My broker dealer does not allow us to give tax advice. How can we handle that issue?

As a mechanism of discovery and illustration, Tax Clarity can show advisors and their clients hidden tax opportunities that can significantly impact cash flows.  

Tax Clarity is designed to bring a coherent view of overall tax complexities to advisors and their clients.  Under the current suitability standard and definitions of "tax advice", financial advisors may already have a duty to understand, consider and explain the tax consequences of various strategies. Indeed, the Certified Financial Planner (CFP) Board of Standards sates in its "Financial Planning Competency Handbook"

A competent financial planner can evaluate multiple years of prior 1040s and supporting documents to inform present tax-planning decisions and identify planning opportunities and areas of concern for the current and future periods.

If a client wants specific tax advice - meaning an opinion from a federally authorized tax practitioner who could prepare tax returns and defend the client in front of the Internal Revenue Service - the proper source would be a Certified Public Accountant, Enrolled Agent or Attorney.

As a mechanism of discovery and illustration, however, Tax Clarity can show advisors and their clients the hidden Effective Marginal Rates (EMR) that can significantly impact taxes and cash flows on a regular basis.  

As a Tax Clarity subscriber, additional disclosure can be added to the report to align compliance obligations.  Our free white paper is also a valuable resource on the topic: The Elephant & The Snowball: How Advisors Can, and Should, Talk Taxes with Clients