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2020 Taxes Saved Report

Our 2020 Taxes Saved numbers are in!

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Smartleaf’s account-level Taxes Saved Report enables advisors to document the value the advisor is adding through tax management for each of their clients. Last year, Smartleaf users saved their clients an average of 2.44% of assets that were actively tax-managed. This is more than most advisors charge in fees. 

In 2019, Smartleaf users saved their clients an average of 1.77% of portfolio value. The increase in taxes saved in 2020 was due to our clients actively loss harvesting accounts during the March crisis (see Crisis Case Study: The Power of Rebalancing Automation).

The total taxes saved in 2020 was $286,167,143. Here are a few things you could buy with the savings:

 

20,455,121 Netflix subscriptions 

573,481 Playstation 5 consoles

190,905 Peloton Bikes

11,455 $25,000 Grand Velas Tacos 

5 Elon Musk Bel-Air Estates (and have $100m left over)

 


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