Taxes, investment strategy and diversifying low-basis stock

After more than a decade of providing investment consulting services to high-net-worth families whose portfolio assets range from $10 million to $1 billion, the staff at CTC Consulting, Inc., has come to believe that while investment policy and asset allocation decisions are extremely important to t...

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Bibliographic Details
Published inTrusts & estates Vol. 134; no. 5; p. 8
Main Author Jacob, Nancy L
Format Magazine Article
LanguageEnglish
Published New York Informa 01.05.1995
Subjects
Asset allocation
Budget deficits
Capital losses
Equity
Income taxes
Investment policy
Investments
Pension plans
Personal finance
Personal holding companies
Portfolio management
Rates of return
Statistical data
Tax increases
Tax planning
Tax rates
Tax returns
Trusts
United States > US
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Summary:After more than a decade of providing investment consulting services to high-net-worth families whose portfolio assets range from $10 million to $1 billion, the staff at CTC Consulting, Inc., has come to believe that while investment policy and asset allocation decisions are extremely important to taxable investors, implementation decisions are of very nearly equal importance. Investment managers, trust officers and consultants who serve the taxable marketplace need to be skilled in the special considerations that taxes pose for asset allocation and implementation issues such as manager selection. They should customize their advice to reflect the unique and diverse circumstances that taxable investors find themselves in, to recognize that their clients will not necessarily be well served by having all their assets managed by one firm with one approach, and that portfolio returns need to be reported before- and after-tax.
ISSN:0041-3682