When you visit your certified public accountant or estate attorney, he or she typically doesn’t offer investment advice. Your financial planner, while familiar with tax and estate planning concepts, is generally not licensed to give in-depth advice on those topics. Not all advisors want to bring more services under their roof, saying clients are better off using professional firms that specialize in just one or two areas.
“If everyone worked at the same firm, it wouldn’t be as transparent if one advisor wasn’t necessarily acting in the clients’ best interest,” says Anderson Lafontant, senior advisor of advanced planning at Miracle Mile Advisors in Los Angeles.
Read the full article: Should Advisors Offer Tax and Other Services? (US News)
