Mercer Advisors begins utilization of LifeYield’s proprietary technology to support advisors and clients with sophisticated asset-location planning
BOSTON – April 2, 2019 –LifeYield, LLC, a leading cloud-based solution that facilitates tax-smart, risk-smart management of a client’s household portfolio, today announced the beginning of a new relationship with Mercer Advisors, a rapidly growing comprehensive wealth management firm. The relationship will make LifeYield’s asset location technology available to Mercer Advisors’ 40 regional offices and centralized investment team.
“The next frontier for financial services is where investment solutions, different account registrations, advisor tools and platforms are coordinated, optimized and quantified to improve investor outcomes,” said Steve Zuschin, LifeYield’s EVP, Direct to Advisor Sales. “LifeYield’s Taxficient Score quickly turns the identification of improved client outcomes into simple actions for Wealth Management firms and advisors to benefit investors. Our software turns a daunting task for advisors into a step-by-step roadmap to increasing tax efficiency and ensuring that clients make and keep more of their money.”
LifeYield’s Taxficient Score helps advisors quantify the financial benefits of improved asset location in dollars over 10, 15, or 20 year periods. As an example, a $1 million household with a 50% bonds/50% equity allocation would realize after-tax improved results as follows: $159,000 improvement over the first 10 years; $325,000 over 15 years; and, $590,000 over 20 years.
“Mercer Advisors takes a Mayo Clinic-style approach to wealth management by bringing multiple experts together under one roof and having them work together to deliver a truly integrated standard of care,” said Donald Calcagni, Mercer Advisors’ Chief Investment Officer. “We offer family office services, such as sophisticated investment management, financial planning, tax strategy and preparation, estate planning, and corporate trustee services. Our centralized investment team supports our regional offices and advisors with risk and tax analyses to create household-level portfolio recommendations to improve client outcomes. At Mercer, we believe tax-smart asset location planning can often generate meaningful tax alpha, and LifeYield’s technology helps simplify that discussion with clients.”
About Mercer Advisors
Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services. Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc., one of the largest Registered Investment Advisors and financial planning firms in the U.S. with approximately $15 Billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has over 350 employees, and operates nationally through 40 branches offices across the country. For more information, visit www.merceradvisors.com.