AssetBook News

Planning for tax efficiency in client portfolios during times of volatility is essential for clients, and easily accomplished with the right tools. In today’s bear market, tax efficiency management is used to harvest losses and adjust assets in client portfolios. When clients are still reaping long-term gains, paring losses can reduce clients’ tax liabilities and validate the tax management tool’s value. After all, volatility and tax management co-exist together.

What should advisors look for in their tax efficiency management tool?

  • A house hold performance overview.
  • A house holding tax feature.
  • The tax consequences of trading and rebalancing.
  • Tax efficient portfolio creation.
  • Taxable YTD reporting.
  • Realized and unrealized gains and losses.
  • Dividends and distributions YTD.
  • Alerting for taxes from the custodian level.
  • A gains and losses and taxes reporting feature for each client and house hold.

Having the insight to make decisions at a moment’s notice to produce income, while accounting for taxes, is critical during any market condition. Even though advisors discuss tax-savings strategies with clients, using tools that alert for taxes is what additionally proves to be valuable over the course of the portfolio’s duration.

Tax efficiency tools also provide insight into distribution demands of retired clients. Portfolio creation that is both tax-efficient and goal-oriented is easily accomplished through advancing portfolio management and reporting tools.

At AssetBook, we believe that tax efficiency automation is a portfolio management ‘best practices’ that saves advisors time, and save clients’ money. We’ve created tax-management features inside our Pulse platform to help advisors get a comprehensive client portfolio tax picture to manage their unrealized and realized gains down to individual lots. Contact us to experience a demo of Pulse’s tax efficiency features.