Tax Overlay Campaign

For more information, go to investpmc.com Envestnet | PMC Tax Overlay Services: Additional Tax Solutions The information, analysis, and opinions expressed herein are for general information only. Nothing contained in this document is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Investing carries certain risks and there is no assurance that investing in accordance with the portfolios mentioned will provide positive performance over any period of time. Investors could lose money if they invest in accordance with the portfolios discussed herein. Past performance is not indicative of future results. Investors should consult with an investment advisor to determine the appropriate investment vehicle. Investment decisions should always be made based on the investor´s specific financial needs and objectives, goals, time horizon, and risk tolerance. The statements contained herein are based upon the opinions of Envestnet | PMC® and third party sources. Information obtained from third party sources 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. Advisors should always conduct their own research and due diligence on investment products and the product managers prior to offering or making a recommendation to a client. 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. 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. FOR ONE-ON-ONE USE WITH A CLIENT'S FINANCIAL ADVISOR ONLY. ©2023 Envestnet, Inc. All rights reserved. PMC_FS_ADTAX_0523 / SR #1199983 To learn more about Tax Overlay Services, email PMCConsulting@envestnet.com or visit our web site at investpmc.com. Portfolio Diversification Solution Solution for Restrictive Tax Budgets The Portfolio Diversification Solution is designed to provide advisors and their clients a tax-efficient means of transitioning current holdings into the Target Model over a specified time horizon (Diversification Horizon). To develop an optimized strategy to increase diversification while remaining tax sensitive, PMC combines the client's specified short- and long-term capital gains information and desired Target Model (contained in the Statement of Investment Selection document) with the Diversification Horizon. Within the Portfolio Diversification Solution, PMC allows for a Diversification Horizon of up to seven years, thereby ensuring that the client is invested in the Target Model over a reasonable period that generally will include a complete market cycle. The TE of the initial positions relative to the Target Model will be higher at the beginning of the Diversification Horizon, which declines over time as proceeds from capital gains taken are invested to bring the account increasingly more in line with the Target Model. Note that to be eligible for the Portfolio Diversification Solution, the client's account must be either a Quantitative Portfolios Tax Managed SMA product, or a UMA with at least 35% allocated to Quantitative Portfolios SMA product sleeves. The managed product sleeves in the account's allocation must be Envestnet PMC's Quantitative Portfolio products only, as these products are more suitable for situations where a client's restrictive tax budgets result in higher Tracking Error. Mutual Fund, ETF, and Bond Sleeves are eligible for inclusion in the allocation, but must be fully funded with cash (or model holdings) at inception. Fund Strategist Portfolio sleeves are not eligible for inclusion in the account. For More Information █████████████████ Ì2000014YN0Î

• Cover