Perspective Paper: How to better utilize your tax advisor

Using a tax advisor for wealth management

Too often we see our tax advisor or accountant once a year for tax season and don’t think about that person again until the following year. One of the biggest lessons we gleaned from our thought piece, “Perspectives”, is the need to use a tax advisor strategically.

One of our interview subjects, Kris Gretzschel, CPA, CFP®, First Vice President at Wells Fargo Advisors, offers insight on investments in MLPs, the importance of ownership when it comes to 529s, and other tax-efficient and retirement strategies. For example, certain types of business losses can be used to offset other income or gains, such as Roth conversion income or gain from the sale of real estate.

To learn more about how to better utilize your tax advisor and read more insights from our interviews, download “Perspectives” today.

NNP IN THE NEWS: Anarchy in the UK


Brexit_JPGIn the June 29 issue of the Upstate Business Journal, Nachman Norwood & Parrott’ Wealth Management Consultancy’s (NNP) Managing Director, Bob Nachman, was quoted in an article, “Anarchy in the UK?” about Brexit’s effect on the global markets along with professionals from GE, BMW and others. Nachman agreed that the Brexit vote is generating widespread uncertainty, with the Dow falling 610 points following the vote, and with losses continuing.

“If you have a properly diversified portfolio, there’s no reason to panic, said Nachman. “There could be investment opportunities that present themselves because of this. That’s not just stocks. That could be bonds or other type investments.”

Read the full article on the Upstate Business Journal’s website, or call us at (864) 467-9800 if you have questions.