Changes to Tax Laws Impact Portfolio Recommendations of Financial Advisors

Identifying Tax Savings Ideas for Both Clients and Themselves

OAKS, PA–(Marketwired – Apr 25, 2014) – Recent changes to the tax laws have financial advisors looking to revise their recommendations for portfolio implementation to better manage the impact of taxes, according to a survey released today by SEI (NASDAQ: SEIC). The survey revealed that nearly 9 in 10 advisors polled (88 percent) said that, in light of new tax laws, they are considering making changes to their portfolio strategies in order to reduce the overall effect of taxes. The survey, of more than 250 financial advisors, comes at a time when taxes are top of mind for advisors and their clients.

“Tax management has always been a focus for most advisors, but with recent changes to the tax laws they have more opportunities to show their expertise and add value to each client’s individual situation,” said Dean Mioli, Director of Investment Planning for the SEI Advisor Network. “Clients are becoming a lot more aware of the impact taxes can have, and advisors are being forced to regularly re-evaluate their portfolio implementation and identify new ways to better manage the tax implications for every client.”

A whole new ball game…

The survey results also revealed that the new tax laws are forcing financial advisors to review all portfolios, including their own, for opportunities to implement new tax management techniques. The overwhelming majority of financial advisors polled (93 percent) said they will review their own tax returns to identify tax savings ideas. Similarly, nearly as many (90 percent) said they plan to review the returns of clients and prospects at their next review meeting to identify opportunities to implement new tax saving strategies.

The survey was administered by SEI during its recent Tax Management Strategies for 2014 Webinar as part of the company’s ongoing monthly practice management webinar series by the SEI Advisor Network. The webinar was held to help advisors understand the latest tax changes and provide them with planning ideas to help minimize the impact of increased taxes on their clients.

To learn more about SEI’s tax-managed solutions, please visit

SIMC does not represent in any manner that the tax consequences described as part of its tax-management techniques and strategies will be achieved or that any of SIMC’s tax-management techniques, or any of its products and/or services, will result in any particular tax consequence. The tax consequences of the tax-management techniques, including those intended to harvest tax losses, and other strategies that SIMC may pursue are complex and uncertain and may be challenged by the IRS. Neither SIMC nor its affiliates provide tax advice.

the new tax laws are forcing financial advisors to review all portfolios, including their own, for opportunities to implement new tax management techniques

Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax, penalties and/or interest which may be imposed by the IRS or any other taxing authority; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. Accordingly, Clients should confer with their personal tax advisors regarding the tax consequences of investing with SIMC and engaging in the tax-management techniques described herein (including the described tax loss harvesting strategies) based on their particular circumstances. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the Client’s personal tax returns. SIMC assumes no responsibility for the tax consequences to any Client of any transaction.



About The SEI Advisor Network
The SEI Advisor Network provides financial advisors with turnkey wealth management services through outsourced investment strategies, administration and technology platforms, and practice management programs. It is through these services that SEI helps advisors save time, grow revenues, and differentiate themselves in the market. With a history of financial strength, stability, and transparency, the SEI Advisor Network has been serving the independent financial advisor market for more than 20 years, has over 5,700 advisors who work with SEI, and $41 billion in advisors’ assets under management (as of December 31, 2013). The SEI Advisor Network is a strategic business unit of SEI. For more information, visit here.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $559 billion in mutual fund and pooled or separately managed assets, including $232 billion in assets under management and $327 billion in client assets under administration. For more information, visit here.