COLUMBIA, S.C. (January 16, 2019) – Bauknight Pietras & Stormer, P.A., (BPS) is pleased to announce that Russell Bauknight has been elected to serve as the firm’s managing shareholder effective January 1, 2019. He succeeds Ken Bauknight, who has served as BPS’ managing shareholder since the firm was established in 1991.
During Ken Bauknight’s nearly three decades of service as managing shareholder, BPS has grown to nearly 50 CPAs and a total team of 70, making BPS the largest CPA firm in the Midlands and among the premier public accounting and consulting firms in the Southeast. Additionally, BPS has been recognized among the best places to work in South Carolina multiple times. Ken Bauknight will continue in his role as a BPS shareholder and client tax advisor. He began his career as an Internal Revenue Service agent in Houston, Texas, before becoming a senior tax manager with Big Eight global accounting firms Ernst & Whinney and PriceWaterhouse.
Russell Bauknight is also one of BPS’ original founders and has focused his 28 years with the firm on building the firm’s clientele. Prior to establishing BPS, he was a senior tax manager with Ernst & Young and its predecessor firms, Arthur Young and Clarkson, Harden & Gantt. Russell Bauknight is highly sought after as a trust and estate fiduciary and business advisor. Among his most recognizable clients is the estate of James Brown, the “Godfather of Soul.” He is credited with rebuilding the depleted estate through effective management of Brown’s music library so that it continues to benefit the legendary artist’s charitable and personal interests. Russell Bauknight has helped establish BPS as a national and global thought leader and policy maker among locally owned tax and assurance firms. He serves as a board member of PrimeGlobal’s World Board of Directors as well as its North American Board.
Commenting on the announcement, Ken Bauknight said, “When we started BPS, it was just Russell, Tom Pietras, Chris Stormer and myself as shareholders. I had no idea that I’d be the managing shareholder for so many years. I credit our strong leadership team that has always worked together with the common goals of growing BPS, serving as our clients’ trusted advisors and consultants and developing a strong staff of professionals with opportunities to advance. I’d like to thank the entire BPS team for entrusting me with the role of managing shareholder. It’s now time to ‘pass the baton’ and I’m confident Russell will do a great job.”
BPS ended 2018 with strategic additions to the team, including new partner Stacy Stokes. Russell Bauknight says more exciting changes are on the horizon in 2019. “I’m really excited to serve as managing shareholder and look forward to strengthening BPS’ position as a preferred business partner and trusted advisor; providing our clients with the highest level of tax, assurance and consulting services; and giving our team a great place to grow professionally as well as personally.”
About Bauknight Pietras & Stormer, P.A.
Established in 1991, Bauknight, Pietras & Stormer, P.A. (BPS) is among the Southeast’s premier accounting and consulting firms and one of the largest locally owned public accounting firms in South Carolina. BPS serves as a strategic partner to our clients, providing tax, accounting and assurance, and consulting services as well as trust and estate planning. BPS serves a diverse client base in the insurance, construction and real estate, employee benefits, hospitality, manufacturing and distribution, professional services, telecommunications, and technology industries. BPS is a member of Prime Global, an association of private accounting firms. Learn more at www.bpscpas.com.