Boulay Announces New Managing Partner Elect

Boulay PLLP is proud to announce that Erik Allen, CPA, CM&AA, will become the next Managing Partner of the firm, effective June 1, 2026. He will take over the role from current Managing Partner Tom Johnson, who will retire May 31, 2026, after more than 40 years at Boulay and four years as Managing Partner.

“It has been both a rewarding and humbling experience to lead Boulay on its path toward cultural and service excellence,” said Johnson. “Contributing to the expansion of career opportunities for our team members, while preserving the firm’s independence, has been a true privilege. I am excited for Erik and the next generation of leaders as they continue to guide Boulay’s journey forward. During this transition, I remain committed to supporting the team and look forward to dedicating more time to family and philanthropic endeavors in the future.”

After graduating from Gustavus Adolphus College with a bachelor’s degree in accounting, Allen started his career at Boulay. He was named a partner in 2002 and is a member of the Boulay PLLP and Boulay Financial Advisors, LLC Boards of Directors. Allen previously led Boulay’s audit department as the partner-in-charge of audit services. He currently oversees audit and other financial reporting engagements for clients in a variety of industries, including ESOP-owned companies.

As Managing Partner, Allen will lead the firm’s strategic planning and direction, identify growth opportunities for Boulay, ensure the quality of the practice, and support the development of partners as well as client-serving and operations team members.

Helping You Get There has been Boulay’s guiding principle for nearly a century—supporting both our clients and team members,” said Allen. “I’m honored and energized to have been selected by my peers to build on the firm’s legacy of success while driving transformation that remains grounded in our core values and culture. The impact on our team members and clients will continue to be the primary lens through which all strategic decisions are made.”

Allen is a Certified Public Accountant and a Certified Mergers and Acquisitions Advisor. He served as a National Advisory Board Member of the Gustavus Adolphus College Department of Athletics and the Department of Economics and Management. While attending Gustavus he was a member of the Men’s Basketball team.

Outside of work, Allen enjoys travel, golf, college athletics, and an occasional pickleball match.

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Investment Advisory Services offered through Boulay Financial Advisors, LLC a SEC Registered Investment Advisor. Certain Third Party Money Management offered through Valmark Advisers, Inc. a SEC Registered Investment Advisor. Securities offered through Valmark Securities, Inc. Member FINRA, SIPC. Registered Representatives of Valmark Securities, Inc. are located at the Minneapolis/Eden Prairie office(s). See Valmark’s Form CRS.

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