Advisor Flipbooks

19 5. Tax management Helping you keep more of what you earn. Failing to take taxes into consideration can hurt your chances of meeting your objectives. It's not just the money you earn that counts—it's what you keep. SEI's investment process includes techniques designed to help you keep more of what you earn. With a special focus on tax management to help manage tax implications within your portfolio, together we seek to help you enhance after-tax returns. A variety of tools can be used to offset the tax consequences of trading within your portfolio. Those strategies are available in both a tax-managed and non-tax-managed structure. These strategies can help increase your return. SEI Investments Management Corporation (SIMC) does not represent in any manner that the tax consequences described as part of its tax-management techniques and strategies will be achieved or that any of SIMC's tax-management techniques, or any of its products and/or services, will result in any particular tax consequence. The tax consequences of the tax- management techniques, including those intended to harvest tax losses, and other strategies that SIMC may pursue are complex and uncertain and may be challenged by the IRS. Neither SIMC nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax, penalties and/or interest which may be imposed by the IRS or any other taxing authority; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. Accordingly, Clients should confer with their personal tax advisors regarding the tax consequences of investing with SIMC and engaging in the tax-management techniques described herein (including the described tax loss harvesting strategies) based on their particular circumstances. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the Client's personal tax returns. SIMC assumes no responsibility for the tax consequences to any Client of any transaction. Reporting & optimization Tax-loss harvesting Tax-lot coordination Tax-smart withdrawals & rebalancing Portfolio transition management Ecient gifting strategies Tax-managed portfolio design Holding period management Tax implication

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