Step 2: The CPA Advantage - Protecting and Preserving Client Wealth (Video) (Course Id 2691)

• Who is this course for?
  This course is for CPAs and other professionals needing Continuing Professional Education (CPE), particularly those seeking to expand their advisory role and better protect client wealth.

• What is this course about or what problem does this course solve?
  This course addresses the hidden risks in client financial structures, debunking common myths and providing tools to identify protection gaps that can jeopardize wealth.

• How can the knowledge from this course be used?
  Participants can use the course’s strategies to perform insurance audits, evaluate risks from uncoordinated advisors, and lead conversations that highlight overlooked financial vulnerabilities.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It empowers financial professionals to go beyond compliance and act as trusted advisors who proactively protect and preserve client wealth by spotting and closing hidden gaps.

• When is this course relevant or timely?
  The course is particularly timely amid ongoing technological change and industry consolidation, which demand CPAs to adapt and deepen their client engagement.

• How is a course like this consumed or used?
  This self-study video course is completed online, includes review and final exam questions, and requires a passing score of 70% to earn 1.0 CPE credit.

As technology and consolidation reshape the accounting profession, CPAs must expand their role beyond compliance to remain indispensable. Clients don’t just worry about markets — they worry about what they don’t see. Outdated policies, advisor silos, and hidden exposures quietly undermine wealth. The truth is, wealthy clients rarely lose money in the markets; they lose it in the gaps no one is monitoring.

In this second session of our 8-part Financial Literacy Series, you’ll learn how to uncover and address the silent risks that clients assume are covered but rarely are. We’ll tackle the myths that lead to false confidence — such as “insurance equals protection,” “other advisors have it handled,” and “cybersecurity is just a tech issue.” Each myth is paired with practical solutions and scripts you can use to lead visibility conversations without crossing into product sales.

Key takeaways include how to conduct an insurance audit that surfaces outdated or misaligned coverage, how to identify risks created by uncoordinated advisors, and how to reframe digital and legal exposures as part of a client’s bigger wealth picture. You’ll also learn how to overcome common CPA objections and position yourself as the integrator who connects the dots others miss.

This is Step 2 of the series, designed to give you the conversational tools to strengthen trust, reduce client anxiety, and ensure their wealth is truly protected.

Video - NASBA QAS - NASBA Registry - 2691

Course Learning Objectives

1. Identify protection gaps in insurance, legal, and financial structures.
2. Apply an insurance audit framework to test coverage alignment.
3. Evaluate risks caused by siloed advisors and conflicting strategies.
4. Recognize digital and legal threats that quietly erode client wealth.
5. Position themselves as integrators who lead visibility and security.

Chapter 1 - Step 2: The CPA Advantage - Protecting and Preserving Client Wealth

Chapter 1 Review Questions