Best HNW client strategies for tax law changes
LAS VEGAS – In mid-April, Leslie Geller, wealth strategist at Capital Group, received about 15 calls from friends who hadn’t understood what had occurred with their tax filings following the recent tax law changes.
Why did they owe money? Should they get new accountants?
While the modifications have caused clients angst, there’s a bright side for advisors.
“The good news is these changes have brought about a lot of planning opportunities,” Geller said in a presentation at the Investment & Wealth Institute’s annual conference in Las Vegas.
While clients’ individual circumstances may vary, Geller, a former estate planning attorney, says advisors should have these strategies on their radar for HNW clientele: