The second feature for TradePMR by Robinhood’s AI engine for RIAs is now live in Fusion, bringing together investment earnings, IRA contributions, RMDs, and potential tax-planning considerations in one view for accounts held at TradePMR by Robinhood.
Advisors have always known tax efficiency matters to clients. What's been missing is a systematic way to manage it year-round.
Today, TradePMR by Robinhood is helping close that gap. Tax Insights, the newest feature in Robinhood Cortex for Advisors, is now live inside Fusion and gives RIAs that custody with TradePMR ongoing visibility into household tax information, With Tax Insights, advisors can have tax-planning considerations with clients throughout the year, and not just at the end of it.
Tax Insights follows Portfolio Digest, which rolled out to advisors in September. As with Portfolio Digest, Tax Insights is built directly into Fusion, so there's no separate application to purchase, no extra login to remember, and, currently, no additional charge for Fusion users. Pricing may change.
Why Tax Insights
Tax-aware advice is a fundamental part of the value advisors give to their clients, but the underlying information often lives across multiple data sources and workflows. That can make it hard to see a client's overall tax position at the account or household level, and it's often why so much of the work gets compressed into a year-end scramble.
Tax Insights consolidates that information in one place and surfaces relevant items for the advisor's review, supporting ongoing analysis of clients' tax positions and potentially reducing the time advisors spend gathering tax information.
"Advisors already know tax planning matters to their clients. The hard part has been seeing the full household picture without pulling it together from five different places. Tax Insights puts that in Fusion, where advisors already work, so tax conversations can happen throughout the year instead of in a rush at the end of it,” said Kate Mapstone, Robinhood’s Head of RIA Strategy.
Potential tax-planning considerations are identified by screeners and calculations running on custodial data. Generative AI is used to explain what the screeners surface, but does not determine or calculate the opportunities themselves. We leave that to our hardworking advisors to review each item and decide what is appropriate for their clients.
Tax Insights is a review tool, not an autopilot. No basket, contribution, or distribution is submitted without adviser review and confirmation.
What Tax Insights Shows You
Tax Insights starts with an AI-generated overview that provides an ongoing narrative of the account or household’s tax profile. Advisors can proactively receive clear explanations of potential tax exposure across accounts, including what has changed since their last review.
Alongside the narrative, Tax Insights brings together year-to-date investment earnings, realized gains and losses, potential tax-planning considerations such as asset location, gain deferral, and tax-loss harvesting, and estimated IRA contribution and RMD information, all in one view for the advisor’s review.
What Tax Insights Is Not
Tax Insights is for advisor use only and isn't client-facing. It also is not tax, legal, accounting, financial, or investment advice, or a recommendation to buy, sell, or hold any security. It reflects only accounts held at TradePMR, doesn't account for assets held elsewhere or for state and local taxes, and its figures are estimates that may differ from Form 1099-B and other official tax documents.Advisors remain responsible for determining whether any action is appropriate for each client.
“We built Tax Insights to help advisors see what needs a closer look, not to make the decision for them,” said Mapstone. “The screeners do the math on custodial data, AI explains what they found in plain language, and the advisor reviews every item and decides what to do. That's the right division of labor."
And because we know data privacy and security are top-of-mind for advisors, you can review additional information and disclosures on the Robinhood Cortex for Advisors: Security & Trust page.
What's Next for Robinhood Cortex for Advisors
We're continuing to build out our roadmap of AI capabilities for advisors, with Meeting Prep planned to come soon!*
About TradePMR
For more than two decades, TradePMR by Robinhood has worked with growth-minded independent registered investment advisors (RIAs) to provide innovative technology tools and support designed to transform their businesses. The brokerage and custodian services provider (Member SIPC) based in Clearwater, Florida, works to streamline investment advisors' operations through comprehensive custodial, operational, and trading support. For more information, visit www.TradePMR.com.
TradePMR is a wholly owned subsidiary of Robinhood Markets, Inc.
Follow TradePMR on X, Facebook, YouTube, and LinkedIn for the latest news, updates, and event information.
*Timing and availability of additional features in Robinhood Cortex for Advisors not guaranteed.
Tax Insights is part of Robinhood Cortex for Advisors and is made available to investment advisers by Trade-PMR, Inc. ("TradePMR by Robinhood"), Member SIPC, under license from Robinhood Markets, Inc. Tax Insights is for informational purposes only. It is not tax, legal, accounting, financial, or investment advice or a recommendation to buy, sell, or hold any security. It uses screeners and calculations to identify information and generative AI to explain it; AI-generated text may contain errors or omissions. It reflects only accounts held at TradePMR, and its figures are estimates that may differ from Form 1099-B and other official tax documents. Tax-loss harvesting requires an assigned strategy or model, and Tax Insights may not detect all wash sales. Advisers are solely responsible for determining whether any action is appropriate. Availability, features, and pricing may change. [Full disclosure: https://www.tradepmr.com/security-trust-robinhood-cortex-for-advisors]
