Callan Family Office has launched a Tax Overlay Management Program designed to transform wealth management for ultra-high-net-worth families by focusing on maximizing after-tax returns. This program enables investment partners to make informed decisions with a comprehensive view of clients' assets, a departure from traditional practices that often involve outsourcing to third-party asset managers.
Jack Ginter, CEO of Callan Family Office, highlighted the program's significance in helping clients grow and preserve wealth across generations. The initiative leverages technology and expertise to minimize taxes on investment gains, a priority for the families served by the firm.
The program offers several advantages, including greater control over capital gains, reduced investment expenses by minimizing third-party trading costs, and multi-account and entity optimization for identifying tax efficiencies. A key component of the program's success is the technology provided by Aris Investing LLC, which supports sophisticated portfolio optimization and secure infrastructure for ultra-high-net-worth investors.
Daniel Burke, an investment partner at Callan Family Office, explained how the program addresses the challenges of rebalancing accounts with complex ownership structures. The technology facilitates optimized portfolio transitions, direct tactical tax-loss harvesting, and optimal tax lot selection, all aimed at minimizing capital gain impacts during portfolio changes.
This Tax Overlay Management Program represents a significant advancement in wealth management, offering a holistic, tax-aware approach to portfolio management. Its potential to optimize after-tax returns and provide greater control and customization could establish new industry standards. As the financial landscape grows increasingly complex, innovations like this program are poised to play a critical role in wealth preservation and growth for ultra-high-net-worth families.
