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.
October 21, 2022
Understanding Tax Cost in Portfolio Transitions
By Vestmark Inc., Resources
October 21, 2022
By Vestmark Inc., Resources