Columbus, Ohio (Jan. 19, 2004) -- CPAs are affluent Americans’ second-most used source of financial assistance, behind financial planners, and nearly one in five investors polled considers a CPA their primary financial advisor, according to a survey by Nationwide Financial.
While tax advice is still the primary service (96 percent) delivered by a CPA, almost half of affluent investors surveyed also view the CPA as a key source of investment advice (45 percent), according to the survey, “State of Advice in America: A High-Income Perspective.” More than 25 percent of affluent respondents consult a CPA for comprehensive financial planning, retirement income planning or estate planning services, Nationwide reported. The survey polled 1,016 respondents with household incomes above $150,000.
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