The Perfect RIA

Creating Value Adds from the Tax Return

May 2, 2024

Jamie, an expert in navigating tax season complexities, discusses creating value adds for clients. Topics include strategic client meetings, secure data handling, collaboration with CPAs, differentiation between advice and planning, implementing value-added services like a 1099 checklist, setting deadlines, and crafting net worth reports.

30:25

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Jamie

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Quick takeaways

Emphasizing the importance of dedicated time blocks for client meetings and data security during tax season.

Collaborating with CPAs for holistic financial advice and optimizing tax strategies through clear differentiation between tax advice and planning.

Deep dives

Shilinz & Associates Firm Background and Impactful Financial Advisory Practices

Shilinz & Associates, an RA firm based in Anchorage, Alaska, founded by Floyd and Rosa Shilinz, has been delivering significant value to clients for over 40 years. With a focus on impacting individuals and avoiding reducing their financial practice to mere numbers, they emphasize making multi-generational impacts during significant life milestones. The firm's 'Surge' period, strategically capped to six weeks in spring, emphasizes gathering essential client information, focusing on refining processes and ensuring client security through digital protocols.

Simplify Processes and Add Value to Clients

01:21

Introduction

3min

Preparing Clients for Tax Season and Ensuring Secure Data Handling

4min

Navigating Tax Challenges as a Financial Advisor

5min

Streamlining Tax Information Retrieval Process

16min

Strategic Client Information Utilization and Value Add Planning

3min

In this episode, Jamie shares invaluable insights for navigating the complexities of tax season while delivering unparalleled value to clients. Advocating for the strategic utilization of surge periods, she emphasizes the importance of dedicated time blocks for meeting clients and ensuring their needs are met comprehensively, alongside prioritizing client information security through secure portals and encryption protocols. Listeners will discover the power of collaboration with CPAs, fostering holistic financial advice and optimizing tax strategies through a clear differentiation between tax advice and planning. Jamie offers practical tips for implementing value-added services, including a comprehensive 1099 checklist, setting clear client deadlines, and utilizing structured homework sheets, all while emphasizing the importance of spot-checking information accuracy and crafting compelling net worth reports to resonate deeply with clients.

Creating Value Adds from the Tax Return