55ip provides a tax-smart investment strategy engine that automates portfolio implementation and utilizes ActiveTax Technology to optimize after-tax returns for financial advisors. By streamlining tax management, the platform enhances efficiency and effectiveness, allowing advisors to focus on delivering better financial outcomes for their clients.
Funding
$21.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial advisors often struggle to efficiently manage the tax implications of investment decisions, leading to suboptimal after-tax returns for their clients. This challenge is exacerbated by the complexities of tax-loss harvesting, strategic withdrawals, and the need for personalized portfolio customization at scale. The manual effort required for tax-smart investing can also limit an advisor's capacity to grow their business and focus on client relationships.
Solution
55ip provides a fintech platform designed to automate and personalize tax-smart investing for financial advisors, enabling them to deliver better after-tax outcomes for their clients. The platform's ActiveTax Technology facilitates tax-smart trading, efficient tax-loss harvesting, and strategic withdrawals, optimizing investment outcomes across the life of an investment. With an intuitive SaaS platform, advisors can easily assess and choose investment options, allowing for personalized portfolio customization and scalability in real-time. 55ip also offers transition services to help advisors integrate new business and align investment products, facilitating business expansion while helping ensure optimal client outcomes.
Target Audience
The primary target audience includes financial advisors, wealth managers, and RIAs seeking to enhance their service offerings with automated, personalized tax-smart investment strategies.
Features
- ActiveTax Technology for tax-smart trading and efficient tax-loss harvesting
- Intuitive SaaS platform for personalized portfolio customization
- Automated portfolio implementation for qualified and non-qualified accounts
- Customizable and standard model portfolios from asset manager partners
- Access to Active SMAs that can be customized by sector, security, or asset class
- Direct indexing solutions with intelligent automation for systematic rebalancing
- Automated tax management UMA overlay
- Transition services for integrating new businesses and advisors