Jun
12, 2019 @ 1:36 pm By InvestmentNews
The 2017 Tax Cuts
and Jobs Act that overhauled the American tax code has changed how advisers are
promoting charitable strategies to clients, a study by Fidelity Charitable has
found.
"Advisers seem
to have recognized that charitable giving has become a more prominent part of
providing holistic financial and wealth management services and are having more
philanthropic conversations with their clients," Fidelity said in a
release.
Since 2015, the
number of clients with whom advisers discuss giving has risen to 58% from 46%,
the company said.
In addition, nearly
half of advisers report that many or most of their clients adjusted their
charitable giving strategy in response to tax reform.
Specifically, 47%
of advisers said that many or most clients increased giving overall due to the
loss of other deductions.
In addition, 46% of
advisers said their clients established a donor-advised fund, and 46% said
appreciated securities were donated to maximize deductions.
Fidelity Charitable
is an independent public charity and one of the nation's largest grantmakers.
No comments:
Post a Comment