In 2022, the clients of Smartleaf users saved or deferred an average 3.07% in taxes.
Our 2022 Taxes Saved numbers are in!
Smartleaf’s account-level Estimated Taxes Saved or Deferred Report enables advisors to document for each account the value they’re adding through automated tax management.
Last year, the average client of Smartleaf users saved or deferred taxes equal to 3.07% of the value of assets that were actively tax-managed.
That’s more than most advisors charge in fees. In 2022, we conducted a case study together with a Smartleaf client. We sought to answer the question “what percentage of accounts had tax savings or deferrals greater than their fees?"
The answer: 68% of their accounts saved or deferred more in taxes than paid in fees, with that number rising to 90% on a dollar-weighted basis. Learn more in the full case study here.
The total taxes saved in 2022 was $511,468,066. Here are just a few things you could buy with those savings: