Optimizing After Tax Returns with Altruist: Insights from our latest webinar

In our recent webinar from November, we delved into the crucial topic of tax management, focusing on strategies to optimize after-tax returns. Led by Adam Grealish, Altruist’s Head of Investments, we explored collaborative approaches for advisors to help clients achieve better after-tax outcomes.

With a significant portion of Americans' lifetime earnings directed towards taxes, the webinar underscored how effective tax management strategies can substantially enhance after-tax investment returns. 

Watch the replay here:

Key Takeaways from the Webinar

1. Strategies for optimizing after-tax returns: Adam highlighted various approaches, including lot selection, tax-aware portfolio transitions, gains deferral, wash sale awareness, tax-loss harvesting, and asset location. These strategies can impact after-tax, take-home returns by minimizing tax liabilities. For example, when you’re selling a position, the selection of which lots can directly impact a client’s tax bill.
   
   
2. Tax-loss harvesting and asset location: These two strategies can significantly influence after-tax returns. Adam presented compelling data showing the potential benefits of tax-loss harvesting over a 20-year period
   
   
   
3. Altruist's tax management tools–Now and in the future: Adam showcased Altruist’s features like tax minimization algorithms for lot selection, tax-aware transitions with fund substitutes and security exclusions, and efficient investment options like tax-aware investment strategies and direct indexing. We also shared a live demonstration of Altruist’s platform, illustrating how advisors can use the tools to implement effective tax management strategies for their clients. This included TaxIQ, a suite of upcoming functionalities on Altruist’s platform designed to integrate tax sensitivity and automated tax loss harvesting into advisors’ portfolios.

Conclusion and future steps

The webinar wrapped up with an interactive Q&A session, where attendees had the opportunity to delve deeper into the nuances of tax management with Altruist. Adam offered a look into our immediate roadmap and reinforced our commitment to enhancing our tax management tools.

In a particularly insightful segment, Adam shared valuable feedback from a small group of advisors currently testing the Beta version of TaxIQ. This feedback is instrumental in shaping the upcoming enhancements as we approach the full rollout of TaxIQ.

As we gear up for the anticipated launch of TaxIQ in early 2024, we invite you to stay connected for the latest updates and insights. Should you have any queries or require further information, your Altruist representative is just a message away. We’re here to assist and guide you through these exciting advancements.

Tax laws and regulations are complex and subject to change, which can materially impact investment results. Altruist believes the information provided herein is accurate but does not guarantee that the information herein is accurate, complete, or timely. Altruist makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. TaxIQ tax management tools (including, but not limited to tax loss harvesting) may lead to unfavorable tax impact depending on a number of factors including customer account holdings and asset location. TaxIQ Tools (including, but not limited to tax loss harvesting) may be impacted by a number of factors including a portfolio’s rebalancer and/or fund substitute settings. See the Altruist TaxIQ Tools and Rebalancer Disclosures document on www.altruist.com/legal for more information. Registered Investment Advisers (RIAs) are solely responsible for monitoring client accounts to ensure TaxIQ tools and settings are operating as intended.  Neither Altruist nor its affiliates provide tax or legal advice or discretionary management of customer accounts. Customers are encouraged to consult their attorney, tax professional and/or investment advisor regarding their individual circumstance.

This communication has been prepared exclusively for institutional, wholesale, professional clients and qualified investors only, as defined by local laws and regulations. Altruist Corp ("Altruist") offers technology and tools designed to help financial advisors achieve better outcomes. Advisory and certain other services are provided by Altruist LLC, an SEC-registered investment adviser, and brokerage related products and services are provided by Altruist Financial LLC, a member of FINRA/SIPC. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Additionally, Altruist or its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors. Clearing and custody of securities provided by Altruist Financial LLC. © 2023 Altruist Corp 3030 S La Cienega Blvd Culver City, CA 90232.