Curated News
By: NewsRamp Editorial Staff
November 05, 2025

Silver Oak Partners with TaxStatus for IRS-Verified Financial Data Access

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Original Source

TLDR

  • Silver Oak Securities partners with TaxStatus to give advisors a competitive edge by accessing verified IRS data for comprehensive client financial insights.
  • TaxStatus connects directly to the IRS, analyzes over 3,000 data points per taxpayer, and provides continuous monitoring through a 60-second e-signature process.
  • This partnership enables advisors to deliver better financial outcomes by building plans on verified data rather than estimates, improving client financial security.
  • The platform uncovers hidden assets and monitors tax accounts in real-time, alerting advisors to audits before clients receive official IRS notices.

Impact - Why it Matters

This partnership fundamentally transforms financial advisory services by providing verified, comprehensive financial data directly from the IRS, eliminating the traditional barriers of incomplete or estimated financial information. For investors, this means more accurate financial planning, better investment recommendations, and proactive identification of tax issues before they become problems. The real-time monitoring capability allows advisors to spot potential financial risks or opportunities months before traditional methods would reveal them, potentially saving clients significant money and preventing costly financial mistakes. In an era where financial complexity continues to increase, this technology represents a crucial step toward more transparent, data-driven financial advice that benefits both advisors and their clients.

Summary

Silver Oak Securities, Inc., a prominent independent broker-dealer and SEC-registered investment advisor, has forged a strategic partnership with TaxStatus to revolutionize how financial advisors access client financial information. This collaboration provides Silver Oak's network of independent financial advisors with direct access to IRS-verified financial data through a streamlined 60-second client e-signature process, eliminating the traditional cumbersome back-and-forth of collecting tax returns and financial documents. The integration allows advisors to access ten years of historical financial data, 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 typically require hours of manual collection.

The platform offers continuous monitoring capabilities, tracking clients' IRS accounts in real-time for three years and 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, emphasized that this partnership addresses "one of the most time-consuming challenges advisors face" and provides a "significant competitive advantage" in both prospecting conversations and ongoing client service initiatives. Kevin Knull, CEO of TaxStatus, highlighted that financial plans are "only as strong as the data they're built on," ensuring recommendations are grounded in verified financial data rather than estimates.

The partnership delivers 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 while supporting total household management for spouses, dependents, estates, trusts, businesses, and investments. Silver Oak advisors can access TaxStatus through preferred enterprise pricing billed directly through Silver Oak Securities, with additional information available at joinsilveroaksecurities.com and www.taxstatus.com for those seeking to learn more about this transformative financial technology integration.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, Silver Oak Partners with TaxStatus for IRS-Verified Financial Data Access

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