FolioDynamix has launched a new tax optimization toolset fully integrated into its FDx SingleSight unified wealth management technology platform.
This new addition brings full tax optimization to the FolioDynamix trading and rebalancing engine and provides the wealth advisory community with access to the same tools used by institutional investors. The tax optimization solution is being made available to advisors as both a technology toolset and as a turnkey managed service.
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The new tax optimization toolset, powered by MSCI Barra, complements FolioDynamix’ existing tax harvesting tools and gives advisors enhanced tax management capabilities when constructing and rebalancing portfolios.
Because the solution is a seamlessly integrated component of the FolioDynamix full lifecycle wealth management technology platform, financial advisors will be able to automatically rebalance multiple client portfolios to conform to model investment portfolios while also incorporating tax considerations.
FolioDynamix is also offering full service tax-optimized overlay management through its registered investment advisory subsidiary, FDx Advisors.
Joseph Mrak, president and CEO of FolioDynamix, said: "The tax implications of investment decisions are becoming increasingly more important, so we are excited to be able to offer an industry-leading tax optimization engine within the FolioDynamix wealth management platform. The FolioDynamix tax optimizer will provide advisors, trust officers and portfolio managers with a framework for decomposing portfolio risk. This framework, combined with the big picture account view the FolioDynamix platform delivers, will help advisors better balance the potential risk and return of a portfolio with the tax circumstances of the investor."
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