Have You Caught the Wave of Wealth Management Success?

Innovative CPA, tax, and accounting firms are beginning to ride the waves of success. These firms fully utilize their capabilities to help clients with not only tax planning, but comprehensive wealth management, including wealth accumulation, wealth protection and distribution, and wealth transfer....

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Bibliographic Details
Published in:The Practical Accountant 2008-06, p.SR21
Main Author: Stevens, Bill
Format: Article
Language:English
Subjects:
Accounting firms
Advisors
Competitive advantage
Market strategy
Marketing
Success
Succession planning
Tax planning
Wealth management
Online Access:Get full text
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Summary:Innovative CPA, tax, and accounting firms are beginning to ride the waves of success. These firms fully utilize their capabilities to help clients with not only tax planning, but comprehensive wealth management, including wealth accumulation, wealth protection and distribution, and wealth transfer. This ability will set them apart and give them the competitive advantage over traditional financial advisors. There are several important strategies that your firm can implement to drive growth and profitability and allow you to become the wealth management firm of the future: 1. Identify client groups. 2. Set firm expectations. 3. Create proactive marketing. 4. Adopt wealth management capabilities. 5. Leverage expertise. 6. Implement succession planning.
ISSN:0032-6321