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. Now is the time to monitor capital gains tax distributions and uncover tax loss harvesting opportunities.

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%.1 Now’s the time to 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

Now’s the time to help clients save on taxes:

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Monitor capital gains distributions

Across U.S. equity funds, 76% of active mutual funds have reported capital gains over the last 5 years versus just 3% of index ETFs and 17% of active ETFs.2
See capital gains distributions See capital gains distributions
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Find opportunities to tax-loss harvest

Identify opportunities to harvest losses and reinvest in tax-efficient vehicles, like ETFs and SMAs through Aperio.
Discover tax-loss harvesting opportunities Discover tax-loss harvesting opportunities

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.

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
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.2

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

Latest tax insights

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    Maximizing Tax Savings with Muni Bonds

    Dec 04, 2025|ByDaniel Prince, CFA

    Price losses in muni bond funds present opportunities for greater tax efficiency as advisors navigate elevated yields and inflation.

  • Separately Managed Account

    What would Yale do? Implementing after-tax asset allocation

    Dec 02, 2025|ByFrances WalshPatrick Geddes

    Learn how after-tax asset allocation and Yale’s endowment model can help advisors design more tax-efficient portfolios for high-net-worth clients.

  • Separately Managed Account

    Tax-smart charitable giving strategies for year-end 2025

    Nov 07, 2025|ByLincoln Fleming, CPA/PFS, CFP

    Learn how new tax laws impact charitable giving in 2025 and how advisors can help clients give wisely while optimizing tax efficiency.