Ask These 10 Questions Before Adding Financial Services

Remember it’s a new business.

By Ed Mendlowitz
101 Questions and Answers: Managing an Accounting Practice, The Complete 2-Volume Set

Q: I am thinking of adding financial services to my practice. What are your thoughts?

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A: For starters, “financial services” means selling investment products or managing money. This is different from adding financial planning, which I see as an extension of and a next step to sound tax planning for clients.