Starting an Investment Advisory Practice
For many CPAs, becoming an investment adviser is a smart decision. Even after deciding to become one many people will still have questions. This checklist offers help to CPAs who want to establish their own investment advisory firms.
* Do client research. Get reactions from some of your current accounting clients about your proposed investment advisory services.
* Research the competition. Make sure the local investment community is not threatened by your expansion plans. (Some clients will always need a full service broker to provide certain services.)
* Assess your skills. Evaluate the abilities of partners and existing professional staff to advise …
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Publication information: Article title: Starting an Investment Advisory Practice. Contributors: Not available. Journal title: Journal of Accountancy. Volume: 192. Issue: 2 Publication date: August 2001. Page number: 18. © 2009 American Institute of CPA's. COPYRIGHT 2001 Gale Group.
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