Tax technology platform april said Tuesday it has launched a new integrated tax platform built specifically for high-integrity wealth management and advisory firms.
The New York City-based company says the first-of-its-kind platform gives financial advisors a real-time view into client tax workflows, documents, and insights while enabling a more efficient filing process—turning tax planning and filing into a consistent source of growth opportunities across the firm.
“Wealth management firms are looking for ways to deliver high-quality tax analysis without building or scaling a tax practice from scratch,” Ben Borodach, co-founder and CEO of april, said in a statement. “By making our AI-driven tax engine available to wealth management firms, we are giving advisors a way to offer high-touch tax services while maintaining a clear line of sight into every calculation and surfacing new planning conversations from that work.”
“Taxes shouldn’t sit in a separate, opaque workflow,” added Raj Doshi, april’s president and chief operating officer. “Our platform is built so financial advisors, tax professionals, and clients can all work from the same source of truth—documents, deadlines, payments, and insights, inside an environment designed for wealth management firms.”
The new offering is built to provide advisor visibility and practice management capabilities year-round, alongside tax preparation during filing season.
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Key features include:
- Advisor visibility: An integrated dashboard gives advisors real-time transparency, document visibility, and post-preparation financial insights to drive additional value for its clients.
- Tax planning: Tools for advisors and tax professionals to run precise tax simulations for key financial events, such as equity compensation, purchases or sales of concentrated stock positions, Roth conversions, and estimated payments.
- Practice management for tax filing: Tools for tax professionals, advisory teams, and administrative staff to assign, manage, monitor, and execute tax preparation across the firm, helping practices run more efficient tax operations at scale.
The integrated tax platform is built atop april’s nationwide tax coverage and AI-powered tax engine. It was originally created to help financial advisors stay in the loop while offering clients a fully managed, hands-off tax filing experience in which april’s U.S.-based credentialed tax professionals prepare and file the return.
“Already used to prepare filings on behalf of millions of taxpayers, and backed by an NPS (net promoter score) of 78, april’s tax engine has enabled its tax professionals to reduce preparation time by approximately 50%—through features like dynamic auto-fill and AI that extracts and prefills data from uploaded documents,” the company said in a Feb. 24 media release. “Building on this momentum, april is now enabling wealth management firms with in-house tax teams to leverage the same filing engine to realize similar efficiency gains.”
More information about april can be found here.
Photo credit: April via LinkedIn
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