Help Your Clients Keep More of What They Earn
Clients rely on you for more than just managing their tax paperwork. They want you to help safeguard and strengthen their financial future. By offering tax-focused financial services, you can enhance your client relationships, providing the comprehensive support they seek from a trusted financial professional.
Deepen Your Client Relationships
Few professional bonds require the level of trust found between tax professionals and their clients. Leveraging the trust your clients have in you and offering financial services enables you to take their financial well-being to the next level.
The broader the range of services you provide, the deeper your understanding of your clients’ everyday lives, allowing you to gain greater insight into their aspirations and challenges. This positions you to create goal-based financial plans, measuring success by the likelihood of your clients achieving their personal objectives, rather than the traditional approach of comparing performance and returns against unrelated financial benchmarks.
Maximize Your Clients’ Tax Efficiency
Beyond comprehending your clients’ financial lives more intimately, you can seamlessly integrate their tax planning and investments, potentially optimizing their tax efficiency. Implementing sophisticated strategies and avoiding common tax pitfalls empowers you to help your clients pursue tax alpha, ultimately maximizing their returns.
According to a recent Russell Investments survey, better financial decision-making, such as tax-efficient investing and smart withdrawal strategies, can enhance portfolio returns by around 1.2% annually.* Over a decade, this difference can significantly impact overall net worth.
*Russell Investments' 2023 Value of an Advisor Survey
Adding Financial Services
What’s beneficial for your clients is equally advantageous for your bottom line. As your clients become busier and savvier with their finances, they will value you as a trusted one-stop destination for personalized financial advice.
How to Expand Revenue Growth
Expanding your revenue can be achieved in two ways: acquiring new customers or increasing sales to your existing client base.
By introducing financial services, you can accomplish both objectives.
Maintaining Client Retention
In a constantly evolving business environment, maintaining client satisfaction is an ongoing challenge. By diversifying your service offerings, you can differentiate yourself from firms that only offer tax and accounting services.
Client Satisfaction and Referrals
Beyond improving client retention rates, satisfied clients are more likely to refer you to their friends, neighbors and colleagues. These invaluable referrals generate high-quality leads at no additional cost.
How to Become an Avantax Financial Professional
The cornerstone of our business support model starts with educating and licensing tax professionals so they can offer comprehensive wealth management services, tax strategies and financial planning services that help clients manage their wealth and minimize their tax liability. It’s what we’ve done best for decades.
Think We're a Good Fit?
Reach out to an Avantax Business Development Consultant at 800.742.7950 to determine how you can add value for your clients and your practice.
Contact Us Today