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LifeYield Tax-Smart Household Management Suite from LifeYield

Tax-efficient asset location optimization, tax-smart withdrawal sequencing, tax-loss harvesting opportunities, and Social Security optimization to minimize taxes and maximize after-tax returns.

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Product analysis by function

Tax Planning Software for Financial Planning

Applications that help advisors identify tax-efficient investment strategies, tax-loss harvesting opportunities, and integration of investment decisions with clients' overall tax situation.
More Tax Planning Software More Financial Planning ...

Tax-Loss Harvesting
(5 Yes /5 Known /10 Possible features)

Tax-Efficient Investment Strategies
(7 Yes /7 Known /10 Possible features)

Tax Scenario Modeling & Forecasting
(3 Yes /3 Known /10 Possible features)

Integration & Data Management
(5 Yes /5 Known /10 Possible features)

Tax Compliance & Reporting
(4 Yes /4 Known /10 Possible features)

User Interface & Usability
(0 Yes /0 Known /10 Possible features)

Client Communication & Collaboration
(0 Yes /0 Known /10 Possible features)

Security & Compliance
(0 Yes /0 Known /10 Possible features)

Analytics & Reporting
(0 Yes /0 Known /10 Possible features)

Support & Training
(0 Yes /0 Known /10 Possible features)

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Automated Tax-Loss Harvesting Automatically identifies and suggests trades to realize losses for tax benefits.		Product notes and website emphasize tax-loss harvesting as a core feature.
Frequency of Harvesting How often the software scans and implements tax-loss harvesting opportunities.		No information available
Wash Sale Detection Detects potential wash sales and provides alerts or recommendations.		No information available
Harvesting Threshold Customization Advisors can set minimum loss thresholds for triggering tax-loss harvesting actions.		No information available
Cross-Account Harvesting Ability to identify tax-loss harvesting opportunities across multiple client accounts.		LifeYield is known for household-level management and optimizing across multiple accounts.
User Override of Harvesting Suggestions Allows advisors to override or approve tax-loss harvesting recommendations.		No information available
Reporting of Harvested Losses Provides detailed reports of realized losses for compliance and strategy review.		Product offers comprehensive tax-loss and household harvesting reporting as mentioned in their solution overview.
Real-Time Opportunity Alerts Notifies users immediately when new tax-loss harvesting opportunities arise.		No information available
Integration with Portfolio Management Seamlessly integrates with existing portfolio management tools and workflows.		Described as integrating seamlessly with portfolio management tools to optimize across accounts.
Tax Impact Simulation Simulates the projected tax impact of harvesting specific losses.		Website and product collateral specifically mention simulation of tax impact for recommended actions.

Asset Location Optimization Optimizes asset placement across taxable and tax-advantaged accounts.		Marketing materials cite 'asset location optimization' as a main value proposition.
Tax Drag Analysis Quantifies the annual tax impact (drag) of different portfolios.		No information available
Tax-Efficient Withdrawal Sequencing Advises on withdrawal order from different account types to minimize taxes.		Tax-efficient withdrawal sequencing is a promoted function per product notes and website.
Projection of After-Tax Returns Shows expected net returns after incorporating anticipated taxes.		Focus on after-tax return optimization implies projection of after-tax returns.
Roth Conversion Analysis Models the tax consequences of Roth IRA conversions.		No information available
Capital Gains Minimization Tools Identifies trades and strategies to minimize realized capital gains.		Product literature refers to reduction of capital gains/harvesting for minimum realized gains.
Automated Rebalancing Tax Analysis Assesses tax costs associated with portfolio rebalancing.		Product analyzes tax impact of rebalancing portfolios, optimizing for lowest tax location.
Short-term vs Long-term Gain Recognition Distinguishes and tracks gains for relevant tax treatment.		No information available
Customized Strategy Recommendations Provides tailored, client-specific tax strategy advice.		LifeYield generates actionable, tailored tax recommendations based on household-level analysis.
Multi-year Tax Projection Projects multi-year tax liabilities under proposed strategies.		Product simulates tax liability and after-tax outcomes for future years as part of its projection functionality.

