--- title: "ThinkAdvisor: Covisum's advisor and quant discuss the impact of tax reform on investment portfolios" description: "Covisum's Joe Elsasser, CFP® and Ron Piccinini, PhD respond to the question, \"What is the impact of tax reform on investment portfolios\" in this recent piece from ThinkAdvisor." image: https://www.covisum.com/hubfs/think-advisor-logo-blog.jpg --- [Login](https://www.covisum.com/login-experience) | [Call: 402-235-4500](tel:1-402-235-4500) | [Contact Us](https://www.covisum.com/contact) ** [![covisum-logo](https://www.covisum.com/hs-fs/hubfs/covisum-logo.png?width=264&height=41&name=covisum-logo.png "covisum-logo")](https://www.covisum.com/) [![Start Your Free Trial](https://no-cache.hubspot.com/cta/default/2755909/b23743cd-d0df-4907-a66d-293b58ab1164.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/b23743cd-d0df-4907-a66d-293b58ab1164) [![Contact Us](https://no-cache.hubspot.com/cta/default/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532) # ThinkAdvisor: Covisum's advisor and quant discuss the impact of tax reform on investment portfolios [IN THE NEWS  |  ](https://www.covisum.com/blog/topic/in-the-news)4/23/18 5:06 PM  |  by [Lauren Laferla, Director of Communications](https://www.covisum.com/blog/author/lauren-laferla-pr-content-marketing-manager) ![Think-Advisor-Logo-Color](https://www.covisum.com/hs-fs/hubfs/Logos/Think-Advisor-Logo-Color.png?width=600&name=Think-Advisor-Logo-Color.png) In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. Check out the most recent installment, ["How New Tax Law Affects Investment Portfolios."](https://www.thinkadvisor.com/2018/04/23/how-new-tax-law-affects-investment-portfolios-the/) In this edition, we asked both Joe and Ron what kind of impact tax reform has on investment portfolios. Joe's response included: > "Rather than thinking only of the “investment” implications of change, we should be thinking on two levels—first, how does the change impact the assets that comprise the portfolio and second, how does the change impact how people should use their portfolios?"   And Ron's response included: > "This is a very tricky question! Taxes directly impact portfolios in two major ways. The first is through the direct taxation of capital gains, which reduces the power of compounding. The second is through the rate of appreciation of the stocks and bonds held in the portfolio."   See the full response from both Joe and Ron in *[ThinkAdvisor](https://www.thinkadvisor.com/2018/04/23/how-new-tax-law-affects-investment-portfolios-the/)*. ### Share this article [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fthinkadvisor-covisums-advisor-and-quant-discuss-the-impact-of-tax-reform-on-investment-portfolios%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fthinkadvisor-covisums-advisor-and-quant-discuss-the-impact-of-tax-reform-on-investment-portfolios%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fthinkadvisor-covisums-advisor-and-quant-discuss-the-impact-of-tax-reform-on-investment-portfolios%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fthinkadvisor-covisums-advisor-and-quant-discuss-the-impact-of-tax-reform-on-investment-portfolios%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=ThinkAdvisor%3A%20Covisum%27s%20advisor%20and%20quant%20discuss%20the%20impact%20of%20tax%20reform%20on%20investment%20portfolios) ## Related Blog Articles [ ### In The News Announcing Covisum's Newest Financial Planning Tool, Income InSight Read ](https://www.covisum.com/blog/announcing-covisums-newest-financial-planning-tool-income-insight) [ ### Tax Optimizing Retirement: Navigating Tax Efficiency with Covisum's EMR Methodology Read ](https://www.covisum.com/blog/optimizing-retirement-navigating-tax-efficiency-with-covisums-emr-methodology) [ ### Retirement Income Planning Maximizing Retirement Income with Covisum's Financial Planning Suite Read ](https://www.covisum.com/blog/maximizing-retirement-income-with-covisums-integrated-suite-of-financial-planning-products) [See All Articles](https://www.covisum.com/blog) ## Covisum’s ecosystem of solutions can help you grow. [Sign Up Free](https://idp.socialsecuritytiming.com/register) ## Stay Connected Access industry news, expert insights, best practices, free downloads and more. [![Logo-White-Stacked](https://www.covisum.com/hs-fs/hubfs/Logo-White-Stacked.png?width=124&height=146&name=Logo-White-Stacked.png "Logo-White-Stacked")](https://covisum.com) 444 Regency Parkway Dr. Suite 201 Omaha, NE 68114 - - - - Read Reviews of Our Solutions In: [![Footer Capterra Logo](https://www.covisum.com/hubfs/Capterra_logo%20(1).svg) ](https://www.capterra.com/p/203728/Tax-Clarity/reviews/)[![Footer G2 Logo](https://www.covisum.com/hubfs/logo-g2.png) ](https://www.g2.com/search?utf8=%E2%9C%93&query=covisum) [![Contact Us](https://no-cache.hubspot.com/cta/default/2755909/interactive-193539503962.png) ](https://www.covisum.com/hs/cta/wi/redirect?encryptedPayload=AVxigLJ1dUE0Neav8oinrhbRB0eQoCVjJpj0NXrk4qj1jiay%2FI0KT4W7FmA0ylQ3VqjETKo%2Fg%2FJ8EFxcfOEoGNWPjyIklZfUcfnwv%2B2xSDqr7u%2B0PzWq7oNSdG1nOlQenDR6oOBUhuRGDXJE2lr%2FcY4nRiiCW0xv8lHSxl3cHIVJWJLIp6c%3D&webInteractiveContentId=193539503962&portalId=2755909) [![SOC 2 T2 Logo](https://no-cache.hubspot.com/cta/default/2755909/interactive-193539503801.png) ](https://www.covisum.com/hs/cta/wi/redirect?encryptedPayload=AVxigLIK88d%2Fm5dovSZ1hqNMqJppmK%2Bp%2Fn6vHXLwfYsXzCVuWGFDv%2F9aZw4cuTtm2VfabJ%2BYNldXdj1Uq0HEy9gEQ517D6PnrDD%2Br7u4ZNmEPBtsi5bZKrMFMp7kqhjyCKGwIcxDKy8i8kVv5l0APGnwG%2BanUD%2B3HvrPdxF%2Bc6MISb%2FUbaOH3wCi1%2FfCucOdNfYCRjIf6dQh&webInteractiveContentId=193539503801&portalId=2755909) © 2010 – 2026 Covisum®. All Rights Reserved. For advisor use only. Covisum is not connected with, affiliated with or endorsed by the United States government or the Social Security Administration. The local advisor offering Covisum products may be an insurance agent, financial advisor, accountant or attorney. Advisors may offer other products or services and are compensated by commissions and/or fees for any other services they may provide. [Terms and Conditions](https://www.covisum.com/terms-of-use) | [Privacy Policy](https://www.covisum.com/privacy-policy) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Lauren Laferla, Director of Communications", "url" : "https://www.covisum.com/blog/author/lauren-laferla-pr-content-marketing-manager" }, "dateModified" : "2019-05-10T02:26:43.993Z", "datePublished" : "2018-04-23T22:06:44.000Z", "headline" : "ThinkAdvisor: Covisum's advisor and quant discuss the impact of tax reform on investment portfolios", "image" : [ "https://www.covisum.com/hubfs/think-advisor-logo-blog.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.covisum.com/blog/thinkadvisor-covisums-advisor-and-quant-discuss-the-impact-of-tax-reform-on-investment-portfolios", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.covisum.com/hubfs/Covisum-Logo-Grey.png" }, "name" : "Covisum LLC" } } ```