Can a CPA Be a Financial Advisor?

CPAs play a valuable role in keeping our finances in order—but what else can they do?

Certified public accountants (CPAs) play a vital role in society. They help us to achieve financial wellness, but how far do their skills really expand? Do CPAs only offer help with general accounting, or can they also act as a financial advisor? In this article, we will discuss everything that you need to know about CPAs and their services.

Understanding CPAs and What They Offer

In order to understand how CPAs can benefit your financial wellness, you will need to understand what they are, and what separates a standard CPA from a financial advisor. There are many different roles to play in the world of finance, and both of these professionals can help you to do the most with your finances. Let’s take a closer look at what they do and where they meet.

What Do CPAs Do?

A certified public account is a partner in your financial wellness. They help with general accounting, money management, and taxes. However, they can offer even more services than the ones on this list. Depending on what additional experience and certifications your CPA has, you might just find that the average CPA can offer you quite a bit of help.

What Do Financial Advisors Do?

A financial advisor is another expert and partner in your personal finance journey. They will provide advice pertaining to finances to their clients, offering guidance on how to best manage their finances. This often includes topics like taxes, managing an estate, and also plays a large role in investment strategies.

Can CPAs Be Financial Advisors?

A CPA can be a financial advisor, but that doesn’t mean that all of them are. In a lot of cases, people will work with both a CPA and a financial advisor to ensure that their needs are covered. However, it is possible to find a CPA with more expansive services that can help you to figure out what steps you need to take for your finances.

What Does This Mean for You?

At the end of the day, both CPAs and financial advisors charge for their services. When you explore your options, be sure to consider what makes the most sense for you. Think about what specializations you might need and look for professionals that meet these standards. Finding the right experts can help you to really improve your finances.

The Takeaway

A CPA is a trusted friend and advisor that can play an essential role in helping to determine your financial future. Before you make a decision on who to work with, it can help to sit back and decide what you really need from the person that you plan to work with. If you are looking for a Witchita CPA, contact us today to learn how we can prepare you for your financial journey!