HD Vest Financial Services has launched its new proprietary 1040 Analyst tool for its affiliated advisors.
This new automated tool, unique within the independent financial advisory space, enables HD Vest-affiliated Advisors to analyze and seamlessly integrate Form 1040 client tax data to generate a holistic, tax-intelligent, customized client output inclusive of potential investment considerations for each client on a highly efficient basis.
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Fully integrated with the most popular professional tax software packages, the 1040 Analyst draws upon each client’s directly uploaded tax data, and incorporates relevant information about his or her personal financial situation, goals and needs, to deliver tax-sensitive insight that enables the Advisor to introduce a detailed discussion of specific, immediately actionable investment and wealth management recommendations.
The scalable tool allows HD Vest Advisors to generate customized reports illuminating blind spots and investment planning opportunities for each client. Advisors can create multiple customized reports at a time, resulting in unprecedented efficiency for delivering personalized counsel while discerning new client opportunities.
Additionally, the 1040 Analyst enables each client to receive an updated report annually, identifying new opportunities that may arise as financial status and goals continue to evolve.
In addition to enabling the export and transfer of data from the most commonly used professional tax software programs, 1040 Analyst is completely integrated with Vest 360, HD Vest’s Advisor-facing technology platform, and provides a comprehensive review of HD Vest-approved 8 Wealth Management Issues , allowing Advisors to elect which to include in their client output report.
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