Everybody is talking about SpaceX and Tesla CEO Elon Musk’s bid to buy Twitter, a social platform that has become a critical piece of many financial advisors’ marketing toolkits.

I’m not going to weigh in on the pros and cons of a potential deal. From my personal feed, many financial advisors seem to think it would be a great idea because of their political affiliations, their ownership of Twitter’s shares or they just think it would be funny.

What I find interesting about this is how it compares to advisors’ reactions when a wealthtech company is acquired. Worries abound about the new owner making the tech proprietary and booting off any advisors who aren’t customers. There’s concerns about “cultural fit” and whether or not the new owners will support the innovation that made the tech so successful. It’s just funny to see the same people who express these concerns over Wealthtech M&A gleefully cheering on Twitter’s potential private takeover.

At any rate, advisors have bigger things to worry about with tax day looming. The explosion of retail investor interest in cryptocurrencies has not coincided with increased understanding of how these assets should be accounted for with the IRS, especially in the complex tax situations of wealthy investors. Financial Planning spring reporting associate Diana Li covered recent remarks from Janet Yellen, and wealth editor Lynnley Browning breaks down exactly what advisors need to know.

What financial advisors need to know about crypto taxes this filing season

By Lynnley Browning       6 min read

Even if they dislike digital assets, wealth planners have a fiduciary duty to understand their confusing and murky tax treatment. Read story →

Treat crypto tax reporting like stocks and bonds, Yellen says

By Diana Li       3 min read

The Treasury Secretary makes the first speech after Biden’s executive order on digital assets. Read story →

How to protect your clients from identity theft and fraud this tax season

By Rob Patchett       3 min read

There are steps you can take year-round, to help keep your clients’ personal data safe. Read story →

An RIA's Guide To Business Growth

Blockchain innovations in the commodities markets: Stepping up during a turbulent time

By Cormac Kinney       4 min read

Tokenization can unlock new hedging and investment opportunities. Read story →