AssetMark Becomes Latest Firm to Add New Tax Planning Tools

The Daily Upside. (2025, January 08). AssetMark Becomes Latest Firm to Add New Tax Planning Tools. The Daily Upside. https://www.thedailyupside.com/advisor/wealthtech/assetmark-becomes-latest-firm-to-add-new-tax-planning-tools/

• AssetMark has launched several new features on its Adhesion wealth platform specifically designed to enhance tax-aware planning for registered investment advisors.

• The update introduces advanced direct indexing and separately managed account capabilities to help firms scale their specialized tax-efficiency services.

• According to CEO Michael Kim, the firm invested over $60 million in technology development last year to meet the rising demand for personalized investor outcomes.

• The platform now provides daily account monitoring and automated optimization to assist advisors with complex and tax-sensitive portfolio transitions.

• New reporting tools offer monthly and year-end account-level tax savings data to help advisors clearly demonstrate their value to clients.

• Internal data from 2025 shows that advisors utilizing AssetMark's tax management services generated an average annual tax savings of 1.42% for their clients.

Knote: Altruist and Orion also announced tax-optimized investing initiatives in the last few months. I am getting the impression that people don't like to pay taxes.