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Choreo Tax Advantage: Redefining Tax-Aware Wealth Management

In an exciting development in the wealth management arena, Choreo, LLC has announced the launch of Choreo Tax Advantage, a groundbreaking automated solution specifically designed for financial advisors and CPAs. This tools empowers professionals to conduct daily tax impact assessments on client portfolios, leading to smarter investment strategies aimed at optimizing portfolio performance while minimizing taxable events.

The Choreo Tax Advantage solution represents a significant advancement, aiming to close the gap often found in traditional wealth management practices where tax considerations are sometimes overlooked. With an emphasis on efficiency, this innovative tool eliminates the manual processes typically associated with portfolio analysis, freeing advisors to focus more on strategic decision-making and client relationships.

Features and Benefits

1. Daily Tax Impact Assessments

Developed in collaboration with Smartleaf, a recognized provider of SaaS solutions for wealth management, Choreo Tax Advantage streamlines the assessment of daily tax implications of investment decisions. This allows financial advisors to offer enhanced tax-aware management solutions that can lead to substantial client savings.

2. Comprehensive Portfolio Management

This tool conducts in-depth analysis to support strategic gains deferral and tax-loss harvesting, essential elements that ensure clients are making the most tax-efficient decisions regarding their portfolios. It also offers automatic rebalancing with a focus on minimizing tax repercussions, adjusting investments in real-time based on market dynamics.

3. Enhanced Collaboration

Choreo Tax Advantage facilitates a more effective collaboration between financial advisors and CPAs. By clearly outlining strategies that lower tax burdens, both parties can work together seamlessly to enhance the overall financial health of their clients.

4. Customization and Automation

Customization is at the heart of Choreo Tax Advantage, allowing for tailored investment strategies that align with individual client goals and values. Automation further plays a role in reducing the time advisors spend on trade-offs and tax considerations, increasing their capability to manage multiple accounts without getting bogged down by tedious analyses.

5. Insights and Recommendations

The platform continuously reviews accounts, providing timely insights and recommendations to swiftly respond to any significant financial changes, be it local or global. This proactive approach means advisors can act quickly, capitalizing on market opportunities or protecting client assets from potential downturns.

6. Strategic Deferral and Loss Harvesting

Through strategic gains deferral and tax-loss harvesting recommendations, the platform allows advisors to suggest the best time to sell or hold positions, thus optimizing gains while offsetting taxable events. This ensures that clients’ portfolios not only grow but do so in a way that minimizes tax liabilities.

The Executive Perspective

Matthew Gotlin, Choreo’s Chief Investment Officer, emphasized the necessity of such a tool in today's complex financial landscape. “Tax planning is integral to comprehensive wealth management,” he stated. He noted that the Choreo Tax Advantage tool allows for a higher degree of efficiency among advisors and the opportunity for clients to capture tax savings through improved management strategies.

Choreo's CEO, Larry Miles, echoed this sentiment, saying, “We built Choreo Tax Advantage with the philosophy that financial planning, investment management, and tax strategy should all align seamlessly.”

With its innovative features and focus on enhancing client value, Choreo Tax Advantage aims to establish a new standard in wealth management. As Choreo continues to enhance this platform, both clients and advisors can look forward to a more tax-aware financial future, strengthening the overall advisory process in an increasingly complex economic environment.

For more information on how Choreo Tax Advantage can revolutionize your investment strategy, visit Choreo Advisors.

About Choreo, LLC

Founded over 20 years ago, Choreo is an independent firm with more than 40 locations nationwide, dedicated to redefining the role RIAs play in wealth management. With approximately $24.6 billion in assets under management as of December 2023, Choreo is committed to enhancing the financial health of its clients and their communities.

With a focus on innovation, customer care, and advanced technology, Choreo is poised to lead in the financial advisory sector, ensuring clients achieve their financial aspirations while navigating tax implications effectively.