Tremendous opportunities exist for CPAs to expand their service offerings beyond traditional accounting and tax services and into the more value-added wealth management world.
	The provision of wealth management services is a natural extension of existing client relationships and represents an excellent opportunity to leverage those relationships.
	As their most trusted advisor, clients have embraced the concept of the CPA as their wealth manager.

Regulatory barriers that have defined the accounting profession for many years are now ancient history. The traditional roles of CPAs are being reassessed to meet the expectations and the needs of their clients and the competitive marketplace, while ensuring their firms’ increased profitability. In addition, the marketplace has embraced the concept of the accountant as a financial advisor and a wealth management consultant. While these changes represent significant challenges, they present CPAs with opportunities for significant rewards, future growth for their firms and the means to revitalize their practices.

At Accountants Advisory Group, we specialize in assisting CPA firms expand beyond their established accounting and tax practices into financial and wealth management services. As a result, firms are able to better serve their clients, meet their ever-increasing competition, and achieve long-term success. Our many years of experience in this area enable us to guide firms in developing, structuring and implementing comprehensive wealth management practices.

Accountants Advisory Group’s Wealth Management Program includes the following services:

	Assessing the appropriate range of wealth management service offerings
	Selecting a business model for financial service products
	Developing a practice structure for wealth management services
	Guidance in selecting suitable financial services providers
	Assessing relationship platforms available from turn-key providers
	Reviewing securities license considerations
	Preparing a business plan, including objectives, strategies, budgets and projections
	Developing specific action schedules to ensure timely implementation and monitoring of the wealth management program
	Providing assistance with ethical issues, regulatory compliance, and attorney consultation
	Developing and implementing marketing and public relations plans, including programs to expand services to existing clients
	Assistance with partner and staff training to increase their understanding of financial services
	Choosing an in-house administrative team

Joseph A. Tarasco, CPA, Founder of Accountants Advisory Group, is Director of our Wealth Management Program. Please click here to read Joe’s biography.