Portfolio Advantage and Income Advantage enable advisors to provide up to 33% better after-tax returns and retirement income to investors, according to comparisons conducted by Ernst & Young LLP. An independent study by Morningstar found capabilities like LifeYield's can help generate more than 100 basis points per year in additional incremental returns.
Most investors own multiple accounts - brokerage, IRAs, 401(k)s - and have multiple income sources - Social Security, pension, annuities. They also own multiple products - stocks, bonds, mutual funds, ETFs, managed money. The challenge is that all these different products, accounts and income sources have different tax treatments.
Most investors are unaware that the biggest single investor expense over a lifetime is taxes - bigger than housing, healthcare, education, and food expenses ... combined. And, they don't realize taxes can be significantly reduced.
Portfolio Advantage and Income Advantage can lower this largest of expenses during accumulation and throughout retirement. Whenever a client needs to invest or withdraw cash or rebalance a portfolio, LifeYield looks across the multiple accounts in a household and suggests the tax-smart way to avoid paying any unnecessary taxes and achieve optimal results - all while maintaining the desired asset allocation.
LifeYield's brochures, customized client reports and mobile applications provide advisors with easily understandable tools to show investors the benefits of consolidating assets with the advisor using Portfolio Advantage and Income Advantage.
When done manually, this process is time-intensive and complicated typically only available to ultra-high net worth clients. With Portfolio Advantage and Income Advantage, advisors can deliver this premium service to all clients efficiently and profitably.
Helping investors achieve optimal outcomes from the multiple accounts and products they own is a critical next step in the services advisors and firms provide to their clients. LifeYield's technology makes that next step possible, practical and profitable today.
Find out more about how advisors are using LifeYield to build their business by delivering better results to investors.
It's not what you earn, but what you keep
"LifeYield provides a quantum leap in the world of retirement income planning. Most advisors are not yet aware that they need LifeYield, but they should be because this is where the ball is going."
Robert S. Keebler, CPA, MST, AEP (Distinguished), Partner, Keebler & Associates, LLP