About This Episode

Tax-management strategies are crucial for clients, and they need today’s most sophisticated tools to relieve the tax burden for their clients. In this episode, my guest will dive into those strategies, such as tax-loss harvesting, and will explain how tax technology plays a significant role in driving value through smart, automated processes that find the right investment strategies for every client. We’ll also discuss why it’s important to deliver tax-loss harvesting with a purpose as well as some other hot topics affecting the advisory profession.

About Our Guest

Hiren B. Patel is head of advisor solutions at 55ip.

Hiren helps advisors learn how successful financial advisory practices and business leaders are utilizing the power of the company’s analytics and technology to drive organic and inorganic growth. He has been with 55ip since 2022, delivering data and strategy that supports advisors, practice leaders and the financial industry in general.

Hiren began his career as a financial advisor and helped launch technology products and solutions for global investment firms such as Merrill Lynch. He also worked with a Silicon Valley-based firm to help broker-dealer advisors leverage technology that focused on practice management and scalability. Hiren holds his Series 7, 66, 9, and 10 licenses. He also is a Chartered Retirement Planning Counselor (CRPC) and holds a dual masters, an MBA and a Masters in Innovation Technology from the Fox Business School at Temple University.

55ip is a technology leader providing investment models, direct indexing and separately managed account (SMA) solutions for RIA aggregators, independent advisors, broker-dealers, and everything in between. As an independent subsidiary of J.P. Morgan Asset Management, the company has $35B in AUM.

Show Notes

• 55ip – www.55-ip.com
• Tax Harvest Indicator (as of Dec. 31, 2023) - https://info.55-ip.com/hubfs/Marketing%20Library/55ip_TaxHarvestIndicatorQ42023.pdf

A message from Advisor Perspectives and VettaFi: To learn more on this and other topics, check out our full schedule of upcoming CE-approved virtual events.

^DISCLOSURE

^{55ip is the marketing name used by 55 Institutional Partners, LLC, an investment technology developer, and for investment advisory services provided by 55I, LLC, an SEC-registered investment adviser. 55ip is part of J.P. Morgan Asset Management, the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.}

^{Telephone calls and electronic communications may be monitored and/or recorded. Personal data will be collected, stored and processed by 55ip in accordance with our privacy policies at https://www.55-ip.com/email-disclaimer/.}

^{If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance.}

^{The impact of a tax-loss harvesting strategy depends upon a variety of conditions, including the actual gains and losses incurred on holdings and future tax rates. The results shown in these materials are for illustrative purposes only and do not represent actual investment decisions.}

^{The tax-loss harvesting service is available for an additional advisory fee and the results shown represent the net effect of the advisory fees but may not consider the impact of fees charged by others, including transaction costs or other brokerage fees. The information contained herein is subject to change without notice, is not complete and does not contain certain material information about the investment strategy, including additional important disclosures and risk factors associated with such investment and information about fees, trading costs and taxes.}