At Callan Family Office, we’ve advised ultra-high-net-worth families for decades and have seen how much value can be gained through tax-aware decision-making. These families often face a level of complexity that off-the-shelf solutions weren’t built to handle. Yet many wealth managers lack the tools or infrastructure to manage taxes effectively. As a result, portfolio rebalancing often overlooks tax consequences, leading to missed opportunities and avoidable capital gains.
In a recent piece for Acclaim Magazine, a Family Wealth Report publication, Investment Partner and Chief Technology Officer Dan Burke talked about our Tax Overlay program, the program we built that enables more tax-aware portfolio management. This includes managing appreciated positions across direct indexing and active strategies, coordinating manager changes, and harvesting losses or deferring gains. While most firms stop at direct indexing or opportunistic tax-loss harvesting, we go further by integrating both active and passive strategies within the household to deliver a unified process aligned with each client’s goals.
You can read Dan’s complete thoughts here.