Broker Check
Your CPA and Financial Advisor Should be on the Same Team

Your CPA and Financial Advisor Should be on the Same Team

June 05, 2024

Every financial decision has a tax consequence. Yet, not every financial advisor has the tools or team to take a tax-intelligent approach to help you achieve your goals and keep more of your money. At Johanson & Yau, our financial advisors work alongside a large, diverse team of certified public accountants and tax experts to help you make informed decisions, considering all tax implications at every step. 

Here’s why it’s crucial to partner with a firm like ours, where tax and wealth management services are seamlessly integrated under one proverbial roof. 

The Importance of Tax-Intelligent Wealth Management 

Traditional financial professionals focus on maximizing pre-tax returns but tend to miss the big picture: The average American pays $16,615 in income taxes annually.1  Over a 20-year period, that’s more than $300,000. 

Firms with our philosophy excel by managing investments with a focus on after-tax outcomes. Our unique and proven approach is called Avantax Intelligent Planning, and it can have a substantial impact on after-tax returns over time versus a non-tax approach. 

By strategically timing contributions and withdrawals, using tax-efficient investment products, and actively rebalancing portfolios, firms like ours help you minimize taxes and maximize growth opportunities. From retirement planning to legacy planning, our comprehensive approach considers your unique circumstances and goals, ensuring that your financial plan is tax-efficient and tailored to your needs. 

Customized financial planning for your family and business should evolve with your changing needs, which can include: 

  • Tax loss harvesting throughout the year 
  • Cash flow & debt management 
  • Retirement planning & distribution strategies 
  • Education planning 
  • Legacy planning 
  • Investment planning 
  • Family risk management 
  • Business planning & more 

Once a plan is in place, we have regular check-in meetings with you to ensure everything is on track and keep you up to speed on changes in the market and tax laws. 

Maximizing Tax Alpha with a Comprehensive Financial Plan 

Tax alpha is the added value gained through effective tax-intelligent planning and portfolio management. By implementing strategies that optimize tax efficiency, advisors like us can enhance after-tax returns for you, maximizing overall financial outcomes. 

We employ various strategies tailored to your unique financial situation to help you achieve tax savings. Tax-loss harvesting involves selling underperforming investments to realize capital losses that can offset taxable income, thus reducing an investor’s tax liability. Additionally, strategic asset allocation among different account types, such as Roth IRAs and 401(k)s, can further minimize taxes by capitalizing on tax-exempt or tax-deferred growth opportunities. 

Additionally, advisors can help clients postpone capital gains taxes through mechanisms like the 1031 exchange, enabling them to reinvest proceeds from asset sales into equivalent properties without immediate tax consequences. Strategic charitable giving and thoughtful estate planning can also play pivotal roles in reducing tax exposure and preserving wealth for future generations. Our integrated team approach, combining the ability of financial advisors and CPAs, ensures you benefit from comprehensive tax-saving strategies while planning your financial future. 

The Synergy Between Your CPA and Financial Advisor 

It’s also more convenient to trust a single firm for both your tax filings and wealth management. 

Whether you’re building your family and career, preparing for retirement, or passing on wealth to future generations, our tax-intelligent approach can help you achieve your goals at every stage of life. With both tax and wealth management services under one roof, we provide a seamless experience that ends the hassle of coordinating with multiple professionals, allowing you to focus on what matters most—your financial future. 

The difference between being tax-intelligent and not can be life-changing — helping you keep more of what you earn. 

Therefore, choosing a financial firm that offers both tax and wealth management services under the same roof can provide you with the comprehensive solutions and peace of mind you need to pursue your financial goals. If you’re ready to take control of your financial future, contact us for a free consultation. 

1 Business Insider: How much income tax does the average American pay the IRS? February 1, 2023

* Asset allocation does not assure or guarantee better performance/profit and cannot eliminate the risk of investment losses in declining markets. Investments are subject to market risks including the potential loss of principal invested. Past performance does not guarantee future results.