RIAs are undergoing a tax prep schism: Here's why

As RIAs look to expand wallet share and attract clients, holistic services like tax planning and preparation have emerged as crucial ventures. Still, not all firms — whether by choice or due to limitations — are taking that path. Research suggests that roughly 1 in 6 firms now include tax preparation among the suite of services they offer to clients. Adoption, however, is far from even across the industry. In an Arizent survey of 250 financial advisors, firms with larger AUM figures ($500 million to $1 bi ...