Multidisciplinary Practices: Emerging Slowly... Very Slowly

Grote, Jim
April 2002
Journal of Financial Planning;Apr2002, Vol. 15 Issue 4, p52
Academic Journal
This article discusses the nature of multidisciplinary practice (MDP) and the views of financial planners in the U.S. on the emergence of MDP in the financial advisory business. The multidisciplinary practice, a firm with several types of professionals working in-house, is a slowly emerging trend in the financial advisory business. Philip Palaveev, who works with the Financial Advisory Consultant Practice at Moss Adams in Seattle, Washington, describes an MDP as one housing multiple specialists who work with the same clients. The Academy of Multidisciplinary Practice Inc. uses the broadest definition for the MDP, which involves two or more independent professionals who coordinate their efforts to create effective estate and wealth planning for clients.


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