clients were already clamoring for it.
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in this series of video bites, david strother, financial services director at dsf wealth management, the investment arm of darnall, sikes, gardes & frederick cpas in lafayette, la., explains how the firm decided to enter the wealth management business… and what they learned, sometimes the hard way.
$200,000 per year doesn’t cut it anymore.
the established notion of “mass affluence” is getting pushed aside by a new study that redefines the spending power of the truly and the up-and-coming affluent as the “class affluent” and the “emerging affluent.”
key findings:
the 14 strategies to build better business relationships.
it’s been said that when you look for the good in others, you discover the best in yourself.
it’s nowhere so true as in the accounting business. contrary to the cliche, accounting is a people business — most accountants spend a lot of time working directly with staffers, colleagues, superiors, clients and maybe-clients.
how big is a small firm? aicpa says $25 million.
new market intelligence has surfaced as the result of a small row between the aicpa and the u.s. small business administration, suggesting the idea of a mid-sized firm may be a wishful notion. according to aicpa calculations, big four firms control about half the revenue and half the jobs, and most of the rest of the industry should be classified as small business.
the rise of the accountant-adviser.
via smart money
a growing number of cpas are refashioning themselves as more well-rounded financial advisers.
some 5,000 cpas now boast a “personal financial specialist” credential, up 28% since 2008, and another 7,650 accountants are now certified as financial planners by the certified financial planner board of standards.