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Altruist Unveils TaxIQ for RIAs to Maximize After-Tax Returns
Slice of Finance Team
28 Jun
Key Highlights:
Launch of TaxIQ: A new suite of tax management tools for RIAs.
Automated Tax Savings: Advisors can automate tax-saving strategies with ease.
Comprehensive Platform: TaxIQ is integrated with Altruist's platform for account management, trading, and more.
Tax Loss Harvesting Trial: Free trial available until September 2024.
Source (Business Wire)
Notable Quote
“Advisors have long been searching for tax-sensitive investing capabilities that don’t require complex, manual processes. Coupled with other capabilities at Altruist, like Direct Indexing and fractional shares, independent firms now have a robust set of tax-optimizing tools to help deliver exceptional client outcomes at a much greater scale.”
Our Take:
The launch of Altruist's TaxIQ is a significant development for RIAs seeking to enhance their clients' after-tax returns. By automating sophisticated tax strategies, such as tax loss harvesting and gains deferrals, TaxIQ addresses a long-standing challenge in the industry—making tax management accessible and scalable. This innovation not only streamlines processes but also empowers advisors to deliver superior client outcomes without the burden of manual intervention. The integration with Altruist's comprehensive platform further solidifies its position as a modern custodian offering end-to-end solutions for independent advisors. With the added benefit of a free trial for tax loss harvesting until September 2024, RIAs have a compelling opportunity to explore and adopt these advanced tools to improve portfolio efficiency and client satisfaction.