Envestnet Implementation Guides

• "Proactively" managing tax exposure while staying true to investment model • Accommodating portfolio changes while managing taxes to client specific mandates • Limiting or eliminating short term capital gains to improve client outcomes • Harvesting losses to offset gains elsewhere in a client's asset base • Checking in with your client annually to review and make any necessary changes to the tax form • Scheduling a call with the overlay specialist team as needed to check in on your client's progress throughout the year TURNING ON TAX OVERLAY If your overlay account is being funded by legacy securities, contact an Overlay Services Specialist to conduct a PATS analysis prior to turning on. BEST PRACTICES The ideal accounts for tax overlay services are taxable accounts of $500,000 or more and a significant equity allocation. Overlay is intended to help an advisor by: DURING THE PROPOSAL PROCESS ACCOUNTS ALREADY ON THE PLATFORM 1. Once you get to the "Implement" tab you will go through the "Account Setup" tab 2. In the next screen you will select your "Overlay Features" 3. Select the "Tax Overlay Service" option 4. Select "Save + Next" 5. When you generate the paperwork for the proposal an additional Tax overlay services form will also generate and need to be filled out 1. On the client profile page, go to the Service tab 2. Click on the "+" and select "Modify Goal" 3. In the left sidebar go to the "Overlay Features" tab 4. Select the "Tax Overlay Service" option 5. Select "Save + Next" 6. When you generate the paperwork for the proposal an additional Tax overlay services form will also generate and need to be filled out 6 2023 Envestnet, inc. All rights reserved. For home office and advisor use only. ██████████████████████████████████ Ì200001745?Î

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