The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

New York-based Canoe Intelligence has announced the launch of its newest product – Canoe Tax streamlines the management of common tax documents and eliminates the manual processes associated with collecting, categorizing, and storing documents.  

In line with Canoe Intelligence's platform, Canoe Tax extracts and delivers tax data to downstream systems, resulting in time savings and data accuracy, the firm said in a statement.

Mike Muniz, chief revenue officer of Canoe Intelligence, emphasized the significance of Canoe Tax within the broader context of Canoe’s evolution: “Canoe Tax signifies an important milestone in our journey, reaffirming our commitment to streamline our client document and data workflows, and drive operational efficiency.”

“As we continue to transform into a fully-integrated, cross-functional platform to meet evolving client needs across the front, middle, and back office, we are aligned with the industry’s call for comprehensive, accurate data. Canoe Tax exemplifies our mission to provide transparency and foster innovation, marking a pivotal step in our ongoing journey," he continued.

The launch follows the announcement of the launch of the Canoe Data Innovation Hub and plans to develop and deliver Canoe Asset Data through a design partnership with 13 clients. Canoe Intelligence has also opened a new London office as the business extends its reach into Europe. See more about the firm here and here.