The service, available through Thrivents managed account program, provides an active tax overlay strategy designed to give investors improved absolute returns.
To more effectively manage capital gains tax for high-net-worth investors, we offer a tax-loss harvesting strategy that should be invaluable to clients who are averse to paying excess taxes, said Gary Tangwall, senior financial consultant with Thrivent. Clients with highly concentrated stock positions with significant capital gains in their portfolios should benefit from this new service.
The program uses quantitative tools to select optimal trades by factoring risk characteristics of each stock, tax implications of potential trade combinations, transaction costs, correlation between stocks in existing and target portfolios and the clients capital gains budgets.
The program requires a minimum of $1 million of investable (after-tax) assets.
