Whether you’re aware of it or not, many of your competitors in the CPA tax practice marketplace have built an investment advisory services and financial planning profit center into their business to try to out-compete you by providing a wider array of services to clients under a single coordinated roof. While some larger firms have chosen to build this out in-house, for a smaller firm or sole practitioner with less resources and time it can be difficult or near impossible to even consider this. But there is a solution that can allow you to both compete with the bigger firms for new clients and “close your back door” to prevent existing clients from leaving:
Financial News ,Accounts and Clients
Need To Offer Your Clients Investment Advice So You Can Compete With Other CPAs?
Expand your CPA practice's service offerings with investment advisory and financial planning. Partner with us to receive referral compensation.
[fa icon="calendar'] Jun 2, 2023 3:56:00 PM / by 4Thought Financial
Financial News ,Accounts and Clients
Concerned About The Service Quality Of Your Clients' Financial Services "Professionals"?
Concerned about poor service quality from financial services providers? Consider these key indicators and contact 4Thought Financial Group for solutions.
[fa icon="calendar'] May 5, 2023 3:55:00 PM / by 4Thought Financial
If you’ve heard your accounting practice clients gripe about the service quality of their financial services “professionals”, this is a clear indication of a service provider that requires some oversight. But that shouldn’t be something you need to spend time on. While for decades poor service quality has been thoroughly documented as one of the biggest complaints from clientele about their financial planning, investment, and insurance professionals, a vocalized complaint is not the only indicator of potential poor service quality.
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Financial News ,Accounts and Clients
Concerned About The Effect Of Rate Rises On Your Clients’ Bond Mutual Funds?
Invest in Target Date Bond ETFs for diversified fixed-income portfolios with the ability to hold to maturity. Contact 4Thought Financial Group
[fa icon="calendar'] Apr 7, 2023 3:54:00 PM / by 4Thought Financial
If your clients are like most investors, they probably get their bond market exposures one of two ways: either through bond mutual funds (for lower levels of investable assets) or through individual securities (for higher levels of investable assets). There are plusses and minuses to both of these types of exposure. Consider the following:
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Financial News ,Accounts and Clients
Are Your Clients Paying Unnecessary Taxes On Their Investments?
Unnecessary taxes harming your clients' investment returns? A Registered Investment Adviser can help identify and solve the problem. Contact us today.
[fa icon="calendar'] Mar 10, 2023 3:49:00 PM / by 4Thought Financial
Are unnecessary taxes destroying your clients' investment portfolio returns? 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 or resources 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 Still Using Expensive High-Tax Mutual Funds?
Upgrade client portfolios with tax-efficient exchange-traded funds. Learn more from 4Thought Financial Group. Contact us now.
[fa icon="calendar'] Feb 3, 2023 3:48:00 PM / by 4Thought Financial
If when you look at your clients’ investment portfolio statements or 1099’s during tax season you see a series of five-digit ticker symbols (usually indicating an open-end mutual fund), you should stop what you’re doing and make a note to have a follow up conversation with that client. During the last two decades there have been monumental advances in the investment management industry in terms of investment advisory technology and fund expense reduction. If your clients and their financial advisors are still constructing the bulk of a portfolio using traditional open-end actively management mutual funds, then this is an indication that they have not kept up with these advancements (to their own financial detriment). You can help them get out of this quagmire. Consider the following:
Financial News ,Accounts and Clients
Are High Fees Destroying Your Clients' Investment Portfolio Returns?
Help your accounting clients break free from high investment fees and lackluster management. Contact 4Thought Financial Group for cost-effective solutions.
[fa icon="calendar'] Jan 6, 2023 3:47:00 PM / by 4Thought Financial
If your accounting practice clients are concerned that they’re paying too much in investment advisory fees and other portfolio expenses, then they aren’t alone. Despite a rapid reduction in the overall level of investment advisory fees levied on investor accounts and funds during the last decade, there’s still a very large component of the investor population who are stuck with an old-guard advisor or firm that has not kept pace with technological and economy-of-scale advancements in the industry. These people continue to (often unwittingly) suffer the consequences of middling returns due to endless overpayment for investment advice. Consider the following as they apply to your clients:
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
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.
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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 ,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 ,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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