Concentrated stock solutions.
APPRECIATED STOCK · YOUR GOALS, OUR EXPERTISE
Managing appreciated assets with tax efficiency leaves more capital compounding — especially here in California.
Explore the interactive map from strategy to outcome — charitable giving, hedging, exchanges, and sales flowing to diversification, deductions, income, and liquidity — then open the full visualizer to customize it for your position.
Stock Solutions — your goals, our expertise
- Risk & diversification: Adjust your exposure to a single position, diversify around it, and keep an orderly exit available.
- Tax optimization: Delay and mitigate tax impacts through disciplined gain/loss realization tailored to your bracket.
- Liquidity: Multiple cashless hedging strategies and low-cost, tax-deductible borrowing options available to qualified clients.
- Income: Diversify into tax-efficient income and cash-flow investments.
For high-tax-bracket investors — strategies selected for client fit
As an independent fiduciary investment advisor, we serve one interest — yours. We are free to choose for your situation — nothing else.
Why fiduciary matters
Explore our personalized solutions below:
- Tax-Aware Long/Short (capital gain deferral) — TALS seeks greater outperformance — pretax and after-tax — by short-selling lower-quality companies, along with loss harvesting at far greater scale.
- Direct Indexing (tax alpha) — Own the individual stocks of your index in a personalized account — harvesting losses at the single-name level to compound more after tax.
- Personalized Indexing (your values) — Your index built around your definition of responsible investing — inclusion over exclusion, without giving up diversification or performance.
- Stock Hedging (appreciated stock) — Protect an appreciated single-stock position and diversify on your own timeline — without triggering the gain.
- Portfolio Borrowing (liquidity) — Securities-backed borrowing at institutional rates — unlock cash without selling, and without interrupting compounding.
- 351 ETF Exchange & Exchange Funds (diversify without selling) — Contribute appreciated holdings in kind — into a launching ETF, or into a pooled exchange fund — and diversify without triggering the gain.
- Alternatives (beyond stocks & bonds) — Best-of-breed alternatives, selected as a fiduciary for fit — diversification that improves your margin of safety.
Compounding with more capital
Learn more: the mathematics of tax-deferred compounding — see the tax deferral calculator.