Taxes play a crucial role in wealth management, influencing the net returns on your investments. Capital gains taxes, dividend taxes, and income taxes can significantly reduce the wealth you accumulate over time. By understanding how different investments are taxed, you can structure your portfolio in a tax-efficient way. Tax-advantaged accounts such as IRAs and 401(k)s offer opportunities to grow wealth with deferred taxes, while tax-loss harvesting strategies can offset gains and reduce taxable income. A tax-conscious wealth management strategy can help you keep more of your returns.