Communicating Tax Scenarios to Clients
So how do you let clients know about proposed legislation and how it might affect them specifically?
Andrew Altfest, president of Altfest Personal Wealth Advisors is planning on using FP ALPHA, the AI driven wealth management tool he created, to assist clients.
“The impossible is now possible.”, he says. I created this tool for this exact type of scenario. One major benefit the tool provides advisors it that it uses AI to hyper personalize advice based on a client’s tax situation.
“Every client files a tax return,” he added. “Few are getting strategic tax planning. It’s a major differentiator for us in the way we communicate these type of changes to our clients. It increases engagement and the clients we have worked with using the tool are amazed at the extra level of detail we provide.”