Across wealth management, RIAs, and broker-custodians, firms are under increasing pressure to showcase value beyond portfolio performance. Today’s clients expect advisors to manage not only investments, but outcomes. And that includes money lost to avoidable taxes, fees, and overlooked class action recovery opportunities.
We’re seeing a clear shift, recovery is no longer viewed as a series of isolated, event specific tasks, but as a broader operational task focused on identifying, tracking, and recovering value rightfully owed by investors.
Through TaxTec and Chicago Clearing’s work with shared clients, we’ve seen how class action recovery and withholding tax reclaims are increasingly addressed together, because they ae same, but because they solve a similar problem for the same stakeholders.
Across conversations with wealth managers, RIAs, custodians, and platforms, the same priorities surface to establish a consistent policy regarding tax reclaims and class actions:
- Maximize post-tax and class action outcomes without increasing internal operational burden
- Achieve end-to-end visibility across recovery lifecycles
- Ensure recovery services sit alongside, not within, core custody, execution, and reporting infrastructure
- Add seamless value to clients
Class action recovery and withholding tax reclaims share similar operational realities:
- Both are event driven and highly data intensive
- Both are dependent on accurate entitlement determination
- Both involve complex documentation and strict deadlines
- Both are extremely difficult to track end-to-end without dedicated workflows and transparency
The opportunity ahead, for advisors, tax and class action recovery is becoming part of the fiduciary conversation, another way to protect client assets.
Together, under a unified framework, we support clients by delivering measurable value without burdening internal teams or infrastructure.
Tax and class action recovery is quickly becoming a “must have” and now, with Tax Tec and Chicago Clearing, you can have both.
