CPA Advice After the Market Meltdown
CPAs work to quell client fears.
What’s the CPA outlook? Join the survey; get the results.
by Rick Telberg
At Large
If you’re not concerned by the meltdown on Wall Street, you’re probably not paying attention.
Or, you just may be getting advice and financial planning services from a few of the leading CPA financial planners we’ve been hearing from. Nearly every CPA we’ve been hearing from has been rattled by the events in the financial markets, but each has also remained calm and confident that, with the right planning and preparation, his or her clients should be able to weather the worst of the storm with minimal damage.
“Everybody should be concerned,” agrees Michael E. Goodman, CPA, CFP, PFS, at Wealthstream Advisors Inc. in New York, “These are historic times in the financial industry. Several companies that we view as institutions made bets that were riskier than they thought. And many other institutions got caught in the downdraft because they did not evaluate or understand the risk that some of these other companies were taking.” READ MORE →
