351 exchange intro call — fifteen minutes.

351 ETF EXCHANGE

Do you seek an advisor for access and to help you navigate your options with appreciated stock?

For investors with appreciated portfolios weighing a 351 exchange — to determine mutual fit. Find a time that works for you. We will confirm the appointment personally.

What decides whether it fits

What you contribute has to be diversified. Broadly, what you contribute must pass the diversification tests — at most 25% in one issuer and 50% in the top five combined — so one concentrated stock generally can't go in alone.
There is a window, not a door. Contributions happen at a launch or in a set window, so timing is part of the plan.
Deferral, not forgiveness. Your basis carries over; the gain comes due when you sell the ETF shares.
A fully transparent exchange. You can expect Schwab to carry each lot's basis and holding period into the ETF shares it became.
Not everything qualifies. Mutual funds, CEFs, restricted or pledged holdings and most derivatives generally can't go in.

General information about how the exchange works — not tax or legal advice. Eligibility depends on the fund and on the securities you contribute; confirm your own situation with your tax advisor.

The full 351 explainer