Launched last year, 55ip’s Tax Harvest Indicator analyzes data from exchange-traded fund and mutual fund models and reports their results each quarter, as well as for a rolling five-year period.

Also, the program provides users with insights into the specific sectors that drove activity.

The aim of this barometer is to provide advisors with insights and clarity on the value of ongoing tax loss harvesting by creating a public benchmark that can be shared with clients regularly.

55ip saw the need for an “always on” mentality that helps advisors break away from the traditional approach. (The firm is a wholly owned subsidiary of J.P. Morgan Asset Management.)