SEI Survey

Changes to Tax Laws Impact Portfolio Recommendations of Financial Advisors

OAKS, PA--(Marketwired - Apr 15, 2014) - Recent changes to the tax laws have financial advisors looking to revise their recommendations for portfolio implementation to better manage the impact of taxes, according to a survey released today by SEI (NASDAQ: SEIC). The survey revealed that nearly 9 in 10 advisors polled (88 percent) said that, in light of new tax laws, they are considering making changes to their portfolio strategies in order to reduce the overall effect of taxes. The survey, of more than 250 financial advisors, comes at a time when taxes are top of mind for advisors and their clients.

"Tax management has always been a focus for most advisors, but with recent changes to the tax laws they have more opportunities to show their expertise and add value to each client's individual situation," said Dean Mioli, Director of Investment Planning for the SEI Advisor Network. "Clients are becoming a lot more aware of the impact taxes can have, and advisors are being forced to regularly re-evaluate their portfolio implementation and identify new ways to better manage the tax implications for every client."

The survey results also revealed that the new tax laws are forcing financial advisors to review all portfolios, including their own, for opportunities to implement new tax management techniques. The overwhelming majority of financial advisors polled (93 percent) said they will review their own tax returns to identify tax savings ideas. Similarly, nearly as many (90 percent) said they plan to review the returns of clients and prospects at their next review meeting to identify opportunities to implement new tax saving strategies.

The survey was administered by SEI during its recent Tax Management Strategies for 2014 Webinar as part of the company's ongoing monthly practice management webinar series by the SEI Advisor Network. The webinar was held to help advisors understand the latest tax changes and provide them with planning ideas to help minimize the impact of increased taxes on their clients.

To learn more about SEI's tax-managed solutions, please visit www.seic.com/advisors.

SIMC does not represent in any manner that the tax consequences described as part of its tax-management techniques and strategies will be achieved or that any of SIMC's tax-management techniques, or any of its products and/or services, will result in any particular tax consequence. The tax consequences of the tax-management techniques, including those intended to harvest tax losses, and other strategies that SIMC may pursue are complex and uncertain and may be challenged by the IRS. Neither SIMC nor its affiliates provide tax advice.