Tax practitioners who take the plunge into financial planning find that it's a natural step to go from preparing a tax return and answering a client's questions, to tax planning and full-scale financial services."Financial planning has been a nice blend of what I'm already doing for my clients," explained Matawan, N.J.-based CPA Salim Omar.
"The community looks to the accountant for [financial planning], because the accountant really is the most trusted advisor," said Richard Wehrheim, tax partner at RSM McGladrey's Iowa office. He said that many decisions in financial planning are tax-driven, thereby creating efficiencies if they are performed by the same person.
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