The nation's economic shutdown means that “now more than ever, all Americans are in crucial need of professional financial advice from their trusted financial advisor,” FSI President and CEO Dale Brown said.
“The advisory fee deduction should be available to all American households, regardless of income, as a matter of tax fairness,” Brown added.
With the global epidemic causing severe market volatility, encouraging individual Americans and business owners to seek ethical, competent financial advice is more important than it’s ever been, the groups argued.
“Every day, Americans are frightened by the extreme stock market volatility, the deteriorating business environment and the state of their personal household finances,” NAPFA CEO Geof Brown said.
“These Main Street investors realize tremendous immediate benefits when they have access to affordable professional financial advice to help them manage their finances. Access to such advice is even more important in these turbulent times,” Brown added.