Holistic tax management: What are advisors missing? – Envestnet – 3.17.25

Overview:
Title: Holistic tax management: What are advisors missing?
Date: Monday, March 17, 2025
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

On Demand CE
Advisors have a lot on their plates and planning for their clients’ taxes and tax loss harvesting eat up much of that time. In this session, we’ll walk advisors through some solutions they can use to go on the offensive when it comes to their clients’ taxes and incorporate truly active, holistic, tax management.

On this webcast, we’ll:

  • Dive into market cycles and where some of those tax management opportunities are found
  • Touch on a tax overlay service and how this practice-level solution is able to find and take advantage of these opportunities
  • Talk about using this service to transition non-qualified accounts in a tax efficient manner
  • Lastly, discuss how this solution differs and can even be a more thorough approach than standard direct-indexing

Accepted for 1 CFP / IWI / CFA CE Credit

Speaker:
Michael Pescatore, CIMA®, RMA® Michael Pescatore, CIMA®, RMA® Principal Director, Overlay Services Envestnet

Michael Pescatore is responsible for advisor engagement for Overlay Services at Envestnet. Mr. Pescatore manages a team of professionals who work with investment professionals supporting their practice through the use of Overlay Services. In addition to his management responsibilities, he works with financial advisors and home offices educating financial professionals of the importance of Overlay Services. Much of his time is spent working collaboratively with advisors to develop and deliver customized tax or impact strategies for their clients. Mr. Pescatore has been working with advisors for over twenty years and began his career in the financial services industry at the Equitable as a Financial Consultant. Mr. Pescatore was the National Sales Manager for Placemark Investments at the time of the acquisition by Envestnet in October of 2014. Mr. Pescatore graduated from Syracuse University with a Bachelor of Science degree in Marketing. He has obtained his CIMA® designation and holds a Certificate in Financial Planning from Merrimack College.

The services and materials described herein are provided on an ´as is´ and ´as available´ basis, with all faults. The graphical illustrations herein do not represent client information or actual investments. Nothing contained herein 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. Envestnet disclaims all warranties, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose, title, non-infringement or compatibility.

Neither Envestnet, Envestnet | PM™ 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.

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