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2023 Taxes Saved or Deferred Report

In 2023, the clients of Smartleaf users saved or deferred an average 1.94% in taxes.



Our 2023 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 1.94% of the value of assets that were actively tax-managed.1

That’s more than most advisors charge in fees. 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 2023 was $363,550,856.44. Here are just a few things you could buy with those savings:

1,211,836 Taylor Swift Era's Tour Tickets

10,387,167 Stanley Drinking Cups

519 Days of Hosting and Operating ChatGPT for All Users

 18,177,542 Variety Packs of Marshmallow Peeps


To learn more about our tax management functionality, don’t hesitate to contact us. Learn more about Smartleaf's Estimated Taxes Saved or Deferred Report and broader tax management functionality here


1 Actively tax-managed assets = US listed mutual funds, ETFs, ADRs and equities.

President, Co-Founder