The Biden administration has announced a number of tax proposals that, if passed, would represent a major tax regime change that could have far-reaching effects on capital gains, loss harvesting, and estate planning strategies. The Aperio team of tax economists, strategists, and researchers has developed several resources to help you understand some of these potential changes.
About half of the taxable accounts Aperio manages start with legacy holdings, and a large portion of the capital gains taxes embedded in a legacy portfolio can generally be deferred by transitioning to an Aperio strategy in a tax-efficient manner. Our research shows that subsequent loss harvesting provides additional tax alpha, which tends to be higher for portfolios with fewer embedded gains at inception.
Aperio Tax-Loss Harvesting Strategies
This presentation provides an in-depth look at tax-loss harvesting (TLH), covering topics such as portfolio construction, how TLH works at Aperio, performance assessment, and how TLH can be combined with Factor Tilts and SRI/ESG strategies.
Values-Aligned Investing: SRI/ESG for Public Equities
This presentation describes Aperio’s approach to working with advisors and clients to construct custom values-aligned strategies.