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@