In light of recent tax law changes, advisors are looking at ways to alter their portfolio management, according to a survey by SEI released Wednesday.

Eighty-eight percent of advisors are searching for ways to minimize the impact of taxes given the recent tax law changes on both clients' portfolios and their own, says SEI, a consultant for advisors, institutions and high-net-worth families.

The overwhelming majority of financial advisors polled, 93 percent, say they will review their own tax returns to identify tax savings ideas for their clients. Similarly, 90 percent say they plan to review the returns of clients and prospects at their next review meeting to identify opportunities to implement new tax saving strategies.

The survey of 250 advisors was taken during a recent SEI webinar on tax management strategies for 2014.

“Tax management has always been a focus for most advisors, but with recent changes to the tax laws they have more opportunities to show their expertise and add value to each client’s individual situation,” says Dean Mioli, director of investment planning for the SEI Advisor Network. “Clients are becoming a lot more aware of the impact taxes can have, and advisors are being forced to regularly re-evaluate their portfolio implementation and identify new ways to better manage the tax implications for every client.”