Investment Advice Fees are Tax Deductible

This article reminded me of another reason it’s better to pay for financial advice separately from high cost investments.  Front-end loads, 12b-1 fees, and annual expense ratios are not tax deductible.  Financial advice such as tax-preparation fees, investment advisory annual fees, and the cost of creating a financial plan are tax-deductible.

Client Education More Important Than Fiduciary Rule

Now, as a disclosure, I am NOT a CPA – I don’t even do my own taxes – but this is a fairly common tax deduction so consider it a reminder, not tax advice!

If these topics sound like they would be of interest to your employees, sales conference, or professional organization, contact me at 303-324-0014 or kristi@sullivanfinancialplanning.com for more information.

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Kristi Sullivan

My name is Kristi Sullivan and I have been helping people achieve financial security since 1996. I am a fee-only financial planner and public speaker. I do no investment or insurance sales for commissions. My clients pay me for guidance through their financial questions. I also work with employers to educate their employees about personal finance. I have been helping people make financial decisions for 18 years. I have worked in employee benefits and with individual clients/families. I hold the Certified Financial Planner designation. Sullivan Financial Planning, LLC is a Registered Investment Advisory firm with the State of Colorado. Areas of expertise include prioritizing savings goals, investment allocation, and wealth manager searches.