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

We look at the pros and cons of bringing tax services in-house.

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.