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Generate Passive Income by Offering Tax-Advantaged Wealth Management to Your Tax and Accounting Clients

You’re the most trusted tax and accounting advisor in your client’s life. If they haven’t asked you for advice on investments, insurance or advanced planning, they will. When you partner with us, we’ll help you offer wealth management to your clients and share in advisory fees. In some cases, you don’t even need to be licensed.

Offer Wealth Management to Help Tax and Accounting Clients With Their Entire Financial Journey

We’ve built one of the best processes for tax-focused accountants and advisors to work together to provide value to clients. There are three different tracks we offer.

Offer Wealth Management to Help Tax and Accounting Clients With Their Entire Financial Journey

You May Not Need to Be Licensed to Share in Fees

There are 11 states where you’re able to share in advisory fees (typically 1% of the assets under management) without a license: California, Florida, Texas, New York, Colorado, Kentucky, Louisiana, Ohio, Pennsylvania, South Dakota and Arkansas. If you’re not in one of these states, we recommend you work with us to obtain a Series 65 license. This will allow you to share in advisory fees. 

You May Not Need to Be Licensed to Share in Fees

Tax-Advantaged Wealth Management

Help your tax and accounting clients build a well-diversified, tax-advantaged portfolio to take advantage of good times while saving on taxes. At the same time, allocate a portion of their portfolios to products with fixed future income payments to hedge against downside risks.

Steps to Offer Tax-Advantaged Wealth Management to Your Tax and Accounting Clients

Apply to Be One of Our Wealth Management Partners

The first step is to apply with us with a pre-licensing application profile (PLAP) and a consumer reports authorization (CRA) form. Once you have been approved, sign our benefits letter.

Personal & Business

Personal
Income
Expenses
Net Worth

Business
Revenue
Expenses
Enterprise Value

Tax Planning

Deductions
Legal Entity
Structure
Retirement
Insurance
TCJA, CARES
Advanced
Strategies
Niche Specific
Asset & Gift Freeze

Investments

IRA
Solo 401k
Brokerage Account
Simple IRA
REIT
Alternatives
Investments
Roth IRA
Private Placement
Opportunity Zones
Self Directed 401k

Insurance

Personal
Income
Expenses
Net Worth

Business
Revenue
Expenses
Enterprise Value

Estimate Planning

Deductions
Legal Entity
Structure
Retirement
Insurance
TCJA, CARES
Advanced
Strategies
Niche Specific
Asset & Gift Freeze

Cash & Equivalents

IRA
Solo 401k
Brokerage Account
Simple IRA
REIT
Alternatives
Investments
Roth IRA
Private Placement
Opportunity Zones
Self Directed 401k

Partner With an Advisor

Partner With an Advisor

We pair you up with a partner of your choice, who will be a licensed financial advisor with either a Series 7, 66, 65 or other license. We will ensure you know the compliance requirements and will help you set up disclosures in engagement letters.

Review Your Client List With Our Team

The next step is to set up a meeting with your tax-advantaged wealth management partner. You’ll review your tax and accounting client list and shortlist clients who might be a good fit. These are generally people who have $400k+ in either income or investable assets.

Review Your Client List With Our Team
Meeting With You, Your Client and Your Advisor

Meeting With You, Your Client and Your Advisor

These are 3-way meetings with you, the client and your partner. It’s important you start the call by introducing your partner. Let them take the lead on questioning and recommendations. We have a 150+ slide presentation on tax-advantaged wealth management you can review before the video call.

Offer Your Guidance and Advice as Needed

Once the hand-off has happened in the initial meeting, there may be many follow-up meetings, applications and communications between your partner and the client. However, you may be requested at various points to offer the client tax advice and guidance.

Offer Your Guidance and Advice as Needed

Tax-Advantaged
Wealth Management Plans

We’ll work with you to determine the risk tolerance, timeline and investment return objectives of your tax and accounting clients. We’ll also perform risk management and diversification planning, and look over their entire personal and business structure to optimize for tax-advantaged growth. Finally, we’ll advise on protections against key risks on a per-client basis. Below, you’ll see the products that could make up our tax-advantaged wealth management plan. Some of these products we’ll deliver directly, while some we’ll coordinate with third-parties such as our broker-dealer and attorneys.

Investments

Investments

  • Single Stocks
  • Money Managers (such as Goldman Sachs)
  • Oil & Gas Programs
  • Mutual Funds
  • Hedge Funds
  • REITs
  • Fixed Income
  • Private Equity
  • 401(k)
  • Individual Retirement Accounts (IRA)
  • 529 Plans
  • Health Savings Accounts (HSAs)
  • Simplified Employee Pensions (SEPs)
  • Precious Metals

Insurance

  • Variable Universal Life Insurance (VUL)
  • Index Universal Life Insurance (IUL)
  • Long-term Care Insurance
  • Disability Insurance
  • Trust-owned Life Insurance (TOLI)
  • Corporate-owned Life Insurance (COLI)
  • Reinsurance
  • Whole Life Insurance
  • Non-qualified Deferred Compensation Plans
  • Variable Annuities
  • Fixed Annuities
Insurance
Estate Planning

Estate Planning

  • Will
  • Living Will (Advanced Health Directives)
  • Gifting Plans
  • Succession Planning
  • Asset Protection (Trusts)
  • Charitable Giving
  • Beneficiary Selection

Advance Planning

  • Wealth Transfer
  • Monetized Installment Sales
Advance Planning

Start a Referral Relationship with
a Partner Today

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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