Were you aware that as a CPA you are allowed to receive monetary compensation for referring your accounting practice clientele to an investment advisor? Your practice could be making more money for you with little extra effort by using a compensated referrals arrangement. At the intersection of the AICPA code and SEC law lays a means for accountants to build an ancillary income source into their business by referring their tax practice clients to a Registered Investment Adviser (RIA) for investment advisory and financial planning services. Provided that certain standards are met and laws are followed, accountants may receive a portion of the recurring investment advisory and financial planning fees derived from referred clients, while still fulfilling the fiduciary duties set by the relevant governing bodies and regulators.
Financial News ,Accounts and Clients
Want To Get Paid For Referrals To An Investment Advisor?
CPAs can earn extra income by referring clients to a Registered Investment Adviser for financial planning and investment advisory services, while still fulfilling fiduciary duties.
[fa icon="calendar'] Dec 9, 2022 3:46:00 PM / by 4Thought Financial
Financial News ,Accounts and Clients
Are Your Clients' Portfolios Really Being Managed To A Fiduciary Standard?
Determine whose interests are served by considering the compensation of investment service providers. A fee-only RIA often aligns with client goals best.
[fa icon="calendar'] Nov 4, 2022 3:58:00 PM / by 4Thought Financial
With differences in the definition of the term “fiduciary” between various governing bodies in the accounting, securities, and investment advice worlds, it can often be very difficult to determine who is really operating with your clients’ best interests in mind. But regardless of the somewhat arbitrary definitions of the regulators, it often helps to consider how the relevant service provider is being compensated in determining whose interests are truly being served. When it comes to your clients’ investment-related services, consider the following:
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Financial News ,Weekly Market Perspective
4Thought’s Multi-Method Investing® Market Perspective 10-11-22
4Thought provides you with actionable investment analysis and perspective on the financial markets.
[fa icon="calendar'] Oct 11, 2022 8:59:44 AM / by 4Thought Financial
Financial News ,Accounts and Clients
Want Your Clients To Capitalize On Market Volatility Instead Of Being Victims Of It?
Help your accounting clients navigate market volatility with 4Thought Financial Group's Opportunistic Investing strategies. Expand your services and income.
[fa icon="calendar'] Oct 7, 2022 3:50:00 PM / by 4Thought Financial
When you speak to your accounting practice clients in preparation for tax time, do they ever gripe about the financial market volatility that’s typical for this time of year? From now on, the word “volatility” should be music to your ears, because you now have a potential solution for them that can both expand your sphere of influence in the eyes of your clients and earn you ancillary income. Let me explain:
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Financial News ,Weekly Market Perspective
4Thought’s Multi-Method Investing® Market Perspective 9-20-22
4Thought provides you with actionable investment analysis and perspective on the financial markets.
[fa icon="calendar'] Sep 20, 2022 9:16:42 AM / by 4Thought Financial
Financial News ,Accounts and Clients
Are Your Clients' Portfolios Appropriately Allocated And Diversified?
Consider partnering with a fiduciary Registered Investment Adviser firm to help clients avoid improper portfolio allocation and achieve financial goals.
[fa icon="calendar'] Sep 9, 2022 3:52:00 PM / by 4Thought Financial
Is an improper investment portfolio allocation impeding your client’s ability to achieve their financial goals? It’s often difficult to answer this question without an in-depth analysis of your client’s investment portfolio, and few CPAs are equipped with the time, resources, or in-depth knowledge to perform this function. This is where a fiduciary Registered Investment Adviser (RIA) firm can help.
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Financial News ,Accounts and Clients
Are Your Clients Using Multi-Method Investing®?
Consider Multi-Method Investing® - a diversified approach to investing that applies multiple methods, tailored to specific market environments.
[fa icon="calendar'] Aug 5, 2022 3:57:00 PM / by 4Thought Financial
Most of your accounting practice clients probably have one of two types of investment portfolios:
Type 1: An amalgamation of seemingly random and uncoordinated investment instruments acquired at different times from different providers (a “junk drawer” of financial assets).
Type 2: A professionally managed portfolio allocated based on risk tolerance and objectives, and diversified by asset type (using a Strategic Asset Allocation or “Modern Portfolio Theory” approach).
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Type 1: An amalgamation of seemingly random and uncoordinated investment instruments acquired at different times from different providers (a “junk drawer” of financial assets).
Type 2: A professionally managed portfolio allocated based on risk tolerance and objectives, and diversified by asset type (using a Strategic Asset Allocation or “Modern Portfolio Theory” approach).
Financial News ,Weekly Market Perspective
4Thought’s Multi-Method Investing® Market Perspective 7-19-22
4Thought provides you with actionable investment analysis and perspective on the financial markets.
[fa icon="calendar'] Jul 19, 2022 9:23:54 AM / by 4Thought Financial
Financial News ,Weekly Market Perspective
4Thought’s Multi-Method Investing® Market Perspective 7-12-22
4Thought provides you with actionable investment analysis and perspective on the financial markets.
[fa icon="calendar'] Jul 12, 2022 8:36:01 AM / by 4Thought Financial
Financial News ,Accounts and Clients
Does Your Client Need A Systematic Savings And Investment Plan?
Refer clients to trusted financial planners for specialized investment advice and goal planning. Contact 4Thought for more information.
[fa icon="calendar'] Jul 8, 2022 3:56:00 PM / by 4Thought Financial
As a CPA, you probably frequently come across clients that have questions related to saving for retirement, college, or other investment goals. Your clients don’t necessarily know that while this is peripherally related to your services, it really is a specialty of its own. But they trust you, and so they ask. In most cases, the best way to help your client in this situation is to refer them to a specialist financial planner, wealth manager, or investment advisor that you yourself trust. This is because while regularly saving an arbitrary amount is better than doing nothing, your clients cannot achieve their goals if they have not defined them and constructed an appropriate plan to pursue them. They will need professional assistance to help them quantify their objectives, determine what is realistic, and develop a flexible systematic investing plan for execution. Their financial services professional should follow a process like that described here:
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