Silver Oak Securities Partners with TaxStatus to Streamline Financial Data Access for Advisors

Silver Oak Securities, Inc. has partnered with TaxStatus to provide its network of independent financial advisors with direct access to IRS-verified financial data and continuous account monitoring. The integration eliminates the traditional back-and-forth of collecting tax returns and financial documents, allowing advisors to access ten years of historical financial data through a simple 60-second client e-signature process. TaxStatus connects directly to the IRS to pull verified financial information, analyzing over 3,000 data points per taxpayer to uncover held-away assets, business ownership, real estate holdings, retirement accounts, and other financial details that advisors typically spend hours trying to collect.

The platform then monitors clients' IRS accounts in real-time for three years, alerting advisors to tax liabilities, refunds, audits, or filing discrepancies before clients receive official notices from the IRS. Billy Hopkins, CEO of Silver Oak Securities, stated that the company is constantly evaluating best-in-breed technology that helps advisors grow organically and serve clients at the highest level. He emphasized that TaxStatus solves one of the most time-consuming challenges advisors face: getting complete, accurate financial data, giving Silver Oak advisors a significant competitive advantage in both prospecting conversations and ongoing client service initiatives.

The platform addresses a critical gap in financial planning where many clients work with multiple advisors and hold assets across various institutions, making it difficult for any single advisor to provide comprehensive guidance. TaxStatus gives advisors visibility into the full financial picture, including businesses, limited partnerships, trusts, and other complex structures that wealthy clients often use to hold assets. Kevin Knull, CEO of TaxStatus, explained that financial plans are only as strong as the data they're built on, and with TaxStatus, advisors gain access to the most accurate and timely information available, ensuring recommendations are grounded in verified financial data rather than estimates.

The partnership offers Silver Oak advisors enterprise-grade security through SOC 2 Type II compliance and AES-256 encryption, along with built-in FINRA-compliant KYC verification. Advisors can brand consent forms and insight reports with their own identity, creating a seamless client experience. The platform supports total household management, allowing advisors to monitor financial data for spouses, dependents, estates, trusts, businesses, and investments with at least 1% ownership. Advisors can access TaxStatus through preferred enterprise pricing billed directly through Silver Oak Securities. For more information about Silver Oak, visit https://joinsilveroaksecurities.com. To learn more about TaxStatus, visit https://www.taxstatus.com.