CPAs have shifted into the financial advisory space for years now, but who's to say pure financial planners can't move in the other direction and start doing tax returns?  Is that even a good idea?

We talked to Lane Keller from Victoria, Texas, who straddles the tax preparation and wealth management worlds.  Just to make it more fun, he threw in a sizeable family office practice as well.  By talking through his experience, we tried to get to the bottom of:

  • How one manages these two business units, and if both can be profit centers.
  • How to handle the culture and technology requirements of each business unit.
  • How to handle the fact that both professions are regulated, and by different regulatory bodies.