MITIGATE CAPITAL GAINS TAXES FOR YOUR CLIENTS
The single largest expense for affluent investors are capital gains taxes on their investment portfolios. As their financial advisor, the administrative burden falls upon you and your staff to both personalize and provide ongoing tax management.
Introducing Envestnet’s Tax Management Services – a tax management solution that offers both tax transition and ongoing tax management to equity separately managed accounts (SMA). These services can help provide advisors with a way to:
- Unlock frozen assets
- Prospect for new business
- Attract assets held elsewhere
TAX TRANSITION
Envestnet’s Tax Transition service provides advisors with a consultative process to help evaluate the trade-offs between investors’ desired risk-adjusted performance and the realized gains they are comfortable accepting. The service also offers assistance in understanding specific portfolio constraints such as the possible limitation on the amount of gains that can be realized.
The Tax Transition service is most suitable for accounts with large embedded gains, highly concentrated portfolios, or more unique situations where specific client circumstances dictate a custom solution.
Neither Envestnet, PMC nor its representatives render tax, accounting or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Taxpayers should always seek advice based on their own particular circumstances from an independent tax advisor.
ONGOING TAX MANAGEMENT
Envestnet’s Tax Management service is a lower cost, more automated service that can assist advisors in netting capital gains with capital losses for investors. The service can also be used to maximize losses in order to offset gains made outside of the portfolio or against future expected gains.
The Tax Management service is most suitable for investors who are funding a new account with cash, have an existing account with little or no gains, or who can accept the realization of most embedded gains immediately upon the transition of their account.
Neither Envestnet, PMC nor its representatives render tax, accounting or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Taxpayers should always seek advice based on their own particular circumstances from an independent tax advisor.
