Spring 2013 issue of Horizons

Clients count on independence and objectivity from our team. We are fee-based advisors and our client’s best interest is foremost in all that we do. Our wealth management team is highly networked in the communities we serve and is an invaluable resource for clients who turn to us first for recommendations to satisfy a variety of their needs. The RubinBrown wealth management process is a continuous, disciplined, highly successful methodology that includes these steps:

100th birthday of the United States Income Tax

The income tax was established in the United States when the 16th Amendment to the Constitution was ratified in October 1913.

At that time, the first Form 1040 was created.

No doubt the complexity of the income tax system has increased dramatically over the last 100 years, as has the income tax rate!

∙ Establishing and defining the relationship with the client

∙ Gathering relevant data and facilitating the establishment of client financial goals

∙ Analyzing the data and assessing the client’s financial position

∙ Developing recommendations for achieving the goals

∙ Implementing the recommendations in collaboration with the client

∙ Monitoring the progress of recommendations and their results

Minimizing the client’s effective income tax cost is almost always one of the goals, but as you can see, while an important element of the process, it is not the only part. So perhaps next time I am asked “What do you do,” I should respond, “I am a CPA who helps clients build and protect value by employing our disciplined wealth management process.” I suspect that response may lead to several possible results…abruptly end the conversation, or begin an engaging discussion about financial planning, or lead to a follow up question…”Great, so can I deduct the cost of my hot tub as a medical expense?”

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