#United States #Chicago #Tax Services #Calamos Wealth Management #Ernst & Young LLP

Calamos Wealth Management Partners with Ernst & Young

Calamos Wealth Management (CWM) has embarked on a strategic partnership with Ernst & Young LLP (EY US), aimed at enriching the financial services they provide to clients. This collaboration is designed to expand CWM's tax service offerings, reinforcing their dedication to exceptional client service and innovative wealth management solutions.

Enhancing Client Experience

In a rapidly evolving financial landscape, comprehensive tax planning has become a vital component for both individuals and businesses. With EY US's extensive experience in tax services, clients of Calamos will now have access to expertise that encompasses income tax management, estate planning, philanthropic efforts, and succession strategies. Joe Weidenbach, Senior Vice President and Head of Calamos Wealth Management, articulated the synergy between the two companies, stating that EY’s capabilities will enhance the depth of their existing offerings in investment advice and wealth planning.

The alliance with EY is particularly relevant given the ongoing wealth transfer among generations, which brings an array of complex financial decisions that families and institutions must navigate. With the partnership, Calamos clients can expect guidance tailored to meet multigenerational financial needs, ensuring they are well-prepared to manage their wealth effectively.

The Vision Behind the Collaboration

As a top Registered Investment Advisor (RIA) firm noted by Forbes SHOOK, Calamos manages over $5 billion in client assets. The firm is leveraged by Calamos Investments, which commands a robust portfolio of alternative strategies and risk-managed investment capabilities totaling over $46 billion in assets under management. This partnership with EY further solidifies Calamos's mission to provide holistic financial solutions that resonate with the complexities of today's wealth management environment.

In light of the unpredictable global economy, this collaboration is timely. Proactive tax planning is essential as businesses and individuals strive to handle the intricacies associated with ownership, wealth management, and regulatory requirements. The partnership ensures that Calamos Wealth Management's clients are equipped with the necessary resources to navigate these challenges competently.

Access to Comprehensive Services

The prestigious tax professionals at EY US will directly support CWM advisors and their clientele. This includes facilitating the preparation of tax returns for individuals, trusts, estates, and other entities, along with guidance on tax strategies tailored to unique client circumstances. As families and businesses confront increasingly intricate financial landscapes, having robust support from seasoned tax professionals will be pivotal.

Insights from Leadership

Martin Fiore, EY Americas Vice Chair – Tax, shared insights into the value of this partnership. He emphasized that with the acceleration of wealth transfer, there is an urgent need for families and institutions to make informed financial choices.