Family of financial services firms offering services including wealth management, brokerage, estate planning and risk management, Financial Gravity Companies Inc (OTCMKTS:FGCO) on April 19, 2022, announced that Tax Master Network subsidiary has updated its web presence. This will enable them to invite tax professionals harness all the membership levels.
Market Reaction
On Tuesday, FGCO stock ended flat at $0.0970 with 1K shares, compared to its average volume of 670 shares. The stock moved within a range of $0.0970 – 0.0970 after opening trade at $0.0970.
TMN’s website promoted the entry-level “Basic” membership, giving members its Tax Architect software as well as fundamental business development tools. The redesigned website will enable users to explore “Advanced” membership including greater marketing resources. Additionally, the new “Family Office Director” membership provides turnkey back office for leveraging planning opportunities with asset management and insurance services.
TMN CEO Ed Lyon said that the first proactive tax planning software was launched by TMN about 17 years back. Lyon added Intuit recognizes the need to offer planning. The CEO feels that the real value for clients and planners will come from implementing.
Tax professionals need to evolve for competing and TMN’s Advanced and Family Office Director memberships facilitates the same. TMN’s ultimate goal is to help tax professionals offer multifamily office services. This is arranged through a unique “Done for You” partnership. In the last one year, the “Family Office Director” membership has augmented by 62% in 12 months, reiterating that tax professionals see real opportunity with this model.
Key Quote
“Seventeen years ago, TMN launched the first proactive tax planning software for accountants,” said TMN CEO Ed Lyon. “Today, even Intuit recognizes they need to offer planning to keep up. But the real value, for planners and clients, comes from implementing that planning. Tax professionals need to evolve to compete, and TMN’s Advanced and Family Office Director memberships help distinguish them from competitors who are just now discovering the services we’ve spent years promoting.”
