Advisors can also use the tool to sets tax and gains budgets for predetermined thresholds, helping to maximize tax-loss harvesting and gains realization, while supporting tax-minimizing rebalancing at both the account and household levels.
According to Choreo, the automated assessment of trade-offs eliminates the need for manual tax considerations and adjustments.
“Our team appreciates that tax planning is an integral part of comprehensive wealth management,” Matthew Gotlin, Choreo’s chief investment officer and managing director, said in a statement. “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.”