What-if Scenario Analysis Allows users to test tax results under different scenarios and plan changes.		No information available
Multi-Year Tax Forecasts Provides forecasts of tax liabilities over multiple future years.		Multi-year forecasts are a documented output of tax strategy modules.
Customizable Tax Rates Supports entry and adjustment of custom federal, state, and local tax rates.		Product allows adjustment of client-specific tax rates for accurate simulations.
Estate & Gift Tax Simulation Models estate and gift tax exposure based on current and hypothetical portfolios.		No information available
Legislation Impact Modeling Analyzes tax impact of proposed or potential legislative changes.		No information available
Monte Carlo Tax Simulations Uses stochastic modeling for tax forecasting under uncertainty.		No information available
Goal-Based Forecasting Integrates tax effects into financial plan goal projections.		Tax impacts are incorporated into household-level goal-based financial planning projections.
Collaborative Scenario Sharing Enables sharing modeled tax scenarios with clients or team members.		No information available
Historical Scenario Review Allows comparison of past plan recommendations with current scenarios.		No information available
Sensitivity Analysis Assesses how sensitive outcomes are to changes in tax assumptions.		No information available

Account Aggregation Aggregates data from multiple financial accounts (brokerage, retirement, bank, etc.).		Account aggregation across client household accounts is required and explicit for product operation.
API Integration Offers programmable interfaces for connecting to other software systems.		No information available
Direct Custodian Connectivity Connects directly to custodians for real-time client data.		Direct connections to custodians and brokerages are referenced as needed to optimize household holdings tax-wise.
CRM Integration Integrates with advisor CRM systems for seamless workflow.		LifeYield offers CRM integrations as part of its advisor toolbox for seamless workflows.
File Import/Export Capabilities Supports importing and exporting of client and investment data files.		Allows for data imports/exports for account and client information.
Data Refresh Frequency How often external account or position data are refreshed.		No information available
Custom Data Mapping Allows mapping of external data fields to internal software fields.		No information available
Audit Trail of Data Changes Maintains records of data updates for compliance.		No information available
Cloud Data Storage Stores data in the cloud for remote access and backup.		Product is delivered as SaaS using secure cloud data storage per documentation.
Real-Time Syncing Data synchronizes in real time with other platform elements.		No information available

Automated Tax Form Generation Creates electronic or printable versions of required tax forms (e.g., 1099, Schedule D).		No information available
Capital Gains and Income Reporting Summarizes annual capital gains, losses, and income by account or tax lot.		Tax reporting includes summaries of gains, losses, and household tax positions.
Compliance Rule Updates Automatically updates for new federal and state tax law changes.		No information available
Error Checking & Reconciliation Provides automated checks for inconsistencies or compliance errors.		No information available
Tax Filing Export Exports data for use with tax filing software or professionals.		Export functionality to major tax and planning software is standard.
Document Retention Management Supports secure storage and retention of tax documents per regulations.		No information available
Client Tax Summary Reports Generates summary reports of client tax positions for review.		Client reports include household-level and tax summary outputs for advisor and client review.
State and Local Tax Calculations Supports compliance for all relevant state and local tax rules.		Platform includes state and local tax calculation capabilities per product literature.
Amended Returns Support Supports creation of amendments to prior-year tax returns.		No information available
Regulatory Change Alerts Notifies users of significant changes in tax law or filing requirements.		No information available

Dashboard Customization Users can configure dashboards to suit their workflow and preferences.		No information available
Mobile Access Accessible via mobile devices or dedicated mobile apps.		No information available
Guided Workflows Step-by-step walkthroughs for common tax planning processes.		No information available
Multi-language Support User interface available in multiple languages.		No information available
Accessibility Features Tools for visually impaired or other accessibility needs.		No information available
Search and Filter Functions Easily search for and filter clients, accounts, or transactions.		No information available
Customizable Reports Users can build and customize their own reports.		No information available
Bulk Edit and Batch Actions Ability to apply changes across multiple clients or portfolios at once.		No information available
Real-time Help and Guidance Integrated documentation or chat support for immediate assistance.		No information available
Client Portal Dedicated portal for clients to view their tax planning results and reports.		No information available

