Big Picture In Practice

Ritholtz Wealth Management: “Tax Advice is Financial Advice"

Episode Summary

One truth that Ritholtz Wealth Management holds to be self-evident: Clients hate paying taxes more than they like making money.

Episode Notes

Bill Sweet, chief financial officer, and Bill Artzerounian, director of tax services at Ritholtz Wealth Management, say that a thousand dollars saved in taxes creates more client satisfaction than six-figure investment gains. That’s why it’s more important than ever for firms to embed tax planning directly into wealth management.

In this episode, Bill and Bill talk with Ben and Julie about:

• The importance of investing in artisan tax planning as a financial advisory practice
• Why wealth firms are pulling tax work in-house
• The tax landmines in the One Big Beautiful Bill
• Overlooked issues in estate planning and inheritance taxes

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice