Did You Know CWA Has New Tax and Investment Offerings?
New Services Now Available!
One reason Consilio Wealth Advisors went independent, was to access a greater variety of investment & technology solutions for our clients. With improved flexibility, we’re now able to provide our clients with greater value.
Family Billing
When CWA works with immediate family members (parents, siblings, or children), we will aggregate all households’ account values for billing purposes. Since our costs are reduced with more assets under management, this allows the entire family to participate in a discount when they work with CWA.
When working with clients on gifting and estate planning strategies, it is more efficient to have the entire family’s planning & assets with a single firm so that strategies are executed seamlessly.
Example: Parents have 1M in assets and kids have 1M. We will bill both HH’s as if they have 2M AUM, resulting in a lower overall cost for the family.
ESG
ESG (Environmental, Social, and Governance) investing is getting more focus, as investors look to align their portfolio with their personal values. This can mean investing in companies that are friendly to the environment, have diversity in their leadership, treat their employees and communities with respect - or all three.
In partnership with Ethic, CWA can customize portfolios to fit a wide range of values. Once your unique values are identified, Ethic will prepare a custom portfolio that matches companies with your values. The biggest benefit to using Ethic is you can see what kind of impact your portfolio has on the environment, society, or corporate ethics.
Tax-Advantaged Direct Indexing
Direct indexing allows investors to have index-like exposure, while increasing tax loss harvesting opportunities. With the advent of fractional & commission-free trading, investors can now buy 300+ individual stocks to mirror an index, for a relatively low investment minimum.
Historically, markets through index funds, mutual funds, and ETFs gave investors instant diversification. These pools of funds allowed for ownership of hundreds of companies in one investment. Direct indexing breaks those funds down to individual stocks, and collectively they aim to mirror an index. By holding 300+ individual stocks (rather than 3-5 index funds/ETFs) investors have dramatically more positions to harvest losses from, thus increasing the tax benefits of their portfolio.
Previously, index investors would need the entire index fund/ETF to go down before a tax loss harvesting opportunity occurred. Now parts of the basket can be replaced one by one, taking advantage of the underlying movements of each individual stock.
In partnership with Goldman Sachs, our clients can seamlessly manage a large pool of single names. Goldman Sachs helps CWA with tax loss harvesting, rebalancing, and making sure the client’s basket performs in line with the benchmark.
401k Management
Managing your retirement plan at work can sometimes be daunting. CWA recently invested in technology to help clients manage those retirement accounts, while still at their job (no accounts have to move).
In partnership with Pontera, we can help make investment changes based on ever-changing market conditions. Pontera allows our operations team to make these changes in real-time, and alerts us when a client’s allocation needs to be rebalanced.
Pontera also allows us to keep up to date when a company makes changes to its plans. Whether that be changes to investment options, fee changes, etc.
Disclosures
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.
Consilio Wealth Advisors, LLC (“CWA”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where CWA and its representatives are properly licensed or exempt from licensure.
For additional information, please visit our website at www.ConsilioWealth.com.
