The United States Supreme Court has increased the cost for trusts to obtain advice on their investments.
In Knight v Commissioner, 128 S Ct 782 (2008),......
Investment advisory fees, the Court noted, are deductible ...
CPAs who offer any kind of financial advice increasing face the possibility of greater regulatory burdens. Although most CPAs neither sell investments nor offer lifetime personal financial plans, ...... At the other end of the spectrum are those who use financial planning to market investment products, providing little or no advice beyond ...
EXECUTIVE SUMMARY
* WITH INCREASING NUMBERS OF CPAs OFFERING investment services, more are registering with the SEC as ...... These investigations determine whether the adviser is complying with the InvestmentAdvisers Act of 1940, protect investors from ...