Austin Weichbrodt, Market Leader for Private Wealth, and Spencer Williams, Direct Indexing Specialist for Nuveen, joined Julie Cooling, Founder and CEO of RIA Channel, at the GTE Wealth Forum to discuss how long/short direct indexing can help clients diversify concentrated positions without triggering significant tax consequences.
As the private markets landscape evolves, Weichbrodt notes growing demand for direct indexing solutions tied to concentrated wealth positions. For clients who are looking to diversify without triggering a large tax bill, Williams points toward long/short direct indexing.
With long/short direct indexing requiring ongoing monitoring and becoming more commoditized, Williams says Nuveen’s affiliate, Brooklyn Investment Group, has played a critical role in technical innovation. Brooklyn Investment Group combines institutional-grade portfolio optimization and automated tax-loss harvesting to deliver personalized direct indexing portfolios at scale. Weichbrodt adds that the goal is to continue growing the Brooklyn platform, including potential option overlays and adding alternative investments to hold inside the account.
Nuveen is a global investment leader with $1.4 trillion in public and private assets under management. The firm specializes across income and alternatives, investing in the growth of businesses, real estate, infrastructure, and natural capital.
WEBCAST – Leveraging long/short strategies to maximize tax optimization potential
High-net-worth clients often face complex wealth events that create meaningful tax challenges, from business sales to concentrated stock positions. In these moments, traditional methods may not be enough to meaningfully improve after tax outcomes.
Learn how forward-thinking advisors are incorporating tax-advantaged/long short strategies, providing them additional opportunities to harvest losses, improve tax efficiency and stay aligned with long-term investment objectives.
Key takeaways:
- Increase measurable after-tax value to affluent clients
- Navigate complex wealth events with greater flexibility
- Differentiate your practice through sophisticated solutions
Join us to discover how advanced tax optimization is helping advisors position their practice as a destination for affluent investors seeking smarter, more intentional wealth planning.
Accepted for 1 CFP / IWI / CFA CE credit
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