Tax overlay provides a year-
round, comprehensive solution to
tax management that allows you
to no longer worry about year-
end tax loss harvesting.
Available only for UMA accounts
The UMA account must contain at least
1 managed sleeve
At least 50% of the UMA account should
be allocated to managed sleeves OR 35%
to Quantitative Portfolio sleeves
Mutual fund, ETF, and bond SMA sleeve(s)
must be fully funded at the inception of
the account
Cost basis information must be complete
for all holdings
Proposed Asset Transition Summary
(PATS) analysis must be done for
all accounts being funded by legacy
securities
Tax form must be completed
REQUIREMENTS FOR USE
5
Tax Overlay Implementation Guide
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