Tax implications are always top-of-mind here at Evermay. We want you to retain as much of your wealth as possible, and continually look for tax-efficient investments and strategies that will help achieve that goal.
Tax Efficient Options
Depending on your particular circumstances, these can include exchange traded funds (ETF’s), separately managed accounts (SMA’s) and tax efficient market capture (TEMC) strategies. We also recommend high-grade, tax-exempt state and local bonds to help mitigate your portfolio’s tax liability.
We are careful to review all tax lots and assess all tax implications prior to selling specific securities or executing trades. We also look to place less tax-efficient investments in tax-sheltered or tax-deferred accounts such as Individual Retirement Accounts (IRA’s) and Simplified Employee Pension (SEP) plans.
Tax Reporting
To facilitate your tax filing, we have a sophisticated reporting system that tracks and records all transactions, trades and distributions. At year’s end, we provide you with a comprehensive, tax-reporting package that details your portfolio gains, losses, income and expenses. We also compile and review your 1099’s, K-1’s, and any other relevant information, and forward those as well.
In order to provide the highest level of service, we work closely with your personal CPA throughout the year to provide guidance on any investment issues and ensure that your portfolio remains tax efficient. We also provide your CPA with copies of your complete end-of-year tax package, including all related tax forms.
By taking a proactive approach to tax management, we are better able to assist you in preserving your wealth and income.
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