Customer Reviews

The Lazy CPA's Guide for Adding Financial Services to Your Tax Practice

5 star:		(4)
4 star:		(0)
3 star:		(0)
2 star:		(1)
1 star:		(0)

 

 

Nick's book is one of the best "How to" books I've ever read. A great step-by-step book for those tax professionals interested in adding financial services to their practices. Nick walks you through the painful discovery that he went through in finding the right Broker Dealer to detailing the requirements of becoming security and insurance licensed. As a Financial/Estate Planning professional who has worked with CPA's for many years, this book has really helped me work smarter with the CPA's that I work with. I have shared Nick's book with every new CPA that joins our organization. Nick's theme throughout the book is, "the client always comes first", and that your not going to sell them anything until you know exactly what they need and what their goals are. Again, a great book and a must read for any tax professional wanting to add financial services to their business.

I liked the step by step process that Mr. Hodges took to make an important business decision. He even took the unique approach of asking his customers if they would like him to add financial services to his CPA business. Good reading and practical information.

This book did three things very well: (1) described how the author brought a financial services practice to his CPA firm in a very personalized way (that is to say, not particularly applicable to others); (2) rationalized his decision to become a commissions-based IAR of a broker-dealer rather than a truly independent fee-based RIA; and (3) made a nice pitch on behalf of that broker-dealer. I gave this two stars rather than one, because it's not totally useless for those of us looking at expanding our tax practice into financial services, it's just only incidentally helpful.

I found this book to be an excellent guide to any accountant or Financial Advisor that is looking to add more financial services to their practice

I found this book to be an excellent guide to any accountant or Financial Advisor that is looking to add more financial services to their practice