Clients with one big egg in their basket are exposed to that particular issue, and if the position is highly appreciated, trimming by an outright sale can generate a steep tax bill.
“We are regularly approached by prospective clients, as well as their tax advisors and attorneys, to help reduce exposure to a concentrated stock position,” says Stephen M. Stabile, senior vice president of wealth management, at The Hirsch Stabile Group of Merrill Lynch in New York.
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