Episode 35 Enhancing Client Outcomes Through CPA and Financial Advisor Partnerships w/ Adam D. Koós

The Young CPA Success Show (Episode 35): “We need to get the phrase ‘exit planning’ out of our vocabulary. I like to call it business transition planning or transitioning you from wherever you are today to wherever you want to be.” – Adam

Adam D. Koós, Founder and President of Libertas Wealth Management, joins the show and delves into the significance of fiduciary responsibility in financial planning. They discuss the benefits of fee-only advisors and the necessity of transparency and ethical behavior. The conversation also explores the evolving role of CPAs, the importance of collaboration with financial advisors, and strategies for managing highly appreciated assets. The episode emphasizes the need for proactive relationship-building and holistic financial planning.

The finer details of this episode:
● Importance of fiduciary responsibility in financial planning.
● Relationship dynamics between financial advisors and CPAs.
● Challenges and implications of fiduciary principles for clients.
● The significance of being a fee-only financial advisor to minimize conflicts of interest.
● Strategies for young CPAs to build relationships with financial advisors.
● The role of transparency and communication in investment strategies.
● Evolving responsibilities of CPAs in the financial advisory landscape.
● Emotional aspects of financial decision-making and their impact on clients.
● Importance of having a clear financial plan and regular assessments.
● Educational resources and strategies for clients to enhance financial understanding.

BULLET LIST
● Summit Virtual CFO by Anders website: https://www.summitcpa.net/
● Email us with questions or if you’d like to be a guest on the show: [email protected]
● We’re hiring! Check out our open positions: https://www.summitcpa.net/career-oppo...
● Connect with Adam here:   / adamkoos  
● Check out Libertas Wealth Management here: https://www.libertaswealth.com/