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Adviser growth taxes H&R Block.(Brief Article)

By Arndorfer, James B.
Publication: Investment News
Date: Monday, August 23 1999

Red quarter won't reschedule its planning goal

H&R Block's effort to build a financial planning practice will drag down earnings for the rest of its fiscal year, but the company isn't daunted.

In fact, the Kansas City, Mo., tax preparer -- which seems to buy an accountant or advisory practice every time it turns around -- likely will continue on its buyout binge.

"We are going to make the acquisitions that we feel are necessary to fill voids" in offering financial planning services, says OzzieWenich, chief financial officer. "The pace of acquisiti

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