Reported 2 days ago
RIAs are increasingly recognizing the importance of tax planning and preparation as part of their services, aiming to attract more clients and expand their offerings. A recent study shows that only about one in six firms provide tax preparation services, highlighting a significant disparity between larger RIAs and smaller firms. As demand for holistic financial services rises, larger firms are better equipped to meet complex client needs, while many smaller RIAs may struggle to keep up with the investment required. Despite the trend towards one-stop shopping, a considerable portion of clients still prefer working with a combination of different professionals for their financial needs.
Source: YAHOO