# BDO USA

BDO USA is an other based in Chicago, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed
- **Website:** www.bdo.com
- **LinkedIn:** https://www.linkedin.com/company/bdo-usa

## Regulatory record

- **Reports private funds:** No

## About

BDO delivers assurance, tax, and financial advisory services that are tailored to our clients' industry, unique needs and goals.

## Sectors

- Asset Management
- FinTech
- Private Equity
- Real Estate
- Healthcare Services
- Technology
- Insurance
- Life Sciences
- Manufacturing
- Retail & Consumer Products

## Offices

- 85+ offices across the United States

## Questions

### Does BDO USA make direct investments or co-investments?

BDO USA does not publicly disclose direct investment activity. The firm's primary business is professional services — advising clients on tax, audit, and transactions. It does not appear to operate as an asset manager or direct investment vehicle.

### How does BDO USA source deal flow or advisory clients?

BDO USA sources clients through its industry-focused practice groups, its alliance network (BDO Alliance USA, with 800+ independent firms), and relationships built through its global network spanning 160+ countries. The firm does not disclose proprietary deal-sourcing mechanisms.

### What is the ESOP structure at BDO USA?

In 2023, BDO USA established an employee stock ownership plan — making it the first large accounting and advisory firm in the US to do so (per the firm, 2023). The ESOP is a qualified retirement plan that gives employees beneficial ownership, distinct from external private equity or partner-ownership models common among competitors.

### Who leads investment decisions or strategic direction at BDO USA?

BDO USA does not publicly name a single leader responsible for capital allocation in the manner of a family office. Leadership is distributed across practice group heads and a national management committee. The firm's website profiles a leadership team but does not designate a CIO or investment head.

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Last updated: 2026-06-03T20:00:00.000Z

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