The Easiest Way for Advisors to Find Hidden Assets: Conversation With TaxStatus CEO

In this edition of AFX Insiders, Billy sits down with Kevin Knull, CEO of TaxStatus, to discuss how IRS-verified data is transforming the way financial advisors deliver advice, onboard clients, and grow their practices.

Kevin shares insights from decades in wealth-tech (including helping MoneyGuidePro scale to one of the most successful exits in advisor FinTech), and explains why TaxStatus is becoming the most powerful growth engine in the advisor toolkit.

Together, they unpack:
✔️ The massive industry shift ahead — 50% fewer CPAs and ~30% fewer advisors
✔️ Why advisors MUST access tax data to render holistic advice at scale
✔️ How one 60-second client consent reveals every dollar of income and every account
✔️ Why most advisors only manage 20–30% of a client’s assets
✔️ How firms using TaxStatus discover 200–300% more assets within weeks
✔️ How verified data creates deeper relationships, reduces friction, and differentiates advisors
✔️ Why real wealth transfer won’t happen in brokerage accounts — but in business sales, real estate, and liquidity events
✔️ The “first meeting transformation” — going from data collection to goal-based advice instantly

Kevin also shares the powerful mindset shift every advisor needs today:
Stop trying to collect data manually. Automate it — and focus on delivering value.

Whether you're an RIA, hybrid, or independent advisor, this conversation is packed with insight on how to elevate your service model, grow organically, serve multi-generational households, and stay competitive in a rapidly changing marketplace.