CPAs say wealthy clients are spending less, rebalancing portfolios

06/24/2009 | WebCPA · American City Business Journals

CPA financial advisers say their high-net-worth clients are taking a new look at tax planning and adjusting their portfolios by accelerating capital gains and increasing contributions to qualified retirement plans such as 401(k)s and IRAs, according to an AICPA survey. Clients of the 529 CPAs holding the AICPA Personal Financial Specialist credential who were surveyed told their accountants that the downturn has already led them to tighten their budgets. Read the AICPA news release.

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WebCPA · American City Business Journals

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