Tax Overlay Campaign

FOR ONE ON ONE USE WITH A CLIENT'S FINANCIAL ADVISOR © 2024 Envestnet. All rights reserved. 4 Disclosure The information, analysis and opinions expressed herein are for informational purposes only and do not necessarily reflect the views of Envestnet. These views reflect the judgement of the author as of the date of writing and are subject to change at any time without notice. Nothing contained in this piece is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. All investments carry a certain risk, and there is no assurance that an investment will provide positive performance over any period of time. Investment decisions should always be made based on the investor's specific financial needs and objectives, goals, time horizon and risk tolerance. The statements herein are based upon the opinions of Envestnet and third party sources. Information obtained from third party resources are believed to be reliable but not guaranteed. All opinions and views constitute our judgments as of the date of writing and are subject to change at any time without notice. This material is not being offered to assist any person in making his or her own decisions as to which securities or asset classes to buy, sell, or when to buy or sell. Investors should note that income from investments, if any, may fluctuate and that price or value of securities and investments may increase or decrease. Accordingly, investors may lose some or all of the value of principal initially invested. Past performance is not a guarantee of future results. Neither Envestnet, Envestnet | PMC™ nor its representatives render tax, accounting or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Taxpayers should always seek advice based on their own particular circumstances from an independent tax advisor. Client must carefully determine if the use of tax overlay services is appropriate for their circumstances, risk tolerance, and investment objectives. Tax management services are limited in scope and are not designed to permanently eliminate taxes in the account. Accounts are managed by Envestnet on a discretionary basis and Envestnet may determine that selling or retaining certain securities in your account is prudent even if actual capital gains/losses and/or other tax consequences exceed any limitations or mandates that you establish. Neither Envestnet nor the Sponsor make any guarantee that tax liability will be reduced nor within any limit you request. In providing tax overlay services, Envestnet will allow Client's account to deviate from Client's selected investment strategy. Client's account may experience significant performance differences from the selected investment strategy due to Client's selection of tax overlay services. Envestnet makes no guarantee that the account's performance will be within any range of the selected investment strategy or the strategy's benchmark. If Client subsequently disables tax overlay services this may result in the recognition of significant capital gains. Mutual funds trade differently than other security types like equities or ETFs and generally have a unique taxlot accounting methodology that may be controlled by the client with their custodian. Mutual funds generally cannot be traded Versus Specific Purchase (VSP). Mutual fund companies generally discourage "frequent" trading, may impose trading restrictions, and may impose short term redemption fees. Envestnet has less control over tax consequences when selling a mutual fund and less ability to perform loss harvest trading, therefore active tax management may not be as effective for mutual funds as it might be with equities or ETFs. Envestnet attempts to accurately consider the tax consequences of mutual fund sales when determining trade recommendations, but does not guarantee a specific tax outcome nor adherence to a desired tax budget. Mutual funds may consist of different share classes. Envestnet does not perform "non-taxable exchanges" between share classes, nor monitor mutual fund share classes, nor ensure that the portfolio owns only the lowest expense ratio share class. █████████████████ Ì2000015FPÃÎ

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