>Smart Tax was recently featured in an article entitled “Recession Weary Advisors Branch Out” in the Financial Advisor. The article talks about the option to brokers looking for a new path in the financial sector and highlights the Smart Tax franchise. Nick Rizzi, CEO and Founder of Smart Tax, and Joesph Fontana, Vice President of Franchise Development, were quoted in the article. Below is an annotated version of the article with a link to the full article.

Recession Weary Advisors Branch Out
March 02, 2010

Financial advisors who want to be independent are becoming more open to the idea of branching out into areas that are recession proof, such as tax preparation, according to two advisors who have successfully taken that route.

“Financial advisors are shell shocked and are looking for other venues,” said Joseph Fontana, vice president of franchise development for Smart Tax, a tax preparation service founded in 2005 and headquartered in Brooklyn, N.Y. with offices in New Jersey and Texas. “I firmly believe that one new venue can be tax preparation. The feedback I am getting from other financial advisors to that idea is phenomenal.”