Tax Strategies, Small Business, Tax Efficient Investing

What is Private Tax Advisory, Really?

Ryan Foley

May 28, 2025 9:17:37 AM

Let's start with the premise that you haven't done anything deliberately wrong. You have taken all the steps you believe are necessary to protect your wealth, your business, and your future, and you've probably done "ok".

But have you ever looked at your financial situation and thought, "I feel like I should be doing better?"

The simple truth is, you should be, but the deck is stacked against you.

How?

The financial industry isn't operating in your best interest. The person benefiting most from your wealth isn't you. The people benefiting most are the CPAs, wealth advisors, business brokers, insurance providers, and benefits managers you pay to "optimize" each of their individual elements, and they might well be doing that.

However, those pieces aren't aligned. This is fragmentation, and this is why you aren't doing as well as you could be.

What's missing in all of this specialization is a focus on an individual's full financial picture.

Consider the case of Steve, an entrepreneur with a portfolio of investments, a growing business, and an estate plan in place. He works with a CPA focused on minimizing his current-year tax liabilities, a wealth advisor dedicated to maximizing his investment returns, and an estate planner preparing his estate transfer strategy. However, because these professionals work independently, their strategies lack cohesion.

This creates several issues:

Inefficient Tax Planning: Steve's CPA develops strategies that are effective on a short-term basis but don’t consider the broader tax implications of his investments or his estate plan. As a result, Steve faces unnecessary tax burdens that could have been mitigated through coordinated planning.
Suboptimal Investment Performance: Without strategic alignment, Steve's investments do not capitalize on tax-efficient strategies, limiting after-tax growth and wealth accumulation over time.
Estate Vulnerabilities: His estate plan, designed in a silo, doesn't account for tax-efficient transfer methods, leading to higher estate taxes, forced asset liquidation, or diminished legacy.
Missed Opportunities: Critical opportunities for tax deferral, strategic gifting, or asset structuring may be overlooked because each advisor is only considering their specific area.

The worst part about all this? Steve doesn't know that he's being underserved and his wealth is being diminished. He gets his questions answered when asked, his advisors all provide him with updates on their pieces, and Steve thinks he doing all the right things.

So, back to our initial question, what is Private Tax Advisory?

Private Tax Advisory is the answer to this inefficiency and the end of fragmentation. Private tax advisory is understanding that business ownership and wealth building are a journey. Private tax advisory recognizes that whether you’re starting up, scaling up, or planning to exit, you have goals and aspirations at every stage, and that your journey is not linear.

Private Tax Advisory is:

Single source accountability, planning, strategy, and service that accounts for the bigger picture and changes in your personal and professional situations, not siloed planning and product-centric strategies.
Rigorous proactivity, a deep understanding of the client's goals that drives exploration of overlooked and underutilized approaches, not client-initiated, reactive planning.
Access to depth and breadth of experience, a bench of resources with a variety of professional designations, not challenges making critical strategic pivots due to a lack of experience.
Complete transparency, streamlined communication, goal-based accountability, and performance-based pricing, not narrow accountability.
Full service from strategic development to implementation, not an inability to adapt.
An exceptional experience built on a complete understanding of your goals and needs, accountability, and empathy, not a transactional relationship.

So, what's your next step? The only person who can change your situation is you, and you owe it to yourself to explore better options. If you stick to the same approach, you will continue getting the same, underwhelming results.

If you want to break down the siloes in your plan and improve your outcomes, set up a time to talk with our team today to learn more about Private Tax Advisory.