|Tax-Efficient Investment Management Advice Is Becoming A Complement To Advice Of Tax Professionals|
|Wednesday, May 02, 2012 16:28|
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.
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The 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.