At a glance
- TaxStatus says the tools draw on IRS records to replace client questionnaires, aggregator logins and scanned PDFs.
- Discovery runs more than 160 checks across 11 categories for every authorized client, according to the company, with client-level lists for each finding.
- The tools let firm leaders calculate wallet share by household and account and assign named opportunity lists to relationship owners, TaxStatus chief executive Kevin Knull said.
TaxStatus launched Discovery and Client Connector, two IRS-sourced tools for advisory firms, WealthManagement.com reported.
TaxStatus says the tools draw on IRS records to replace client questionnaires, aggregator logins and scanned PDFs. Client Connector is built on the Model Context Protocol and lets AI assistants including Claude, ChatGPT and Microsoft Copilot query data on one client or a whole book where firms have enabled the connection. As Private Wealth Daily previously reported, TaxStatus says firms control which tools receive client IRS data.
Discovery runs more than 160 checks across 11 categories for every authorized client, according to the company, with client-level lists for each finding.
The tools let firm leaders calculate wallet share by household and account and assign named opportunity lists to relationship owners, TaxStatus chief executive Kevin Knull said.
TaxStatus said its analysis of 447 products on the Kitces AdvisorTech Map found it can populate 72% of the client financial fields those products use.
Reported by the RIA desk from WealthManagement.com. Published . Corrections