It’s Harvest Time: Advancing Tax-Aware Portfolio Management for Wealth Managers

HNW Practices: Most Important Client Objectives

Source: Cerulli Associates 2024 Private Wealth Management Executive Survey | Analyst Note: Participants were asked, "What are the most important investment goals/ objectives among your HNW clients?" This data reflects a firm-level perspective as the survey respondents were heads of wealth management divisions, trust departments, or leaders of independent firms (i.e., RIAs and MFOs).

For over 20 years, Linedata has partnered with leading wealth management firms to create tools and capabilities that address evolving client expectations, regulatory demands, and operational complexity. We understand the challenges wealth managers face in delivering scalable personalization while maintaining compliance and efficiency.

Such partnerships have shaped our approach to product innovation. Rather than developing features in isolation, we co-design solutions with our clients, ensuring that every enhancement directly supports the workflows and goals of modern advisors and their clients. This collaboration has helped firms integrate tax loss harvesting and tax transition management seamlessly into their investment processes.

The latest release of our Portfolio Management solution reflects our commitment to tax-aware portfolio management. Developed in close partnership with wealth management clients, the update introduces several capabilities that directly enhance pre-trade decision-making, compliance, and tax efficiency.

Key features include:

• Advanced alerting for pre-trade compliance and wash sales: Advisors receive real-time notifications to prevent wash sale violations and align trades with firm-level strategies.
• Automated taxable status verification: Each account’s taxable status is confirmed automatically, ensuring accurate trade execution and improved oversight.
• Integrated tax-awareness in portfolio modelling: Tax implications are embedded into rebalancing and workflows, allowing advisors to tailor strategies to each client’s unique tax posture. 

Together, these enhancements strengthen operational precision and improve client outcomes—hallmarks of effective wealth management technology.

As consolidation, regulation, and client expectations reshape the wealth management landscape, the ability to demonstrate proactive tax-aware portfolio management has become a competitive differentiator. Firms that can harvest losses efficiently and model after-tax outcomes are positioned to deliver measurable value and deepen client trust.

Linedata’s wealth management solutions are designed to empower advisors and firms to do exactly that—combining robust technology, operational expertise, and deep industry insight. This season, as firms focus on “harvest time,” Linedata continues to invest in solutions that help wealth managers cultivate performance, compliance, and client satisfaction all year long.

Greg Grimmett is a Global Product Manager for Linedata’s front office solutions. He has held multiple client-facing roles in addition to being a product expert during his 20 years at Linedata. Earlier, Greg was a Linedata client himself at a major bank/wealth manager.

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