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Tax Management
Tamarac is a tax aware rebalancing and trade order generation solution
Tamarac automatically identifies specific tax lots when selling for optimal tax efficient rebalancing and trading, thus reducing or eliminating the majority of time spent on rebalancing in a tax efficient manner.
Tamarac Advisor
- Restricts all short-term gains for taxable accounts
- Monitors and restricts the violation of wash sales
- Monitors and controls the year-to-date gains and losses for each account
- Notifies of short-term gains maturing into long-term gains - at any time interval
- Uses loss carry-forwards from previous years to offset gains in the current year
- Supports tax-loss harvesting
- Filters for specific securities that have losses worth taking
- Securities can be sold and swapped into a substitute security for 30 days
- Securities can be sold and the proceeds left in cash for 30 days
Best practice
Rebalance portfolios throughout the year with a tax efficient rebalancing strategy to take losses or avoid gains while controlling deviation from strategic allocation targets.
Tax Managed Core Portfolios
Tax managed core portfolios can be constructed to mimic the performance of a standard equity index while holding only a fraction of the number of securities in the index. Loss harvesting can be performed regularly to generate losses to be used to offset gains in other assets of a client's holdings, such as a hedge fund or other aggressive alpha strategy.
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