Lisa Gray has been a wealth writer since 2001. She has been involved in the wealth management industry since 1988. She is the author of two bestselling books—The New Family Office and Generational Wealth Management.| Tax-Efficient Investment Management Advice Is Becoming A Complement To Advice Of Tax Professionals |
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| Wednesday, May 02, 2012 16:28 |
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Tax professionals are leaving gaps in tax advice that advisors are taking it upon themselves to fill. Tax-efficient asset management is growing as a necessity in the face of changing tax laws anticipated to occur at the end of 2012.
This Website Is For Financial Professionals OnlyThe asset classes investors choose as well as location of those assets—retirement account, taxable account, trust, partnership—have a significant bearing on the tax liability to which the investor becomes subject. Roth conversions as well as the length of time investors hold securities will have a great deal to do with the amount of tax investors pay.
These are all investment management areas where you can step in and help clients without holding yourself out as a tax professional. Better yet, working closely with your clients’ tax advisors can position you as a leader of your client’s advisory team while offering them more robust service and advice.
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