Peter Prescott formed Prescott Tax & Wealth Management (PTWM) over 20 years ago to focus on the needs of individual and small business owners who want and deserve a more comprehensive approach to their financial affairs that are typically provided by separate CPA, Financial Planning and Insurance advisors. Peter was one of the first CPAs nationally to offer a combined CPA and Financial Planning approach.
Peter astutely observes that most individuals go to separate financial advisors who are trying to maximize the business for their own specific service without regard to the impact of the other areas of required planning and the budgetary trade-offs needed for ultimate financial success.
Peter is proud of his training and background including a CPA, Masters in Taxation, Advanced Financial Planning designations, Accredited Investment Fiduciary designation, Registered Securities Principal, B.S. in business from U.C. Berkeley, Insurance Agent and Price Waterhouse alumni. However, Peter is prouder to be able to implement all of these skills sets when assessing client’s unique financial situations. Few advisors or firms have the training and experience to deliver such a comprehensive approach. PTWM can complete what is needed from planning conception through implementation.
This approach provides the most client satisfaction and positive feedback to PTWM. “We are often told by clients that our comprehensive approach implementing strategic tax planning is the missing element not found from other advisors. The challenge today is that clients have too much information coming at them daily. They need an experienced professional can that stay current with all new tax laws and interpret what is important and relevant to their situation. Our comprehensive financial approach can’t be replaced by software, hardware or websites. One of the greatest added value returns we offer our clients are tax savings which can sometimes be higher than actual investment returns” states Peter.
Most clients first come to PTWM as a CPA Tax Client or for a Comprehensive Financial Review. Both approaches allow PTWM to find tax savings and efficiencies which are often the greatest source of financial returns. More importantly, Peter states that this process allows PTWM to learn about each individual’s personal life goals that normally don’t come to life when just looking at the numbers. Unlike most CPAs, Peter is an extroverted people person that wants a personal relationship. This philosophy is the backbone of how PTWM works with each client.
The core tenants of this philosophy are to help each individual maximize their return on life through the various life stages.
1. Organization: We will help bring order to your financial life.
2. Accountability: We will help you follow through on your financial commitments.
3. Objectivity: We bring insight form the outside to help you avoid emotionally driven decisions in important tax and money matters.
4. Proactivity: We work with you to anticipate your life transitions and to be financially prepared for them. Time spent in preparation avoids time spent in reparation.
5. Education: We will explore what specific knowledge will be needed to succeed in your situation.
6. Partnership: We attempt to help you achieve the best life possible but will work in concert with you, not just for you, to make this possible.
To schedule a consultation or to connect with Peter directly, call (949) 248-9815 or email
Securities and advisory services offered through Independent Financial Group, LLC (IFG), a registered broker-dealer and investment advisor. Member FINRA/SIPC. PTWM and IFG are unaffiliated entities. Peter D. Prescott CA Insurance License #0733213