News

November 13, 2014 6:51 pm

FolioDynamix Helps Wealth Management Firms Streamline End-of-Year Tax Management across Client Portfolios

NEW YORK, NY – November 13, 2014 – FolioDynamix, a leading provider of wealth management technology and advisory services, today announced that its platform delivers the foundation wealth management firms need to effectively manage end-of-year tax considerations across client portfolios. FolioDynamix provides a full tax optimization toolset as part of its trading and rebalancing solution, giving investment advisors access to the same tools used by institutional investors. In addition, FolioDynamix is offering tax optimization as a turnkey managed service through its FDx Advisors affiliate for firms that are seeking to outsource oversight of this critical function.

With the FolioDynamix platform, financial advisors and portfolio managers are able to leverage a suite of tax-conscious trading tools that help advisors minimize tax consequences for their clients. For example, advisors can harvest losses through quick trading tools, as well as rebalance client portfolios, while preventing short-term gains or wash sale violations – all with the click of a button through an easy-to-use web interface. For ultra-tax-sensitive clients, full risk-adjusted tax optimization rebalancing tools can be leveraged, taking tax management to the next level.

“During end-of-year crunch time, advisors are busier than ever and managing the tax implications of investment decisions across multiple client portfolios can be challenging,” said Joseph Mrak, CEO of FolioDynamix. “The FolioDynamix tax optimizer provides advisors, trust officers and portfolio managers with a framework for decomposing portfolio risk and the tools they need to execute effective tax management actions in line with client objectives. The fact that advisors have access to an industry-leading tax optimization engine within the FolioDynamix wealth management platform gives them the end-to-end visibility they need to deliver better results with greater efficiency.”

About FolioDynamix

FolioDynamix offers the most comprehensive web-based wealth management technology platform for managing the full advisory lifecycle – proposal generation, research, model management, portfolio accounting, trade order management, reporting and performance analytics. The FolioDynamix wealth management platform is truly unified, eliminating silos and empowering advisors with a single platform to manage all customer accounts. FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and wealth service providers with leading-edge technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. FolioDynamix is an Actua company (Nasdaq: ACTA).