With tax season in full swing, Putnam Investments has introduced an online resource kit to help advisors and their clients understand key provisions of the sweeping tax law changes now taking effect.
Accessible through Boston-based Putnam’s advisor website and new Wealth Management Center, the virtual “Tax Insights” resource kit includes a white paper, relevant investor education information, a client seminar and videos that give advisors tax planning ideas. Founded in 1937, Putnam Investments is a global money management firm with $123 billion in assets under management as of January.
“The legislation signed into law in December represents the most significant tax law in a decade, but its scope and complexity can be overwhelming,” said William Cass (left), senior vice president of Putnam Retail Management, in a statement. “We are providing the information advisors need to stay current and ensure that their clients are well-served in this ever-changing tax environment.”
The Wealth Management Center’s website covers topics such as the Alternative Minimum Tax and directing tax-free IRA distributions to qualified charities. A PowerPoint presentation covers estate taxes, payroll taxes and health-care taxes along with five planning strategies in light of the recent tax law.