If you work with a financial adviser and a CPA, you’ve probably been caught in a gray area between them more than a few times. For example, say you read one of my articles on Roth conversions. You ask your CPA about the strategy in your situation, and the CPA tells you to ask your financial adviser. When you ask your financial adviser, they tell you they can’t give tax advice. In no-man’s land, you give up and go back to playing Wordle.
Wouldn’t it be easier if you could hire someone to just do both — financial advice and taxes? Full disclosure: My firm does do both, but as of now, only a small minority of clients uses our tax services. I do believe that this is the future. Yes, I also believe it will lead to better client outcomes, but more than that, I think it’s just easier.
