Partner with us to offer tax-advantaged wealth management to your clients. Whether you don’t have a license, just want to refer, become an advisor or transition your financial advising firm, we’ve got the solution for you.
With our network of over 8,900 tax and accounting professionals, we’re able to connect accountants with financial advisors to offer tax-advantaged wealth management to clients. We choreograph the entire experience from your website to calls, onboarding and delivery.
Most tax and accounting professionals aren’t licensed financial advisors. But when you start to look at how you’re helping your clients, becoming a financial advisor is one of the most obvious next steps for providing them with further value. They want someone to help them manage their entire financial picture from tax planning to CFO services and wealth management. For you to be able to offer these services without a referring advisor, you have to become a licensed financial advisor. Most broker-dealers don’t support accountants, but via our partnership with Cambridge Investment Research, we support outside business activities (OBAs) like tax and accounting.
The First Step to Becoming a Financial Advisor Is Passing the Exams
You can pass all of the exams needed to offer investments and insurance in 3-6 months.
We Recommend Taking These Exams:
While you know everything about your clients, offering investments and insurance as part of a wealth management offering will take time. We’ll walk you through every step:
Accountants make great advisors because they understand their clients’ entire financial situation. We’ll use the client’s income statement, balance sheet, personal income statement and net worth statement for reports, together with our 150+ slide presentations for tax-advantaged wealth management and insurance planning, to show the client the value of working with us.
We’ll give you everything you need to upsell your existing clients into investments and insurance, based on their risk profile and needs.
We have thousands of accounting and tax professionals looking to partner with financial advisors like you who understand the relationship between wealth management, accounting and taxes. These accountants can receive a percentage of advisory fees in a partnership we created with Cambridge Investment Research and in some states, they don’t need a license to do so*.
We’ll work with you to determine your client’s risk tolerance, timeline and objectives for investment returns. You’ll perform risk management and diversification planning and look across their entire personal and business structure to ensure optimization for growth in a tax-advantaged manner, while advising on protections against key risks on a per-client basis.
Once we determine whether or not you need a license, we can take the next step.
When you enter a partnership with one of our advisors, it’s important that you make your recommendations based on their tax implications. As you’re not licensed, you can’t recommend any specific investment or insurance products. Our team will help keep you in compliance every step of the way.
We pair you with a partner who is a licensed financial advisor holding either a Series 7, 66, 65 or other license. You can interview and choose the person to work with. Once you and your partner are connected, you will have a meeting to review your client list and go over clients whom you think would be a good fit for wealth management. Generally people who have $400k+ income or $400k+ investable assets are a good fit. Once you have determined the ideal clients, you’ll do a discovery and hand-off meeting which is a three-way meeting among you, the client and your wealth management partner. After that, you’ll come in as and when needed for tax advice and your input in final decisions.
Most broker-dealers and branch Offices of Supervisory Jurisdictions (OSJs) don’t provide support when it comes to growing your business. We’re different. We have a network of over 8,900 tax and accounting professionals who are our customers. They have paid us to help them grow their firms and monetize their existing clients. We recommend that each of them partner with an advisor. We’ve also given them a way to share in the advisory fees through solicitor’s agreements.
We believe the tax plan is the key to being able to offer investments and insurance to clients. We have developed the marketing, sales and delivery materials for you to be able to get business owners to pay for tax planning separately from wealth management plans, even if you’re not an accountant.
We will set up active referral partnerships between you and our network of 8,900 tax and accounting firms that work with us as part of our coaching, training, events and software business. Through our relationship with the broker-dealer, we can make these accountants solicitors and they will share in advisory fees.
While most broker-dealers don’t like tax planning, we believe that if it’s good for the client, we need to find a way to do it. We approve many outside business activities including tax planning, even if you’re not a traditional accountant.
Support for outside business activities, solicitor’s agreements, pre-approved education-based sales decks and tax-advantaged wealth management, and having some of the best technology in the industry, Cambridge Investment Research is an exceptional broker-dealer partner which we work with.
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Corvee Advisors LLC are not affiliated. This communication is strictly intended for individuals residing in all 50 states, D.C. and PR.
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