such as asset-based lending have a national scope, so the physical office is not necessarily a factor. We are constantly evaluating merger candidates both in and outside of our current markets, but our requirements are very high. The candidate must have a similar culture in addition to fitting into our strategic plan. We won’t do a merger just to increase the top line.

Looking ahead, how do you see AI and automation changing the way Freed Maxick does business?

We have already invested in business intelligence as a client service, and will continue to do so. We know there will be rapid changes in how accounting firms service clients, and we remain committed to providing world-class service.

Final thoughts?

It is an exciting time to be in the industry. I have been heavily involved in our firm’s technology platform, which gives me a unique perspective of the rapid technological changes that continue to happen. I believe that there will be wonderful opportunities ahead for our firm, our clients and our people as we utilize these technologies to deliver highly valued and desired services.

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