For many individuals, managing their financial life involves navigating a maze of overlapping concerns, with taxes often at the center. Have you ever asked your advisor questions such as:
- “How will selling this investment impact my taxes?”
- “What’s the best way to structure this gift to my children?”
- “Should I convert my traditional IRA to a Roth IRA?”
Too often, the answer is, “You’ll need to talk to your accountant about that.” This response, while common, creates extra steps for you, requires additional coordination, and increases the likelihood of miscommunication. At Core Wealth Management Inc., we work directly with our in-house, affiliated accounting firm, Schanel & Associates, PA, to offer tax planning and preparation services. This collaboration allows us to provide integrated advice with the goal of helping to simplify your financial life and deliver more effective solutions.
*Note that Schanel & Associates, PA, is a separate legal entity, and clients are under no obligation to use these services.
The Benefits of In-House Tax Expertise
- Seamless Integration of Advice: With tax services offered through Schanel & Associates, PA, you receive financial and tax advice seamlessly integrated in one place, eliminating the need for back-and-forth communication between your advisor and external accountants. This approach helps increase the likelihood that decisions are made with a comprehensive understanding of your tax situation, aiming to reduce errors and identify potential opportunities.
- Improved Outcomes: Taxes are a significant factor in most financial decisions, from investment strategies to estate planning. With in-house tax expertise, we can proactively identify tax-saving strategies, including tax-loss harvesting, retirement plan optimization, or charitable giving techniques. This means we can offer you solutions that consider the full picture, not just isolated elements.
- Enhanced Trust and Value: Our clients appreciate comprehensive service and the ability to draw upon multiple professionals who offer expertise across disciplines. At Core Wealth Management, we strive to address complex questions efficiently, reinforcing our role as your primary financial partner.
- Efficiency and Convenience: Gathering documents and coordinating meetings with multiple professionals can be unnecessarily stressful and time-consuming. By offering tax prep services in-house, we simplify your financial life, saving you time and effort and increasing the likelihood that nothing slips through the cracks.
- Deep Knowledge and Insights: With tax professionals as part of our wealth management team, we are able to provide more nuanced and holistic advice. This collaboration fosters a more robust understanding of how tax considerations interplay with your overall financial plan.
Why Core Wealth Management Inc. is the Right Choice for You
At Core Wealth Management Inc., offering in-house tax planning and preparation services is more than just a convenience—it’s part of our commitment to delivering comprehensive, high-quality advice. You have many options when it comes to choosing an advisor, and we believe that our ability to provide comprehensive services, including tax planning, sets us apart.
With Core Wealth Management, you gain a trusted partner with both financial planning and tax expertise who can provide you with peace of mind and confidence in your financial future.