Ackerman has knack for financial planning

Tax Concepts Inc. in Fayetteville handles several hundred financial plans for a variety of companies and individuals across seven states. As a professional financial planning agency, the company caters to clients looking for specialized investment advice.

Bill Ackerman, owner of Tax Concepts, say clients get more expertise and higher yields when they consult with independent or national money management firms.

“If you had a brain tumor, you wouldn’t go to a general practitioner,” Ackerman says. “You’d go to a brain surgeon.”

Ackerman says it may be more prudent for large companies with their own investment gurus to handle their own planning. But for smaller companies, specialized advice can make a difference.

Ackerman’s firm focuses on Internal Revenue Service-qualified plans that net companies tax deductions such as IRAs, 401(k)s and tax -deductible contributions.

“The individual attention you get with a professional financial planner is also a big bonus,” Ackerman says. “Outsourcing to professionals will traditionally give you higher investment yields, especially when you’re looking at a particular stock or fund. We prevent companies from having to staff up for these services.

“And they usually don’t have the kind of access that we do to research information. Fee-based organizations like us almost always give you far better service at far less cost.”

–Jeffrey Wood