Secure Document Sharing Share sensitive files securely between advisor and client.		No information available
Commenting and Annotations Leave comments and notes directly on reports or scenarios.		No information available
E-signature Integration Collect required signatures within the platform.		No information available
Meeting Scheduler Built-in tools for scheduling tax review meetings.		No information available
Customizable Email Templates Create templates for standardized client communications.		No information available
Alerts & Notifications Configurable email or in-app tax deadline reminders.		No information available
Interactive Plan Visualizations Tools for interactive presentation of tax planning outcomes.		No information available
Shared To-do Lists Collaborative task lists between advisor and client		No information available
Document Upload by Clients Clients can upload documents securely to the advisor platform.		No information available
Client Feedback Mechanism Enable clients to provide feedback within the portal.		No information available

Multi-factor Authentication Requires multiple authentication methods for system access.		No information available
End-to-End Encryption Encrypts data at rest and in transit across the system.		No information available
User Access Controls Granular permissions for managing roles and privileges.		No information available
Regular Security Audits Platform is audited for security vulnerabilities on a regular basis.		No information available
SOC 2 or Similar Certifications Holds third-party security and data handling certifications.		No information available
Data Residency/Localization Support for storing data in required jurisdictions.		No information available
Data Retention Settings Customizable retention periods for sensitive client data.		No information available
Automatic Session Timeouts Automatically logs out users after inactivity.		No information available
Audit Logging Monitors access and action history for compliance purposes.		No information available
Incident Response Plan Comprehensive documented plan for responding to security incidents.		No information available

Custom Report Builder Allows users to build bespoke reports with selected fields and filters.		No information available
Scheduled Report Delivery Supports automated generation and delivery of reports on a schedule.		No information available
Benchmark Comparison Tools Compares client portfolios and tax outcomes to relevant benchmarks.		No information available
Aggregation of Analytics Across Clients View tax metrics and performance in aggregate across client base.		No information available
Export to PDF/CSV/XLS Export all reports and analytics to common file formats.		No information available
Drill-down Analysis View detailed analytics down to transaction or tax lot level.		No information available
Historic Reporting Archive Maintains an archive of past analytics and reports.		No information available
Tax-Efficiency Metrics Specific metrics measuring portfolio tax efficiency over time.		No information available
Custom KPI Dashboards Key performance indicators dashboards are configurable per user.		No information available
Visualizations & Charts Suite of charting tools for tax and portfolio analytics.		No information available

Onboarding Assistance Personalized onboarding for new users and firms.		No information available
Knowledge Base Access Comprehensive online documentation and FAQs.		No information available
Live Chat Support Immediate in-platform chat for tech and strategic support.		No information available
Phone and Email Support Multiple support channels including phone and email.		No information available
Webinars and Training Resources Regular online events and resources for training.		No information available
Dedicated Customer Success Manager Assigns a point of contact for account success and troubleshooting.		No information available
Community Forums Access to online discussion boards or peer support.		No information available
Feature Request Feedback Loop Clients can request new features and track implementation.		No information available
Context-Sensitive Help In-software help that adapts to current screen/function.		No information available
Training Certification Programs Offers formal certification for product proficiency.		No information available

LifeYield Tax-Smart Household Management Suite from LifeYield

Product analysis by function

Tax Planning Software for Financial Planning

Tax-Loss Harvesting (5 Yes /5 Known /10 Possible features)

Tax-Efficient Investment Strategies (7 Yes /7 Known /10 Possible features)

Tax Scenario Modeling & Forecasting (3 Yes /3 Known /10 Possible features)

Integration & Data Management (5 Yes /5 Known /10 Possible features)

Tax Compliance & Reporting (4 Yes /4 Known /10 Possible features)

User Interface & Usability (0 Yes /0 Known /10 Possible features)

Client Communication & Collaboration (0 Yes /0 Known /10 Possible features)

Security & Compliance (0 Yes /0 Known /10 Possible features)

Analytics & Reporting (0 Yes /0 Known /10 Possible features)

Support & Training (0 Yes /0 Known /10 Possible features)