Accountants & Attorneys

Examples of Conflicts of Interest

• Accountant recommends strategies that benefit a third party without explaining the involvement of the additional parties.
• Advisor recommends a service offering that is not the best solution for the client.

Questions Wealth Owners Should Ask to Surface Conflicts

• How are your proprietary tax strategies developed? Are other sources of payment besides client advisory fees tied to these strategies?
• Do you require clients to sign non-disclosure agreements to review proprietary tax strategies?
• Is your compensation affected by the mix of products you recommend and sell?
• What type of compensation agreement exists between you and others involved in this product?
• Do you recommend any products that your firm was paid to develop for other providers?