Introduction
For many advisors, the hardest portfolio decisions sit between a client’s accounts, not inside them. Which holdings belong in the taxable account, which in the IRA, and which in the Roth? When a model changes, how do you update every account that holds it? And when a client asks about crypto, how do you add it without managing a separate account?
This month’s updates address all three. Check out what’s new on Vise:
Put each holding where it's taxed least
Asset Location means holding each investment in the account where it’s taxed least. Taxable accounts, IRAs and Roths each tax income and growth differently, so the same investment can cost a client more or less in tax depending on where it sits. Most portfolios hold the same mix in every account because it’s simpler, and clients pay for that in taxes every year.
Asset Location is now live on Vise. It places each holding in the account where it’s taxed least, across a client’s taxable, tax-deferred and tax-exempt accounts, without changing the overall allocation or risk.
Asset Location and tax management in one engine: the Location Engine decides where each holding belongs, then the Vise Optimizer turns that into tax-aware trades that respect the capital gains budgets and locked positions you’ve already set.
Your firm’s philosophy, or ours: start with Vise Recommended rankings, or set your firm’s own in a Location Ranking Template.
Location Alpha: estimates what better placement is worth for each household, in dollars and basis points, using the client’s own tax brackets.
You stay in control: every proposal is yours to review and approve before anything trades.
Better placement can help save clients up to 60 basis points a year in taxes.¹
Keep every portfolio current without rebuilding it
You can now edit a custom sleeve’s holdings and allocations after it’s built.
Edit sleeves in place: change a sleeve’s holdings and allocations, and the allocation templates that use it move to the new version automatically.
You choose the accounts: Vise prompts you to move executed portfolios onto the updated sleeve, and you pick which accounts move.
Vise and custom sleeves side by side: Vise’s pre-built sleeves now sit next to the ones you’ve built, and templates flag tax-status or custodian conflicts before you build a portfolio on them.
Find it in Strategy Center.
Manage crypto as part of the whole portfolio
When clients ask about crypto, it often ends up as a separate holding that sits outside the plan. Vise now offers three model portfolios from Bitwise, managed in a Digital Assets asset class alongside the rest of the portfolio: sized to the client’s risk, monitored, and brought back to target when it drifts.
Total Crypto Market: spot crypto exposure plus companies building the crypto economy.
Crypto Asset: spot crypto exposure only, led by bitcoin and ether.
Crypto Equities: companies in the crypto economy, through equity ETFs only.
That's what's new this month
Three ways to manage the whole household as one plan: put each holding where it’s taxed least, keep every account in step when your models change, and manage crypto as part of the whole portfolio. Subscribe below to get next month’s updates as soon as they’re live.
Sources
¹Vanguard, "Celebrating Vanguard Advisor's Alpha: Clients and their advisors thriving together for 25 years," Advisor's Alpha Perspectives, 2025 (Kinniry, Jaconetti, DiJoseph, Walker, Quinn).

