Tax-efficient investment software provider LifeYield has secured an undisclosed round of funding from Vestigo Ventures.
The Boston-based firm offers versions of its software directly to consumers and to financial advisors.
The software is designed to improve investor’s after-tax returns and outcomes across multiple accounts, income sources and products.
LifeYield’s software is made up of three tools that tackle tax-optimal sequences of withdrawal across multiple accounts and products, avoiding unnecessary taxes and timing when to begin social security benefits.
Vestigo Ventures managing director Ian Sheridan said, “All investors, advisors and firms are looking for ways to maximize after-tax returns and improve outcomes across all the accounts in a household.
“LifeYield is the industry pacesetter with scalable software that helps investors and advisors achieve their goals and improve results.”
LifeYield CEO Mark Hoffman said, “We are in the midst of a break-out year and Vestigo’s investment will play an important role in accelerating our delivery of software that help investors, advisors and their firms enjoy significantly improved results.”
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