Most accountants involved in tax preparation are already involved in financial planning, even though they might not realize it.

"By virtue of doing tax preparations and giving tax planning advice, they're already doing a component of financial planning," said CPA Barry Picker. A member of the New York State Society of CPAs' Personal Financial Planning Committee, Picker said that since most CPAs are already in some part of financial planning, "It becomes a question of how much do they want to extend that. They can become [registered investment advisors], get their insurance license, or some sort of securities license, depending on what they want to do. Being a CPA is a good start, but the individual has to want to go in that direction."

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