Sep 20, 2021

Capital Gains Tax Changes – What This Could Mean for Your Firm and Your Future


Listen on Apple Podcasts here or via the player below.

Audio transcript available here.


[Originally recorded on July 20, 2021]

For principals of advisory firms, 2021’s end-of-year push to sell, merge, partner, or create a succession plan, is in full bloom.

Why the uptick in end-of-year transactions? 

2022’s potential capital gains tax rate increase (to as high as a 39.6 percent rate) could be detrimental to, not only the value of a firm, but to the retirement plans of principals, as well.

Simply, the increase could cost principals millions of dollars and even impact their own retirements.  

Allworth Co-CEO Scott Hanson, and his guest, Financial Planning Association (FPA) President Skip Schweiss, dissect the pending capital gains tax increase on advisors who are nearing retirement.

Capital Gains Tax Changes – What This Could Mean for Your Firm and Your Future

On this episode of State of the Industry podcast, Allworth welcomes:

Key Takeaways:

  • The details of the proposed capital gains tax increase legislation
  • How the tax increase could affect the value of your firm
  • Why selling, creating a succession plan, or partnering now could save principals millions
  • The importance of January 1, 2022
  • How partnership equity lowers your tax exposure