Welcome to Inside The Advisor Portal, your monthly e-newsletter for quick tips on how to take advantage of your robust Envestnet platform.

Tip of the Month

Harvest Gains and Losses

On the Advisor Portal, you can quickly generate a service request to view a summary of the gains and losses to harvest.

Step 1: Click the Plus icon on the Service tab from your client profile next to the registration. From the dropdown, select “Harvest Gains/Losses.”

Step 2: A summary of the gains and losses for that account will display. From there, you can specify an amount and type of harvest to take.

Step 3: When ready, click on the Submit Request button to submit your service request.

For the Harvest Gain or Loss SR, please note that the Envestnet Platform will sell positions within an account based on our Maximizing Methodology (not the Accounting Methodology). If you have any questions and/or concerns, please contact your Service Team. Capital gain/loss data presented here is a general guide and should not be relied upon in the preparation of tax returns. It is strongly recommended that the Custodian data is reviewed on T+1 to ensure proper lot treatment.

Feature Spotlight

Tax Estimation Summary

The Tax Estimation Summary provides information on the current taxable activity for taxable accounts at the account and group levels over various time periods. Customize your report by using the Column Manager icon to select the columns you’d like displayed and share the summary with clients and other interested parties.

The information and analysis expressed herein is for general and educational purposes only and is not intended to constitute legal, tax, securities, or investment advice. The graphical illustrations contained herein do not represent any client information or actual investments. The information provided is based on currently available information as of the date of this writing and may be subject to change at any time without prior notice. Envestnet makes no representation that the information provided is accurate, reliable or error-free. Envestnet reserves the right to add to, change, or eliminate any of the services listed herein without notice.

The services and materials described herein are provided on an “as is” and “as available” basis, with all faults. The graphical illustrations herein do not represent client information or actual investments. Envestnet disclaims all warranties, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose, title, non-infringement or compatibility. Envestnet makes no representation or warranties that access to and use of the internet while utilizing the services as described herein will be uninterrupted or error-free, or free of viruses, unauthorized code or other harmful components. Envestnet reserves the right to add to, change, or eliminate any of the services and/or service levels listed herein without prior notice to the advisor or the advisor’s home office.

Neither Envestnet nor its representatives render tax, accounting or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. Federal, state, or local tax penalties. Taxpayers should always seek advice based on their own particular circumstances from an independent tax advisor.

FOR ADVISOR USE ONLY - NOT FOR PUBLIC USE
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