These are some typical scenarios involved when working with either an accountant or a financial advisor, but either of these professionals may have additional licenses or certifications that can make them good resources for other things. Always ask about an advisor or accountant’s licenses and certifications before deciding to work with them. Depending on their specific services, advisors are typically required to pass both the Series 7 and Series 65 or 66 exam, which test their knowledge of securities and investment strategies.
The true value of moving to an advisory-based model is that it will reignite your passion for serving clients and enable you to do what you started out in this profession to do—help others. Helping clients meet their business challenges begins with an in-depth understanding of the industries in which advisory accounting they work. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.
Financial Advisor Certification Requirements
Discover how streamlining tax returns can elevate your firm’s client service to a new level. The latest advances in technology can also help you analyze trends and support your clients with meaningful insight that helps their businesses grow and thrive. As you and your staff begin to understand the challenges and opportunities of your clients, you can swiftly identify additional opportunities to serve them effectively. A scope agreement clearly explains the scope of your services — what is included and what is not. This is particularly important for accountants who find themselves unknowingly giving away tax advice for free by answering one-off questions on a regular basis. In today’s increasingly complex business landscape, you face a gauntlet of technical accounting, tax, and financial reporting issues.
With technology automating much of today’s tax compliance work, you can shift your firm’s engagement strategy for new clients based on the value your firm brings to their business. Client engagements are rightfully centered around your client’s business goals and the guidance your firm can provide, in addition to traditional tax compliance. What makes advisory services so important is that your unique expertise becomes the centerpiece of your value proposition. From helping clients protect their wealth to supporting small businesses to securing a future for families, the shift to advisory is not only more lucrative, but offers a deeper and more fulfilling work experience.
PCAOB IAG seeks nominations for best CAMs
Reports and filings required by external stakeholders to comply with regulations and standards. © 2024 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained herein is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The role of CAO is evolving, from traditional accounting to becoming valued business partners in transformation and strategy. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done. Our dedicated team can be by your side to proactively navigate and address complexities from an ever-changing business landscape.
