Wealth Management Services
Starr & Leaf and Sophos professionals work together on almost a weekly basis to meet the wealth management needs of our clients. Together, we provide a carefully crafted approach to cash flow optimization, charitable giving, estate planning, equity compensation, investment management, retirement planning, risk management and taxes.
We believe in a comprehensive wealth management approach that utilizes a deep understanding of taxation, and advanced planning techniques combined with our disciplined value investing approach to help our clients achieve their goals.
Investing Philosophy
We search for investments that may be unpopular at the time but trade at significant discounts to a conservative estimate of their intrinsic value. We evaluate assets that appear cheap based on metrics such as normalized free cash flow, tangible book value, or future growth. We focus on finding investments with a large margin of safety. If no attractive bargains present themselves, we may advise a longer time horizon approach which gives our clients the ability to wait for better opportunities.
Client Experience
We strive to provide our clients with a virtual family office experience through our collaborative approach to financial planning, investment advisory and tax compliance services.
Sophos is a fee only advisor that acts as a fiduciary for clients and is a registered RIA in the State of Washington.
Scott P. Caufield, CFA, CPA
Scott Caufield brings significant investment advisory experience to Sophos Wealth Management, as well as valuable accounting experience to Starr & Leaf. Mr. Caufield began his career in public accounting at a Big Four accounting firm before becoming an investment advisor for an RIA firm in Boise, Idaho. Later, he returned to Washinton and founded Sophos Wealth Management in 2021. Mr. Caufield is also a CPA with Starr & Leaf.
Mr. Caufield holds a bachelor's degree in accounting and finance from the University of Washington. He is a Chartered Financial Analyst and a Certified Public Accountant.
In his free time Mr. Caufield enjoys reading, watching sports, lifting weights, getting outside, and spending time with his two kids.
Tax Planning & Strategies
Business Advisory
Accounting & Assurance
Healthcare Consulting
We serve healthcare providers that work in a variety of practice settings. We serve our clients with our comprehensive understanding of the administrative, operational, and financial needs that are specific to the healthcare industry.
Our healthcare consulting services include:
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340B advisory
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Managed care contracting assessment
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Patient experience analysis
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Practice management advisory
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Pharmacy benefits review
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Reimbursement consulting
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Value-based care analysis
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Revenue cycle management review
Services
We offer a broad spectrum of tax, accounting and consultation services. Our clientele ranges from private individuals and sole proprietors to partnerships and corporate entities across sectors.
We take into account current tax and business factors and our consulting catalog covers the scope of services in the field of tax consulting.
Our tax planning and preparation services include:
- Corporations
- Estates and trusts
- Gift tax planning and charitable gift planning
- Individuals
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Not-for-profit organizations
- Partnerships
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Tax audits
When it comes to business, your choice of advisors could be one of the most important decisions you make. If you are launching a new concept, perfecting an existing business, or planning your exit strategy, we can help.
Who we serve.
We serve business professionals in a wide variety of fields including: architecture, biotechnology, engineering, healthcare, legal services, manufacturing, and software development.
Our business advisory services include:
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Exit planning
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Liquidity analysis
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Merger and acquisition advisory
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Operational planning and research
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Process assessments based on kaizen principles
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Start-up consultation
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Strategic needs analysis
Accounting is an essential element of operational management control, giving you a meaningful foundation for your business decision processes.
Our services include:
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Accounting setup for new business
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Cost accounting
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Economic loss calculations
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Financial and payroll accounting oversight
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Forensic accounting
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Preparation of financial statements and disclosures
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Process and controls testing