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SEPTEMBER Features
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All About
COMMISSION-BASED SERVICES
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The Commission Commitment
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By Ron Klein
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| Financial Service Opportunities: Regulatory and
Other Dangers
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| By Dan L. Goldwasser and Michael J.
Crisafulli
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As CPAs engage in
commission-based services, often in order to better serve the
diverse needs of high-net-worth clients, they encounter many
thorny regulatory, ethical, and practical issues. There is
much to be considered before taking the plunge. This
comprehensive look at the topic, consisting of two articles
and several sidebars, is part of The CPA Journal
Millennium Series (Article1) (Article2).
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| Succession
Planning and Exit Strategies for the High-Net-Worth Business
Owner
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| A Panel Discussion Moderated by James L.
Craig, Jr.
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Very often, the principal asset
of a high-net worth individual will be a family-owned
business. The CPA is an ideal position to inform the owner of
the importance of succession planning and an exit strategy.
Four experts on the topic discuss their thoughts and
approaches to the topic. The panel agrees on the use of an
employee stock ownership plan for most--but not
all--succession scenarios. (Article)
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| Some
Considerations for Private Investment
Partnerships
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By Arthur S. Ainsberg
and Steven J. Fredman
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Private Investment
Partnerships, sometimes called hedge funds, have gained
notoriety as a risky, high-yield option for high-net-worth
individuals. There are a number of restrictions that apply to
these investment vehicles; however, recent changes to the
securities law have made them more flexible and
accessible. (Article)
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Personal Financial Planning Software
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By Anthony H. Sarmiento
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For the CPA entering the
financial planning field, there are a number of software
packages on the market which can help perform calculations and
produce graphic output. This article is a brief look at the
options available and what they can do for the planner. (Article)
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| Financial Planning
for Divorced Individuals
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By Thomas R. Robinson
and Lawrence C. Phillips
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A divorce can have a
negative financial impact on both parties. Often, a CPA can
help to minimize the damage, but too often an agreement is
already finalized and restricts what can be done. The earlier
the CPA is involved, the more that can be done to craft a
beneficial resolution for both individuals. (Article)
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