Wealth Management Tax Services (WMTS)

Full fiduciary, trust and investment management tax outsourcing services for financial institutions, trust companies and brokerage and custody operations.

Our WMTS practice is the leading provider of a full suite of fiduciary, trust and investment management tax outsourcing services to for financial institutions, trust companies and brokerage and custody operations. We have specialists in virtually all areas of fiduciary taxation such as generation skipping transfer (GSTT) tax, charitable and state tax. This means access to unmatched industry insights and perspectives that will strategically position you so you can better serve your clients.

Why PwC

We are prepared to deliver on your needs, and drive immediate value and results for your fiduciary tax function. We leverage our people and our technology to provide you a thorough tax service, including:

  • Fiduciary income tax preparation (1041)
  • Investment management/custody 1099 preparation
  • Charitable trusts and planned-giving tax (5227)
  • Foundations and exempt organizations (990PF)
  • Estate and Generation Skipping Transfer Tax (GSTT) planning
  • Estate and Death Tax compliance (706)
  • Non-resident alien tax compliance (1042S)
  • IRA (1099R)
  • Custodian tax reporting (990T)

Our fiduciary and trust tax solutions

Charitable tax services

We offer an experienced, dedicated team to provide charitable tax services. Taxation of charitable entities is a high-risk area for fiduciaries, and our clients find value in our dedicated resources in this regard. We will prepare and review your charitable returns using our dedicated team. This will help you receive high-quality deliverables and visibility into the latest industry issues and trends.

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Custodian and broker services

We have been supplying custodians with 990-T compliance solutions for over fifteen years. The taxation in this area is complex and PwC leverages their experienced team and national practices to deliver a comprehensive solution. As the tax compliance rules change within this segment, PwC can help you navigate through the process to meet your compliance obligations as custodian.

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GST specialists

PwC has deep professional generation skipping transfer knowledge embedded directly within the trust tax practice.

We can help manage this high risk area.

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Innovative technology

  1. Client portal enhances reporting and analyzes data based on current holdings and historical data
  2. Machine learning extracts, parses, and applies applicable tax rules, calculates footnotes from K-1s for fund-of-funds clients,and increases the quality of work
  3. Analytics solutions analyze “what-if” scenarios for legislative proposals
  4. Natural-language processing tools scan public filings to extract and distill information for benchmarking
  5. Web-based collaboration facilitates real-time data interaction, expedites the return process, and enables secure two-way communication

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Contact us

Joseph J. Castriano

Wealth Management Tax Services (WMTS) Leader, PwC US

Shawn P. Hanlon

Partner, Wealth Management Tax Services, PwC US

Jeff Kuhlin

Partner, Wealth Management Tax Services, PwC US

Larry McGuire

Partner, Wealth Management Tax Services, PwC US

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