CFO News Room
NOVEMBER 30, 2022
And the consequences for incorrect tax advice can include legal and financial penalties if a client were to be harmed by the wrong advice – which is often not covered by the firm’s E&O insurance –creating an expensive liability when tax advice goes wrong.
CFO News Room
NOVEMBER 22, 2022
I think the industry likes to tell a story that one of the big drivers from insurance and brokerage firms to RIAs is essentially the economics of it. But I’m struck as you were framing this that this basically had nothing to do with the economics of it. And the economics, they ultimately worked out long term.
Barry Ritholtz
AUGUST 15, 2023
And it got to the point where there was the potential to do this nonprofit, like charitable bet. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. It’s part of their own tax planning. SEIDES: Yeah, that’s right. So, it cost the firm $320,000, well worth every penny?
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