Tax season is crucial for financial advisors and their clients. And in 2023, it's also a time of big changes and new opportunities.
Thankfully, wealthtech is here to fill in the gaps and help advisors navigate the burgeoning landscape of tax-related services.
This week, eMoney Advisor launched new tax planning capabilities, including a tool that gives planners the ability to show their clients the impact Roth conversions and other tax strategies have on their financial plans in real time.
The software developer is also rolling out a series of improvements to support the impact of SECURE 2.0, the big retirement package signed into law last December. Changes to rules for required minimum distributions and retirement account contributions changes are at the fore of the company's services, but eMoney leaders say more is coming between now and April.
Also new this week, Charles Schwab's executive leaders recently spent more than four hours breaking down the year that was 2022 and what they have on tap for 2023. But much of the conversation was dominated by fresh new details on the TD Ameritrade merger that has been in the works for three years.
And Orion Advisor Services, deepening its support of the Foundation for Financial Planning, is throwing cash and tech behind the nonprofit in pursuit of its goal to have 10,000 advisors provide pro bono planning to families in need.
Check out all of these stories and more at Financial Planning.
Anything else on your mind? Drop me a line at justin.mack@arizent.com. Have an awesome rest of the week!
Regards,
Justin

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