Wealth management firm Axxcess announces Deron McCoy as their new Chief Wealth Officer
In a significant move towards personalized and tax-efficient wealth management, Axxcess Wealth Management has announced the launch of its Enhanced Wealth Management service. The service, which is part of a broader strategic vision, has been designed to help investors grow their wealth while keeping more of it, not just grow.
The focus of this new service will be on maximizing after-tax net worth through tax-efficient direct indexing and personalized harvesting strategies. Axxcess Wealth Management's Chief Wealth Officer, Deron T. McCoy, stated that this launch gives advisors the ability to help clients grow while minimizing taxes.
With over 20 years of experience in institutional asset management, McCoy will provide investment strategies, macroeconomic insights, and customized portfolio designs. His leadership aims to deliver personalized investing while minimizing operational complexity.
The Enhanced Wealth Management service is provided within a unified Universal Managed Account (UMA) framework. This framework offers a powerful, institutionally backed capability to add differentiated value to clients. It allows advisors to say yes to growth without sacrificing control, precision, or tax outcomes.
Axxcess Wealth Management's commitment to enhancing personalized insights for advisors is further demonstrated through the integration of traditional and modern investment approaches within the UMA framework. The service is designed to help investors do more than just grow their wealth; it is focused on helping them keep more of their wealth.
The platform is designed to empower advisors with institutionally backed capabilities. This helps advisors demonstrate differentiated value by providing clients with growth, flexibility, and control while mitigating taxes.
In addition to the Enhanced Wealth Management service, Axxcess Wealth Management is also combining direct indexing with long-short capabilities and coordinated income-offset strategies. This approach allows for more precise management of tax outcomes, enhancing after-tax returns.
The broader platform incorporates alternative investments, including private equity, private credit, and real assets, to offer diversified portfolios. This can help reduce volatility and enhance returns. Part of Axxcess's strategy involves streamlining operations for advisors, shifting from an operations-focused model to one that is customer-focused and strategic. This includes leveraging technology and outsourcing solutions to enhance efficiency.
Under McCoy's leadership, Axxcess Wealth Management is poised to deliver sophisticated wealth management solutions that balance growth, tax efficiency, and operational simplicity for high-net-worth clients and their advisors. This strategic vision and investment approach are centered around personalized and tax-efficient wealth management solutions.
The new service offered by Axxcess Wealth Management, Enhanced Wealth Management, is centered around personalized investing and wealth management, with a focus on maximizing after-tax net worth through tax-efficient direct indexing and personalized harvesting strategies. By combining direct indexing with long-short capabilities and coordinated income-offset strategies, Axxcess aims to deliver strategies that help investors not only grow their wealth, but also keep more of it.
