SAM News

SAM's 2023 Estimated Taxes Saved or Deferred Report

Posted by Gerard Michael on April 11, 2024


In 2023, the clients of Smartleaf Asset Management users saved or deferred an average 1.68% in taxes.



SAM's 2023 Estimated Taxes Saved or Deferred numbers are in! 

SAM’s account-level Estimated Taxes Saved or Deferred Report enables advisors to document for each account the value they’re adding through active tax management.

Last year, the average client of SAM users saved or deferred taxes equal to 1.68% of the value of assets that were actively tax-managed.1

The total taxes saved in 2023 was $13,615,148.36. Here are just a few things you could buy with those savings:


51,377 one-year subscriptions to Microsoft 365 Business Premium

504,254 general admission tickets to the Museum of Fine Arts, Boston

178 all-wheel drive Tesla Cybertrucks

 8,008,910 glazed donuts from Dunkin'


SAM's parent company, Smartleaf, Inc., conducted a study in cooperation with Altium Wealth Management, a user, like SAM, of Smartleaf's automated tax-optimization system. The study sought to answer the question “what percentage of accounts had tax savings or deferrals greater than their fees?"

The answer: 68% of their accounts saved or deferred more in taxes than paid in fees, with that number rising to 90% on a dollar-weighted basis. Read the full case study here.


To learn more about our tax management functionality, don’t hesitate to contact us. Find more information about SAM's Estimated Taxes Saved or Deferred Report and broader tax management functionality here.


1. Actively tax-managed assets = US listed mutual funds, ETFs, ADRs and equities.

Gerard Michael
Gerard Michael

President, Co-Founder