Recent market volatility has investors paying more attention to their portfolios, with many seeking new ways to mitigate the negative impact of market downturns and salvage returns. A key aspect of these efforts involves utilizing tax mitigation services within their portfolios to improve their investing outcomes. Use of these services helps moderate the impact of capital gains taxes to reduce tax liabilities.
The Tax Cuts and Jobs Act (TCJA) provisions currently in place–which reduced the marginal tax rates for many Americans–are set to expire at the end of 2025. With income tax brackets scheduled to revert back to higher pre-TCJA levels, wealthier taxpayers may be negatively impacted unless they take action. Now is the time to consider opportunities to put new tax management services to work. Actively managing your investment portfolio with an eye toward tax mitigation is a proven strategy that, when deployed effectively, will reap rewards for years to come.
At AssetMark, Tax Management Services (TMS) enables financial advisors to deliver effective, timely and impactful tax optimization support that many clients have come to expect. TMS provides customized investment solutions, including options at lower investment minimums than are traditionally available. TMS helps manage the tax impact of transitioning assets and provides ongoing tax-loss harvesting, rebalancing and tax-efficient trading. Furthermore, it fosters deeper client conversations around tax situations, unique needs, and investment strategies.
TMS automatically generates personalized tax savings reports that give investors a comprehensive overview of their account’s tax savings. And, importantly, advisors can control which reports their clients see. TMS Tax Savings Reports are broad and specific, giving clients historical insights into their tax savings in both percentages and dollars, account statistics including short- and long-term losses, cost basis for holdings, and more.
Advisors can serve clients across their book of business, attract and transition new assets, and add value to their business. Plus, by providing proposal capabilities to help close the deal and personalized tax-saving reports, TMS supports advisors in delivering a custom, high-touch experience to clients.
Tax management has many variables, from individual tax rates to tax-optimized holdings, daily monitoring of holdings, staying up to date with tax code changes, cost-basis considerations, charitable giving, tax loss harvesting, and more. If you aim to expand your client base and provide comprehensive support during every stage of your clients' financial journies, you need a platform that offers ease of use for you and effective functionality for your clients.
The team at AssetMark is here to help you incorporate tax management services into your business and support you with any area of your business.
We’d love to chat. Contact our team to schedule a brief consultation and learn more about what we can do for you.
AssetMark is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses.
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AssetMark, Inc. ("AssetMark") is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses. The information on this website is for informational purposes only and is intended as an overview of the services offered to financial advisors, not a solicitation for investment. Information has been drawn from sources believed to be reliable, but its accuracy is not guaranteed and is subject to change.
Advisors seeking more information about AssetMark’s services should contact us; individual investors should consult with their financial advisor.
AssetMark is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of AssetMark Financial Holdings, Inc. (NYSE: AMK) of which Huatai Securities Co., Ltd. is a controlling shareholder. Visit our ownership page for more information.
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