Why Accountants Fail at Wealth Management

Due to one reason. And it’s a big one.Troubled businessman AdobeStock_73444359 1000w copy.jpeg

By Russ Alan Prince

A growing percentage of accounting firms have wealth management practices by one name or another. Most of these practices provide investment management services, life insurance, or both.

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But an estimated 75% to 90% of these wealth management practices are severely underperforming.

The reason why is both simple and difficult.