Michael Manly, a tax specialist, highlights the challenges business owners and investors face with significant tax liabilities during business sales and investment portfolio adjustments. Many owners don't plan for their business exit, risking substantial capital gains taxes. Similarly, investors often delay rebalancing portfolios due to potential tax triggers. Manly suggests utilizing new tax-aware strategies, like direct indexing with long-short hedging, to offset gains and improve after-tax returns. Proactive planning is crucial for maximizing value and minimizing taxes. This information was published by Crain's Content Studio for GFP Private Wealth.
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