Issue link: https://resources.envestnet.com/i/1527484
4 Help clients keep more: Managing the impact of taxes in a personalized way Personalized solutions matter as our tax system becomes more complex In today's complex tax landscape, any tax changes are sure to have an impact on your clients and their long-term goals. While each tax situation is unique and client needs constantly change, tax considerations are integral to the wealth management process. With a trend toward even more personalization through tax management technology, you can help your clients save money while customizing portfolios in a scalable way. For many advisors, tax-loss harvesting is their best approach for helping clients minimize taxes. While it can be rewarding and help lower your client's tax bill, it's a time-consuming and manual process to keep track of capital gains and understand the impact of changes across a portfolio. For other advisors, tax-smart investing strategies include incorporating tax- efficient vehicles into client portfolios. While both approaches have their individual merits, it could be more powerful when brought together holistically in a whole portfolio perspective. When you partner with a tax management technology expert, you can leverage solutions that look at an entire portfolio in the most comprehensive way. Then, you can help deliver customized and better outcomes for each client, eliminate your manual workload and feel confident you are providing your client with results that reflect their unique situation. Today, new tax management technology solutions allow you to offer clients better outcomes (without putting the burden on your shoulders) and to better scale your practice for future growth. Tax optimization algorithms are much more available today than ever before, and with this availability, investors have come to expect a more sophisticated approach to tax management. Tax optimization technology and services can improve outcomes Optimization engines look at overall portfolio positions and do the analysis faster and more precisely than could ever be done manually. • Sophisticated optimization tools can manage hundreds to tens of thousands of portfolios. • With optimization technology, each portfolio is customized daily and in a consistent and reliable way. • Sophisticated technology analyzes the entire portfolio and shows how each investment can best work together from a tax perspective, giving you the insights you need to make better portfolio decisions for your clients. • When you have more portfolio construction options to consider, you can develop a customized plan to achieve the most optimal portfolio allocation for each client. • With an outsourced tax management service, you have more time to spend where it counts, nurturing client relationships. 2 MKTGM1123U/S-3208539-4/12