Matthew Witkos, President of Eaton Vance Distributors, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the firm’s new Tax Institute educational platform.
Eaton Vance is launching the Tax Forward Investing Center. Witkos notes that, because there is so much to learn about managing the tax implications of investments, Eaton Vance is launching an educational platform where advisors can learn the range of tax management methods and solutions that are available that complement professional tax advice. This platform offers Continuing Education (CE) credits while educating advisors on topics such as tax deferral, vehicle selection, charitable giving and concentrated wealth.
While Parametric has offered direct indexing services since the early 1990s, the practice has become much more popular recently as more advisors have been educated on the topic. The education offered on direct indexing within the Tax Forward Investing Center contrasts the tax benefits of using equal-weighted vs cap-weighted indices and domestic vs international indices. The financial advisor’s goal is to help improve after-tax client returns, which may include tax-efficient trading, such as realizing capital losses. Advisors can control tax management, which is an area that can deliver better tax outcomes for their clients.
The first class takes place on Tuesday, September 30th at 11:00 am ET: Foundations of Tax Management, offering 1 CFP, IWI, and CFA Continuing Education credits. The session explores the critical role of tax management and how thoughtful, year-round tax planning can be a key differentiator for advisors to help improve clients’ after-tax outcomes.