LifeYield Releases the Practice Optimizer
Boston, MA, June 1, 2011 – LifeYield, LLC, a leader in tax-smart household management software that can increase returns and income by 5-33% according to independent research by Ernst & Young, today announced that it has released its LifeYield Practice Optimizer, which shows financial advisors the additional assets under management (AUM) and fee revenue they can generate by using LifeYield's software suite.
During a client's accumulation and retirement periods, LifeYield's software suggests tax-smart trades across a client's taxable and tax advantaged accounts, which generates more asset growth and income for clients. Advisors report this means greater AUM and fee revenue. LifeYield developed the LifeYield Practice Optimizer to show financial advisors the significant impact reducing taxes for clients can positively impact their profitability.
"LifeYield is dedicated to helping advisors gather more assets by delivering better returns to their clients," said Mark Hoffman, CEO and Co-founder of LifeYield. "And even without increasing their current business, improved returns through tax-smart management means increased AUM and fee revenue for advisors. We built the LifeYield Practice Optimizer to show advisors the real-time benefits they can enjoy by managing client assets in a tax efficient way."
The LifeYield Practice Optimizer allows a financial advisor to enter basic information about his/her practice, such as current AUM, basis point fees, and see how much LifeYield's tax-smart software can increase their fee revenue over five, 10, and 15 years. It is available to anyone at: www.lifeyield.com/practice-optimizer.
LifeYield's software suite includes LifeYield ROI™ and LifeYield Illustrator™. LifeYield ROI suggests the most tax efficient sequence to grow and withdraw assets across multiple taxable and tax-advantaged accounts. LifeYield Illustrator allows advisors to demonstrate the benefits investors can enjoy by consolidating assets with an advisor using LifeYield ROI.
About LifeYield, LLC
LifeYield builds software solutions for advisors to increase investment returns and income distributions. Founded by financial technology industry veterans, the company's mission is to provide financial advisors, including trust officers, brokers and wealth managers, with leading edge solutions for generating an enhanced and sustainable outcome during the accumulation and de-cumulation phases of an investor's lifetime. For more information, please visit: www.lifeyield.com.
LifeYield's Tax-Smart Software
Helps financial advisors simplify and maximize clients' retirement income.
What People Are Saying
"Our studies show top advisors spend 1-3 hours completing a comprehensive cash harvest; advisors observed the LifeYield ROI™ tool will do it within seconds and ensures consistency of process and outcome."
Warren Cormier, President, Boston Research Group and Co-Founder, Behavioral Finance Forum