Issue link: https://resources.envestnet.com/i/1527485
Start with a Vehicle FSPs SMAs Direct Indexing Simplify Administration with Unified Managed Account Turnkey/least amount of personalization Greatest amount of personalization Mutual Funds and ETFs Spectrum based on personalization opportunities Overlay Determinations Determine what your appetite is for an investment vehicle, or any method by which individuals or businesses can invest and, ideally, grow their money. These can range from simple turnkey vehicles, such as mutual funds or ETFs that offer the least amount of personalization, to direct indexing, as described above, which can offer any number of personalization options. Tax Overlays As discussed, tax overlays are a strategy used in investment management to help manage the tax consequences of an investment portfolio. They involve implementing algorithmically driven tax-efficient investment strategies, such as tax-loss harvesting, to help minimize the tax burden on the portfolio. The goal of tax overlays is to optimize the after-tax return of a portfolio by taking into account the impact of taxes on investment returns. Tax Overlay Options FSP Tax Management Overlay UMA Tax Overlay A customizable solution for investors who want to control/customize the realization of unrealized gains in their portfolios, or have other unique circumstances that require an individualized strategy Diversifies concentrated portfolios in a tax-efficient manner Delivers goals and parameters defined through consultation with Envestnet | PMC Intended to add value for virtually all taxable accounts within the FSP program Helps scale across accounts and saves time Able to be funded with individual equity securities, mutual funds, or ETFs, to be sold over multiple tax years Impact Overlays Similarly, Impact Overlays help to allow investors to align their portfolio with the investor's values and impact objectives. One goal of impact overlays may be to achieve a positive social or environmental impact, in addition to the traditional financial goals of an investment portfolio. A Social Legacy Portfolio might combine direct indexing that allows the client to exclude particular industries and stocks based on personal biases or interests with private market solutions that support environmentally friendly infrastructure builds and green bonds that raise money for climate projects. © 2023 Envestnet, Inc. All rights reserved. For one-on-one use for client's Financial Advisor only. 16