Choreo, a national RIA with approximately $24.6 billion in assets under management and advisement as of last year, launched its new Choreo Tax Advantage, a “first-of-its-kind automated and customizable” tech solution that allows financial advisors and the CPAs they collaborate with “to conduct daily tax impact assessment and management on client portfolios,” according to a company release. Choreo explains that this new tool, developed in conjunction with Smartleaf Asset Management, may result in “more optimal portfolio tracking and fewer taxable events,” without compromising portfolio dynamics.
“Choreo Tax Advantage is a new platform that was designed to solve a crucial gap in the marketplace,” said Matthew Gotlin, Choreo’s Chief Investment Officer and Managing Director, Wealth Management. “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 Choreo Tax Advantage also eliminates many of the manual portfolio analysis processes and provides CPAs with additional ways to reduce a client’s tax burden, the release explains, making it easier for clients “to appreciate the quantifiable, positive and noticeable impact that a tax-aware wealth management approach can deliver.”
Choreo Tax Advantage offers several core features, including after-tax performance, strategic gains deferrals and loss harvesting, and Automatic Tax-Minimizing Rebalancing, among others, which are designed to enhance the value proposition of financial advisors and CPAs on behalf of their clients.
Larry Miles, Choreo’s CEO, added, “We built Choreo Tax Advantage with the philosophy that financial planning, investment management, and tax strategy should all align seamlessly to produce optimal results for clients.”
