Choreo financial advisors and the CPAs they collaborate with now have a new tool to manage daily tax impact assessments, while freeing them from a time-hungry manual process.
The firm is rolling out Choreo Tax Advantage, a new automated solution that evaluates client portfolios to ensure efficient and effective tax management with the aim of optimizing portfolios while potentially reducing tax events.
Matthew Gotlin, Choreo’s CIO & managing director, Wealth Management, says that the platform was designed to solve a crucial gap in the marketplace.
“Our team appreciates that tax planning is an integral part of comprehensive wealth management. We also know that creating strategies with close coordination between advisors and CPAs often has been a laborious and time-consuming process,” he said. “Now, with Choreo Tax Advantage, our financial professionals can maximize efficiency and effectiveness, while their clients gain the opportunity to capture tax savings in an improved manner.”
The first-of-its-kind platform has been created in association with SaaS firm Smartleaf and has been through rigorous research and development and testing via pilot programs.
As well as advisors and CPAs enjoying a high level of customization, the platform is also expected to make it easier for them to demonstrate to clients the advantage of a tax aware approach to wealth management.
Among the core features of the new platform:
“We built Choreo Tax Advantage with the philosophy that financial planning, investment management, and tax strategy should all align seamlessly to produce the optimal results for clients,” said Larry Miles, Choreo’s CEO. “With that in mind, we will continually enhance the capabilities and features of the platform in the coming months, to help our advisors, CPAs, and their clients succeed in any tax environment.”
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