Help is Here in Reading Brokerage Statements
These days, CPAs also are in the financial services business, and assisting clients in brokerage is a viable service and profitable venture.
But have these professionals also taken a hard look at brokerage statements? Many are very difficult to decipher to ascertain whether a profit was made or lost.
Edward Jones is an example of one firm that has taken the bull by the horns (pardon the pun) and soon will enable customers to choose from three different types of account statements. This customer-driven support will enable Jones to take an active role in providing assistance to its customers and demonstrating enhanced value.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.