Larson Online Financial Services, Inc.

Wealth Management for Accountants

As an accountant, you play a critical role in helping your clients manage their finances and build wealth over time. Whether you’re advising individuals (I), small businesses (SB), or large corporations (LC), it’s important to stay up-to-date on the latest best practices (BP) and industry insights in wealth management (WM). In this blog post, we’ll explore some of the key strategies and tools that you can use to help your clients achieve their financial goals.


One of the first steps in effective WM is understanding your clients’ needs and goals. This involves taking the time to get to know your clients and their financial situation, as well as conducting a thorough analysis of their assets, liabilities, and cash flow (CF).

When working with I, it’s important to consider factors such as their age, retirement goals, risk tolerance (RT), and investment horizon (IH). For SB, it’s critical to consider the impact of the business on their personal finances, as well as the company’s financial goals and potential future funding needs. In both cases, it’s important to understand your clients’ overall financial picture and work with them to develop a customized WM strategy.


Once you have a clear understanding of your clients’ needs and goals, the next step is to develop a comprehensive WM plan. This should include a detailed analysis of their current financial situation, as well as a roadmap for achieving their goals.

When developing a WM plan, it’s important to consider a wide range of strategies and tools, including:

Utilizing WM Tech

In today’s fast-paced and complex financial environment, it’s important to utilize technology to streamline your WM processes and provide your clients with the best possible service. Some of the key technologies you should consider include:

June 2 2023

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