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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access