Advisor Insights

Sheryl Rowling's Practice Wise: Should RIAs Offer Tax Services?

Sheryl Rowling

Sheryl Rowling’s new Practice Wise column is available first in Morningstar Office Cloud.

My practice, which started out as 100% tax services, has gradually morphed to about 90% investment management and 10% financial planning and tax services. These days, one question I’m often asked is “Does it make sense to provide tax services as an RIA?”

First, some personal history.