Wealth management, some consulting and client accounting services are the top three ways that CPA firms are getting stronger in their business. They are trying to get in even stronger with their clients by offering wealth management consulting to their clients. They are also offering accounting services that even takes over their client’s internal accounting work. CPA firms are trying to distinguish between advising and consulting services. CPA firms have also been making their position stronger by offering these different services.
Key Takeaways:
- Firms are broadening their range of services to appeal to different customers for the new year.
- The depth and scope of services offered allows the company to better personalize and serve the client more efficiently.
- Confusion still exists in differentiating between the services of advisory firms, and consulting firms.
“The most popular new offerings are wealth management, client accounting services and some version of consulting.”
