Wealth Adviser: When Advisers Pay Lip-Service to Taxes

Wall Street Journal (MoneyBeat)

Some investment advisers pay only lip-service to tax-efficient investing, and it’s accountants who often see the proof of that. To a certain extent it’s only natural: Advisers are keyed into delivering the best possible returns for their clients, while CPAs focus more on taxes and costs. But Syracuse-based wealth manager Ted Sarenski, who is also a CPA and a financial planner, says problems arise when there isn’t enough real communication. “What gets said and what gets done are two different things,” he tells Wealth Adviser at WSJ.com.