Investment management firm drives tax operational efficiency with KPMG Tax Managed Services

Delivering a comprehensive and cost-effective experience through a unified approach

CLIENT
Global Investment Management Firm

INDUSTRY
Asset Management

PRIMARY GOAL
Streamline and scale tax operations while reducing cost and improving consistency across a growing, complex business

KEY SOLUTION / TECHNOLOGY
KPMG Tax Managed Services

Substantial cost savings

through consolidation into a single provider

Faster execution

across the deal-to-reporting lifecycle

Improved

data accuracy and transparency

Stronger

talent pipeline with retained knowledge and expanded career paths

Make tax operations efficient

A global investment management firm specializing in asset-based private markets faced significant tax operational challenges as its business evolved, and it launched new products and executed large-scale transactions. The company needed to scale seamlessly while optimizing costs and efficiency. KPMG Tax Managed Services worked with the firm to provide comprehensive tax-related services, offering a unified approach that enabled the firm to scale its tax capabilities in line while continuing to provide a high-quality investor experience.

Moving from multiple providers to maximum value

As the firm’s business expanded, relying on multiple tax providers, including other Big 4 firms, became increasingly inefficient. While its existing provider handled deal support and tax compliance, the services fell short of meeting the firm’s broader tax operational needs.

Over several years, KPMG built strong relationships with the firm’s operations and tax leaders and delivered tax services for new fund products. Eventually, KPMG took over roughly 25 percent of the firm’s tax work. Yet as the firm continued to evolve, it became clear that using multiple tax providers would limit the firm’s ability to meet its tax obligations efficiently and provide a consistent investor experience.

KPMG demonstrated its vision for a managed services model to consolidate the firm’s tax operations, showcasing its ability to deliver higher-quality services, enterprise-wide cost savings, and seamless integration. The firm’s leadership, including its COO, CFO, and Head of Tax, was quickly impressed by KPMG’s comprehensive tax capabilities, robust tech-enabled process, and existing mutual trust with the in-house team. They soon selected KPMG as the firm’s single tax managed services partner.

Joining KPMG has been a positive career move for me and my team. We've had opportunities for growth and advancement—including a team member who was recently promoted. The support and resources available have made a real difference, and the alliance has been a win-win for everyone involved

Former Head of Tax at Client, Current Partner with KPMG

Transitioning to a new tax model

KPMG conducted a thorough assessment of the firm’s existing tax operations, identifying key areas for improvement and delivering actionable recommendations. As part of its solution, KPMG introduced a tax compliance platform that streamlined workflows, enhanced reporting accuracy, and provided real-time data access. This platform improved operational efficiency, increased transparency, and reduced compliance risks.

The transition to the KPMG Tax Managed Services model was carefully managed to ensure a seamless and risk-calibrated process. KPMG provided a dedicated team of tax professionals to manage ongoing compliance and advisory services and facilitated the rebadging of the firm’s tax team. This approach ensured a smooth transition while preserving institutional knowledge and business continuity empowering the firm with a more agile, efficient, and future-ready tax function.

Accomplishing more at lower cost

This transformation created a more efficient, scalable tax function, including:

Optimizing the tax function: The firm cut costs by consolidating tax services with KPMG, integrated deal activity into reporting, and improved speed and efficiency. With KPMG’s guidance, it can now address tax implications for new products and structures earlier.
Enhancing employee experience: Transitioning the tax team to KPMG expanded career paths and growth opportunities. Rebadged employees benefit from broader roles, while a stronger bench supports those stepping into leadership.
Governance for long-term success: A structured governance model, featuring regular leadership check-ins, monthly operating committee meetings, and triannual steering committees, ensures alignment, strengthens the partnership, and drives consistent execution.

Driving value today and tomorrow

While the transition of tax services to KPMG under the client-KPMG alliance brought the immediate benefit of increased efficiency and effectiveness, it also supports the firm’s future stability and evolution.

As a trusted partner,, KPMG has helped the firm scale efficiently, reduce costs, and enhance its compliance and investor experience. As the relationship continues to evolve, KPMG leverages the firm’s data to drive more proactive solutions that support the firm’s position in an increasingly complex industry.

Disclaimer: References to "partner," "partnership," or "alliance" in this document are intended to describe a collaborative working relationship and do not imply a legal partnership, joint venture, or strategic alliance agreement between the parties.

If you’re asking questions like these, talk with the team that helped this investment management firm find answers:

Are multiple providers slowing down your tax function?
How connected are your deal, compliance, and reporting processes?
Where are inefficiencies limiting your ability to scale?
What would change if your tax function operated as one?

Christopher Yeaton

Partner, Tax Managed Services Practice Leader, KPMG US

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Christopher Yeaton

Partner, Tax Managed Services Practice Leader, KPMG US

Read bio

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