Tax Sensitivity

Taxes are inescapable for virtually all of our clients and are a significant consideration for many of them. The professionals at WMA are experts in understanding and mitigating the tax consequences of portfolio management. They have a thorough understanding of the relationship between taxes and investment returns. We are keenly aware of the tax consequences of both overall portfolio structure and of specific transactions. And we exercise great care in the appropriate placement of investments within taxable and tax-deferred accounts. WMA professionals continually monitor and review portfolios for tax opportunities and perform detailed analysis when assets are sold.

However, tax considerations cannot dominate the portfolio management process. Factors such as required rate of return, risk tolerance, individual accumulation and consumption patterns and any unique circumstances play major roles in the structure and management of our clients' portfolios.