Understanding Tax Cost in Portfolio Transitions

By Vestmark Inc., Resources

VAST Understanding Tax Cost Hero

Systematic tax-loss harvesting is a key driver of the growing popularity of Direct Index SMAs for clients with taxable accounts. But many advisors may not be aware of the differences between after-tax reporting standards promulgated by the CFA Institute and the requirements of the IRS. Since a client’s ultimate tax experience may differ substantially from their original expectation, this paper outlines key things that advisors should keep in mind when discussing such projections with clients.

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By Vestmark Inc., Resources