Choreo, the wealth management firm, has launched a tool called Choreo Tax Advantage, designed to help financial advisors and certified public accountants collaborate in the management of client portfolios.
The tool, developed in partnership with Smartleaf, the technology provider, can help advisors save time by eliminating manual tax analysis processes, according to the announcement, while revealing new ways to reduce a client’s tax burden.
Among the features are strategic tax-loss harvesting and after-tax performance analysis that helps advisors preserve client portfolios’ desired risk and return characteristics — including the use of specific screening capabilities and values-based holdings. Other capabilities include a strategic gain deferral tool that assesses and recommends timing of positions.
