Innovative portfolios combining individual
stocks and bonds in one holistic tax-managed SMA
NASHVILLE, Tenn., Nov. 19,
2024 /PRNewswire/ -- AllianceBernstein L.P.
("AB") (NYSE: AB), a leading global investment management firm, has
launched the AB Tax Advantaged Balanced Direct Index portfolio,
combining equities and municipal bonds into a core separately
managed account.
AB will provide a multi-asset solution within a single account
— custom tailored to client tax situation and risk preferences
— to deliver benefits to investors. This includes automated
tax loss harvesting across both stocks and bonds in addition to AB
Intelligent Rebalancing, which seeks to reduce the tax costs
associated with rebalancing. Portfolios can be customized across
asset-mix profiles including growth, balanced and income as well as
a variety of indices.
AB brings experienced portfolio management, tax research,
technology, and operational expertise to this solution as an
industry leader with over $66B in
municipals* and $5B in equity direct
indexing* assets under management.
Today, the firm also launched AB Tax Advantaged Equity Direct
Index and AB Tax Advantaged Strategic Research Balanced with
Municipals, representing additions in equity-only direct indexing
and tax managed active multi-asset portfolios, respectively. These
products feature integrated technology aimed at delivering an
industry-renowned client experience and enhanced after-tax
returns.
"Over the years, AB's municipal platform has become a pillar of
the firm's high-net-worth brand, while securing an industry-wide
reputation as a leader in tax-optimized, technology driven fixed
income solutions," said AB's Head of ETFs and Portfolio Solutions
Noel Archard. "Combining equity direct indexing alongside
municipals is a natural extension of our capabilities, allowing us
to better serve our clients while seeking enhanced outcomes after
tax."
AB's investment teams overseeing these new SMA products include
Municipal, Tax, and Equity Leaders at the firm, with an average of
22 years of investment experience. Cross asset portfolio management
teams include Matthew Norton,
Daryl Clements, Andrew Potter, Paul
Robertson, and John
McLaughlin.
"We believe maximizing after-tax returns is critical for
high-tax taxable investors," said AB's Head of Separately Managed
Accounts Gavin Romm. "Through these solutions, we're seeking
to introduce the next generation of balanced investing with an
innovative core portfolio and improved approach to rebalancing and
systematic tax loss harvesting."
To learn more about Direct Indexing and AB's capabilities, visit
here.
*As of September 30,
2024
About AllianceBernstein
AllianceBernstein is a
leading global investment management firm that offers diversified
investment services to institutional investors, individuals, and
private wealth clients in major world markets. As of October 31, 2024, AllianceBernstein had
$793 billion in assets under
management. Additional information about AB may be found on our
website, www.alliancebernstein.com.
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SOURCE AllianceBernstein
