MyVest is proud to be among the best providers of portfolio management systems in InvestmentNews’ inaugural report.

InvestmentNews unveils the best new wealth tech and software in 2024 in their inaugural report that showcases some of the best new portfolio management systems, retirement income planning solutions, and compliance tools.

We were recognized for our leadership in tax management, key enhancements to transition planning & management, and the broad benefits our Strategic Portfolio System™ (SPS) provides  wealth management firms.

Systematic Approach to Tax Management 

MyVest SPS considers the implications of every investment decision with tax overlay, transition planning, and tax impact reporting. Our tax overlay is more than tax-loss harvesting. MyVest sets itself apart with with the following tax overlay and portfolio optimization features:

  • Proactive tax-loss harvesting
  • Smart gain deferral 
  • Security level substitutions
  • Asset location 
  • Household tax budget
  • Wash sales management
  • Tax-lot selection

Enhanced Tax-aware Portfolio Transition Planning & Management 

MyVest’s biggest innovation in the past year extended the tax-aware portfolio transition capabilities in SPS to help wealth management firms and their advisors deliver portfolio transitions more efficiently while minimizing the tax impact.

These enhancements address common challenges associated with transitioning legacy portfolios – embedded gains, concentrated positions, and strategy changes – and do so at the enterprise level, better positioning wealth management firms to consolidate retail accounts at scale. The tax-aware portfolio transition capabilities enables advisors to successfully transition clients using a major automation and integration upgrade to the upfront planning and ongoing management of tax-smart portfolio transitions.

Key benefits our SPS platform provides enterprise firms 

MyVest’s Strategic Portfolio System™ (SPS) automates the entire portfolio process from client proposals & onboarding to model-based tax-aware portfolio management, monitoring & rebalancing, and performance reporting & billing. 

  • Bridging Silos across an organization: Coordinate data and portfolio management efforts across brokerage, RIA and Trust divisions within a firm, enabling a consolidated single view into a firm’s wealth management divisions. 
  • Serving Multiple Investor Segments: Offer advisory solutions for all wealth tiers and life stages, so clients will stick with them as they grow, instead of switching platforms, advisors, or firms.
  • Enabling Team Collaboration: This role-based system allows organizations to operate on the same software and data platform.
  • Supporting Multiple Advisor Types: The configurable platform lets all advisors work the way they want – as asset gatherers and/or portfolio managers – while firms maintain centralized oversight.
  • Automating Portfolio Management: Enabling investment firms to scale the offering of advice that is holistic, tax-aware, and personalized to each investor.

About InvestmentNews’ Best New Technology and Software for Investment Management Professionals

InvestmentNews went on a search for the firms behind the Best New Technology and Software for Investment Management Professionals and selected those who introduced new technologies and software for financial advisors and firms in the past 24 months, then did a deep objective dive to find paragons of true innovation who provided genuine benefits to the industry. 

Read InvestmentNews’ announcement and the full report on their website and their digital magazine.