In a period of high market volatility like now, many mutual funds can be capital gains time bombs for investors including those buy-and-hold types who do just as their advisors recommend and sit tight while everyone else is fleeing the market.
As a result, according to Bill White, president and chief operating officer of ReFlow Services, a San Francisco-based redemption-in-kind liquidity service serving the mutual fund industry, it is critical that financial advisors carefully examine how tax efficient the mutual funds that they recommend to clients really are.
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