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NEW YORK, NY - October 30, 2024 - YourStake, a suite of data-driven AI tools that empower a financial advisor’s portfolio management and values-based investing capabilities, has introduced Tax Transition Analysis to its marquee Advisor Core platform. This new tool enhances advisors’ ability to personalize client portfolios by providing detailed tax transition strategies, helping Registered Investment Advisors (RIAs) address the transition to a new portfolio without incurring a significant tax bill.
With the Tax Transition Analysis, advisors can now leverage Advisor Core’s robust analytics to:
- Calculate and display the immediate tax impact if a client were to sell all holdings at once.
- Provide transition options based on a client’s preferred "tax budget," enabling gradual shifts without surpassing the client’s annual tax limit.
- Visualize the transition process, showing the percentage of the portfolio transitioned, estimated time to complete, and a portfolio similarity score, all in an easily digestible format.
"The Tax Transition Analysis is a game changer for advisors looking to win new clients while helping them overcome client tax concerns during portfolio transitions," said Gabe Rissman, Co-Founder and President of YourStake. "This feature directly addresses a common challenge in attracting new clients: the fear of large capital gains taxes when moving assets. By offering personalized, client-friendly transition plans—whether through rapid or gradual portfolio adjustments—we’re giving advisors the tools to simplify complex tax scenarios and provide clear, actionable strategies."
Advisor Core’s Tax Transition Analysis fully integrates with the platform's existing capabilities, using portfolio data and cost basis information through YourStake’s advanced data extraction technology. As a comprehensive solution, Advisor Core continues to streamline the entire portfolio analysis and proposal process while expanding its value.
Rissman added: "This update represents our commitment to empowering advisors by staying ahead of industry trends. With increasing demand for tax-aware investing and personalized financial planning, Advisor Core’s newest functionality provides advisors with cutting-edge tools that truly resonate with clients. By addressing a critical gap in current tax transition planning tools, we’re helping advisors deliver tailored, tax-efficient strategies that foster trust and build lasting client relationships."
A number of firms involved in the beta test of the Tax Transition Analysis are already experiencing how, like Advisor Core’s other features, it is giving advisors and staff more time to focus on serving end-clients.
“What once took 2-4 hours of back and forth with my team at First Affirmative, along with some manual revisions and reviewing of spreadsheets - now can be done in 5 minutes using the Advisor Core tool,” said Kenneth Silva-Ballard, CSRIC, IAR, First Affirmative Financial Network.
Launched in September 2023, Advisor Core is a tool for growth-oriented advisors, allowing users to streamline proposal generation for prospective clients. Advisors traditionally review a prospective client’s current portfolio and compare it to their model portfolio during the proposal process. With Advisor Core, the advisor uploads a prospect’s brokerage statement and receives a comprehensive financial analysis, coupled with a client proposal presentation. The offering eliminates hours of work for the advisor and minimizes the risk of human error, resulting in a comprehensive and actionable analysis in a matter of minutes.
For more information about Advisor Core, or to book a demo, please visit https://yourstake.org/advisor-core/portfolio-analysis-and-proposal-generation
About YourStake
YourStake helps Financial Advisors understand their client/prospect values by utilizing a Behavioral Values Questionnaire to better understand the most important beliefs their clients have. This questionnaire paired with tangible, personalized, impact reporting helps clients invest in portfolios that better align with their values, and helps advisors demonstrate the tangible impact of values-aligned investing. Portfolio Managers benefit from YourStake's platform which provides transparent and objective raw data from over 3200 sources. Wealth managers and financial advisors use YourStake's tools to discover and engage on client values across the sustainable investment journey, from prospecting to investing, to reporting, and to explain impact reports that highlight the outcomes achieved by investments. Solutions are available for individual RIAs and for enterprises.
For more information about YourStake, visit www.YourStake.org
MEDIA CONTACT
Rocco Aloe
Gregory FCA for YourStake
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