PERSONAL FINANCE AND TAX ADVISORY IN PRACTICE: INSIGHTS FROM AN INTERNSHIP AT 1FINANCE

Abstract

This report chronicles my experience as an intern specializing in Personal Finance and Tax Advisory at 1Finance, a leading platform dedicated to empowering individuals and businesses through expert financial solutions. The internship was undertaken as part of our 2nd-year MBA Toolbox curriculum and provided a deep dive into the nuanced practices of financial advisory and tax planning in real-world scenarios. I became aware of the intricacies of individualized financial planning and tax compliance through my internship experiences, by getting involved in client advisory procedures, tax research, and content creation. I engaged in tax related topic analysis, advisory deliverable support, and financial literacy efforts, through the firm's blogs and outreach. Working with an accomplished team, provided revealing knowledge about market trends and the value of customized advisory services in accordance with the individual clients' financial objectives. With the encouragement of my faculty mentor, Professor Rahil Dosani, this apprenticeship connected theoretical understanding to practical application in taxation and personal finance management. This executive summary anticipates the extensive learnings highlighted in the report, and demonstrates the significant impact that such internships have in developing aspirations of new financial advisors in a changing, client-based practice.