Investipal
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Tax management add-on

Tax-loss harvesting
software for RIAs.

Investipal looks for losses in clients’ taxable Schwab and Altruist accounts each night and checks the whole household for wash sales, including a spouse’s IRA. You approve each trade and place it at the custodian.

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Tax comparison
See the tax picture.
Alongside the portfolio.
Existing portfolioProposed portfolio
Interest incomeCompare
Long-term gainsCompare
Qualified dividendsCompare
Short-term gainsCompare
Tax-exempt incomeCompare
Review the total tax impact.
Portfolio comparisonTax status ↗

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What firms run into

Where tax management slips.

Most firms harvest once in December, after many of the year’s losses have recovered.

Harvesting happens in December.

A position that was down 15% in April is back to even by the time anyone looks in December.

Wash sales hide in the spouse’s IRA.

A sale in one account and a purchase or dividend reinvestment in another can cancel the loss without anyone noticing.

Tax lots and models live in different tools.

The model says sell, and someone pulls cost basis from the custodian site to see what the sale will cost.

Inside the workflow

From nightly scan to trade file.

Investipal suggests the trades. You approve and place them.

TRANSITION TRADES
From the plan.
To the positions.
Existing portfolioTarget portfolio
Current holdingReview
Target holdingReview
Unrealized gain / lossReview
Tax impactReview
Review the transition roadmap
Position-level review
Step 01

See every harvest in one queue.

Each night Investipal ranks taxable accounts by the tax at stake. Each suggestion shows what to sell, the loss, the estimated saving and the replacement. You can also ask Alpha which clients have harvests waiting.

✳ InvestipalHousehold transition

Keep the holding.
Cover the exposure.

Tax budgetTimelineHarvesting
CLIENT HOLDSVOORetain existing holding
→
MODEL PROPOSESSPYCovered by proxy
Transition approachUse existing exposure
Illustrative mapping for a household transition
Step 02

Check wash sales across the household.

Before suggesting a sale, Investipal checks every connected account in the household, including a spouse’s IRA, other open suggestions and dividend reinvestment. If there’s a clear conflict, the sale isn’t suggested.

PORTFOLIO LOOK-THROUGH

Three funds. One shared holding.
Fund A40% of portfolio
Stock A 10% of fund
4% portfolio exposure
Fund B35% of portfolio
Stock A 20% of fund
7% portfolio exposure
Fund C25% of portfolio
Stock A 8% of fund
2% portfolio exposure
Combined exposure to Stock A13%

Held through all three funds

Example portfolio · contributions weighted by each fund’s allocation.

Step 03

Stay invested after the sale.

Replace a stock with a sector ETF from the fund family you choose, or a fund with one that tracks a different index. Direct-index accounts can spread the proceeds across stocks they already hold. After 31 days, Investipal suggests switching back.

PORTFOLIO CONSTRUCTION

Your investment approach.
Equal weightMinimum volatilityMaximum Sharpe
Factor preferencesExample settings
Quality
Value
Momentum
Growth
Advisor inputPortfolio allocation
Step 04

Build direct indexes your way.

Set up strategies against a benchmark, model or rules-based universe. Exclude sectors or tickers, and set a tracking-error budget, a maximum holding and factor tilts.

DRIFT ALERT

A change worth reviewing.

Example portfolio

Volatility drift

Outside the target range

Target rangeCurrent position
Beta In rangeDividends In rangeTime-period returns Review
Portfolio monitoringAdvisor review
Step 05

Rebalance with the tax cost in view.

Set a drift threshold for each account. Tax-aware rebalances sell losses first, then long-term high-basis lots, and show the estimated tax before you approve.

MONTE CARLO PROJECTIONS
A range of possibilities.
ContributionsWithdrawalsTime horizon
TodayPlanning horizon
Potential outcomesConceptual projection
Client goals Portfolio discussion
Step 06

Track each household’s tax year.

See realized gains, disallowed losses, carryforwards and room left in the 0% bracket. Clients see this year’s harvests in their portal, and Worth raising brings up harvests in meeting prep.

PORTFOLIO HOLDINGS

Take your holdings with you.
HoldingAsset class
VTIUS equity
BNDFixed income
VXUSInternational equity
Portfolio holdingsCSV, opens in Excel
Ready
Reviewed holdingsExport data
Step 07

Export the trade file.

Approve harvests and rebalances together, then export the trades with the lots to sell as Excel or CSV for each custodian. Investipal matches each sale from the next day’s custodian data.

In good company

In our clients’ words.

Investipal has completely transformed how we approach client onboarding and portfolio management. The AI-powered tools save us countless hours while delivering better outcomes for our clients.
Pacific Portfolio Advisors
Investipal has been a game-changer for our firm. It really had become an efficiency multiplier for our assistants and back office. It’s an indispensable tool for any advisory firm looking to thrive in today’s competitive market.
William Joseph Capital Management

Tax-loss harvesting software: what firms ask.

What is tax-loss harvesting software?

Software that finds positions sitting at a loss, suggests selling them to realize the loss and suggests a replacement so the client stays invested. In Investipal, each suggestion comes with a household wash-sale check and the specific lots to sell, and the advisor approves it.

Does Investipal place the trades?

No. You approve a suggestion and export a trade file, then place the trades at the custodian yourself.

Which accounts are included?

Taxable accounts connected through Schwab or Altruist, holding stocks, ETFs and mutual funds. IRAs and other tax-advantaged accounts are never suggested for harvesting, and trust and entity accounts are left out unless your firm includes them. Administrators can also exclude accounts, such as ones where the custodian already harvests.

Where do the tax lots come from?

Altruist sends the actual lots. Schwab doesn’t send lot-level cost basis, so Investipal rebuilds the lots from transaction history and marks them as estimated; confirm the lots at Schwab before trading. Positions whose cost basis can’t be verified are skipped rather than guessed.

Does it support direct indexing?

Yes. Your firm builds direct-index strategies against a benchmark, model or rules-based universe, assigns them to accounts and approves the tax-aware rebalances and harvests that keep each account on strategy.

How is the estimated tax benefit worked out?

Investipal works through the household’s tax year: federal brackets, the 0%, 15% and 20% capital gains tiers, the 3.8% net investment income tax, the state rate, carryforwards and the $3,000 limit on losses against income. When the profile is incomplete it falls back to flat rates. The benefit is often a deferral of tax rather than a permanent saving, and every figure is an estimate, not tax advice.

What tax tools come without the add-on?

Tax lots and cost basis overrides, tax transition planning for an account or a whole household, tax-aware withdrawal planning for US and Canadian accounts, a concentrated-position overlay model and tax views in proposals. Tax management is an add-on that Investipal turns on for your firm; pricing is available on request.