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Products May 10, 2018
LifeYield Partners with United Planners on Tax Efficiency Scores
Through a new strategic partnership boosting its direct-to-adviser footprint, LifeYield will make its proprietary Taxficient Score available to United Planners’ nearly 500 financial advisers.
Reported by John Manganaro
LifeYield, provider of cloud-based solutions that facilitate tax-smart investing, has announced a new strategic partnership with United Planners Financial Services, an independent broker/dealer and registered investment adviser firm.
The new partnership will bring LifeYield’s “Taxficient Score” program to United Planners’ advisers.
Billy Oliverio, senior vice president and chief marketing officer for United Planners Financial Services, says the new offering will improve advisers’ ability to help achieve significant tax savings for clients. He also suggests the Taxficient Score “will serve as a powerful business development and investor management tool for our financial advisers.”
As the firms explain, similar to a credit score, the Taxficient Score assesses the tax efficiency of an investors’ accounts on a scale of 0 to 100. The higher the score, the better-positioned the investor is to minimize taxes to keep more money, as well as achieve retirement goals. Additionally, the score “enables financial advisers to coordinate and aggregate all accounts in one place to provide a holistic view of an investor’s portfolio.”
Mark Hoffman, CEO of LifeYield, says the strategic partnership marks his firm’s ongoing commitment to grow in the direct-to-adviser channel.
More information on the Taxficient Score offering is available here.
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