INVESTING FOR AFTER-TAX RETURNS

BlackRock's Tax Center

Access the tools, solutions and insights to keep taxes at the forefront of your investment process. In today s market, where 95% of U.S. equity funds are experiencing negative price returns,1 learn how to take advantage of heightened volatility and uncover tax loss harvesting opportunities.
Get started with tax-aware products Get started with tax-aware products

The average tax cost for advisor portfolios is 3x the average fee

Did you know its actually the taxes that are more detrimental to overall portfolio returns, not the fees? In fact, the average annual tax cost of 1.14% is 3x higher than the average portfolio fee of 0.38%.2 Take an after-tax return lens for taxable investors to help your clients keep more of what they earn.
Three red dollar signs representing average portfolio tax cost next to one black dollar sign representing average portfolio fee

Seek to reduce tax costs today:

Lowcost icon
Opportunities to tax loss harvest
Year to date 95% of equity funds are down1—creating an opportunity to harvest losses and reinvest in tax-efficient vehicles like ETFs and SMAs through Aperio.
Find tax loss harvesting opportunities Find tax loss harvesting opportunities
Savings icon
Track mid-year capital gains distributions
We are seeing more and more mutual funds post mid-year distributions. Use Tax Evaluator to view estimated capital gain distributions across 3,500+ funds.
Monitor capital gains Monitor capital gains

BlackRock’s Tax-Smart platform

Optimizing for after-tax returns can help investors keep more of what they earn. Tap into BlackRock’s platform for keeping tax management at the forefront of your investment process.
Asset allocation
Use client’s total portfolio goals, investment objectives and tax situation, to guide how you allocate across asset classes.
Asset location
Decide which type of account each asset class should sit in. Take a total relationship view when deciding between tax-exempt, tax-deferred and taxable accounts.
Vehicle selection
Select the vehicle (ETF vs. MF vs. SMA) and strategy (high vs. low turnover) that is best suited to meet your client's goals and tax situation.
Always-on monitoring
Incorporate tactical steps year-round to help keep client tax bills low. Monitor capital gains, consider tax loss harvesting, and trade with taxes in mind.
Current Time 0:00
Loaded: 0%

You don’t have to spend hours collecting and analyzing the tax impact of capital gains on all your clients’ portfolios. Tax Evaluator aggregates and automates this process for you! With access to over 7,000 mutual funds and ETFs all in one place, you can create a detailed picture – in minutes. See which funds have reported estimated capital gains distributions before your clients incur the tax liability. You can also help your clients consider the benefits of tax loss harvesting by identifying funds with negative price returns. Additionally, compare fund characteristics and rankings to help clients make informed decisions about specific holdings. Use Tax Evaluator to track portfolios, identify potential tax savings, and help your clients keep more of what they earn. Run a tax analysis today at blackrock.com/tax.

Identify potential savings with Tax Evaluator

View capital gains estimates and identify potential tax loss harvesting opportunities to help minimize tax impacts for your clients.

Get started with Tax Evaluator Get started with Tax Evaluator

Earn CE with our Tax Foundations course

Optimizing for after-tax returns can help investors keep more of what they earn. Learn why managing taxes matters and how to adapt your investment process.
Uncover the framework and earn CE credits Uncover the framework and earn CE credits
Bulb icon
BLACKROCK RESOURCES: AFTER-TAX STRATEGIES

Explore tax-smart portfolio strategies

BlackRock is a leader in indexing and tax-managed investing strategies to help you better serve your clients.3 We provide access across:

Active & index iShares ETFs

Select iShares funds indexed to S&P Dow Jones Indices.

ETFs have paid out significantly less distributions than mutual funds, even when actively managed. Over the last 5 years, 17% of active ETFs paid out a gain compared to 76% of active mutual funds.4

Explore tax-efficient ETFs Explore tax-efficient ETFs
BlackRock SMAs

Offerings across fixed income, direct indexing, active equity, and option overlays that can provide greater flexibility and control through personalization, transparency and maximizing after-tax return potential.

Explore SMAs Explore SMAs
BlackRock municipal platform

As one of the world’s largest municipal bond managers, investors can benefit from our trading scale and credit research across mutual funds, ETFs, and SMAs.

Explore municipal funds Explore municipal funds
Tax-aware models

BlackRock’s Tax-Aware model portfolios are built with the same core investment views as our flagship Target Allocation model portfolios, but with a focus on maximizing after-tax return potential.

Explore tax-aware models Explore tax-aware models

After-tax solutions for high-net-worth clients

Tax-managed equity SMAs

Aperio Direct Indexing aims to increase after-tax returns with advanced tax loss harvesting strategies and can help facilitate in-kind transitions to help minimize disruption and unnecessary tax costs.
View tax-managed equity SMAs View tax-managed equity SMAs

Option overlay strategies

SpiderRock Advisors option overlays help manage the risk of low-basis portfolios with highly customizable approaches, including tax-neutral liquidations.
View options overlays View options overlays

Featured insights

  • Equity

    Weathering market volatility with loss harvesting

    May 08, 2025|ByLisa GoldbergMike Branch

    Explore how tax-aware investors can leverage volatility to generate financial tax benefit.

  • Equity

    Assess the tax benefits of direct indexing

    Apr 25, 2025|ByPatrick GeddesTaotao Cai

    Learn more about the tax benefits and considerations of direct indexing strategies