A Thrivent press release said the service provides an active tax overlay strategy designed to give investors improved absolute returns through potential tax savings. The required minimum account for the program is $1,000,000 of investable (after-tax) assets.
Through the service, financial consultants associated with Thrivent Financial’s Landmark Group together with the client will determine how best to diversify the portfolio, reduce tracking error, and meet the client’s predefined tax budget, the announcement said. The service then obtains managers’ investment models and manages the portfolios, balancing tax implications against managers’ stock selections.
Optimal trades are selected by considering risk characteristics of each stock, tax implications of potential trade combinations, correlation between stocks in existing and target portfolios, transaction costs, and clients’ capital gains budgets.
To learn more about the program, contact Thrivent Financial’s Landmark Group at 651-779-9720.