SMArtX Advisory Solutions Introduces Transition Analysis Tool to Help Advisors Enhance Tax Efficiency
July 09 2024 - 9:22AM
Business Wire
The new tool represents SMArtX’s commitment to pioneering a new
era in managed account administration with advanced automation and
customization.
SMArtX Advisory Solutions (“SMArtX”), a leading innovator in
managed accounts technology, today announces the launch of its
SMArtX Transition Analysis Tool. This innovative solution empowers
financial advisors to seamlessly migrate client accounts to new
investment models while controlling tax impact, setting a new
benchmark in portfolio transition efficiency.
Transforming Advisor Workflows
The SMArtX Transition Analysis Tool is engineered to streamline
the intricate and often time-consuming process of transitioning
portfolios to new investments. By harnessing powerful automation
and customization capabilities, the tool eliminates manual
calculations and simplifies complex processes, enabling advisors to
focus on delivering superior client service and strategic business
growth.
“Our goal with the Transition Analysis Tool is to support the
modern advisor who seeks to enhance their clients’ financial
well-being while scaling their business,” said Jonathan Pincus, CEO
of SMArtX. “By leveraging automation and seamless integration, we
aim to alleviate operational burdens, allowing advisors to maximize
their talents.”
Created to reduce advisors’ workloads, enhance client
engagement, and improve client satisfaction, the new SMArtX
Transition Analysis Tool transforms traditionally burdensome
processes that have historically prevented advisors from achieving
optimal efficiency and investment excellence.
Key Features and Benefits
Intended to address growing demand for personalized investing
and tax efficiency, the SMArtX Transition Analysis Tool offers a
suite of robust features designed to help advisors to deliver
vigilant investment recommendations:
- Instant Overlap Analysis: Automatically compares
clients’ current holdings against new investment models,
identifying opportunities to leverage existing positions and reduce
unnecessary selling.
- Customizable Tax-Budget Scenarios: Allows advisors to
align and customize tax budgets with specific financial goals,
generating custom scenarios within the defined tax budget.
- Automated Tax-Aware Selling: Facilitates the automatic
liquidation of legacy positions within specified tax
parameters.
Alex Thompson, Chief Product Officer at SMArtX, remarked, “Our
mission is to equip advisors with the next-gen tools needed to
excel in investment management and better serve their clients.”
The SMArtX Transition Analysis Tool is now available on the
SMArtX platform. Advisors are invited to request a personalized
demo to explore how this innovative tool can transform their
practice.
About SMArtX Advisory Solutions
SMArtX Advisory Solutions is an award-winning managed accounts
technology provider and manages SMArtX, a turnkey asset management
platform ('TAMP'). SMArtX’s API-first, cloud-native technology
operates within a modular, microservices architecture, providing
clients with a tailored solution catered to their unique
specifications. SMArtX is available as an off-the-shelf TAMP for
advisors seeking a wider selection of investment products and ease
of use while automating the investment processes and simplifying
the everyday tasks of managing client accounts. SMArtX also
licenses its proprietary technology to enterprise firms looking to
create, customize, or upgrade their existing managed accounts
technology as a standalone or fully integrated solution. SMArtX is
the managed account technology and TAMP platform of choice for
multiple RIAs, broker-dealers, asset managers, custodians, and
fintech firms. Learn more at www.smartxadvisory.com.
SMArtX does not provide tax advice and the SMArtX portfolio tax
transition tool is not a substitute for tailored tax advisory
services. Clients are advised to seek tax advice from an
independent licensed tax professional.
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Tina Powell Intention.ly on behalf of SMArtX
SMArtX@growintentionally.com 201-212-0072