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Business Wire
5 days ago
- Business
- Business Wire
Morgan Stanley Investment Management Introduces Tax Optimized Portfolio Solutions to Increase Customization, Enhance Client Outcomes
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM) announced today that its Wealth Strategies Group has introduced Tax Optimized Portfolio Solutions (TOPS), a tool that brings together a broad suite of tax management solutions from MSIM, Eaton Vance and Parametric Portfolio Associates (Parametric) to meet individual client needs and drive personalized outcomes. Anchored by the expertise and experience of the Wealth Strategies Group, TOPS addresses complex portfolio challenges including managing volatility, enhancing total return, generating income or planning a legacy as well as understanding investment tax implications, in an integrated, highly customized way. 'The power of TOPS is bringing together various component pieces and enhancing their individual value by combining them in highly customized ways,' said Brian Smith, Co-Head of the Wealth Strategies Group. 'Our team uses the TOPS tool to analyze client-specific financial attributes and develop tailored solution sets to align results with complex financial planning, providing better tax outcomes and adding value to advisor client relationships.' TOPS interprets the features of a broad range of tax management solutions pioneered by Eaton Vance and Parametric and helps advisors better allocate client assets to maximize tax efficiency, generate alpha and income, address complex portfolio concerns and align investments with client priorities. This includes leveraging Parametric's industry-leading direct indexing, long/short extension, custom option overlay programs and tax optimized ladders as well as solutions to effectively diversify concentrated stock positions and specialized tax-advantaged charitable giving vehicles. 'Each individual's and family's set of circumstances require in depth knowledge of their situation, preferences and risk tolerance, and must accommodate a broad range of specifications,' said Matt Witkos, Head of North America Intermediary Sales. 'TOPS allows our Wealth Strategies Group to identify the most relevant solutions that deliver greater value when combined in a highly customized, results-oriented way, and to provide a continuous glidepath as markets and investor preferences change.' Commenting on the role TOPS plays with advisors he said, 'TOPS is a tool that combined with our expertise, positions advisors to be their clients' trusted advocate and allows them to generate efficient, customized portfolios.' Notably, Parametric has been a leader in custom solutions for more than 30 years, helping investors efficiently access market exposure, solve implementation challenges and design multi-asset portfolios that respond to evolving needs like tax management. Parametric also offers systematic alpha strategies to complement clients' core holdings. Combined with Eaton Vance's decades-long focus on tax efficient investing, Parametric's innovative approach to customization and efficiency establishes a foundation for the TOPS tool that helps position it as the industry-leading, holistic investment tax investment planning strategy for advisors and their clients. About Morgan Stanley Investment Management Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.7 trillion in assets under management or supervision as of June 30, 2025. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit About Morgan Stanley Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit This material is only intended for and will only be distributed to persons resident in jurisdictions where such distribution or availability would not be contrary to local laws or regulations. MSIM, the asset management division of Morgan Stanley (NYSE: MS), and its affiliates have arrangements in place to market each other's products and services. Each MSIM affiliate is regulated as appropriate in the jurisdiction it operates. MSIM's affiliates are: Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd, Calvert Research and Management, Eaton Vance Management, Parametric Portfolio Associates LLC, and Atlanta Capital Management LLC. There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market. A separately managed account may not be appropriate for all investors. Separate accounts managed according to the Strategy include a number of securities and will not necessarily track the performance of any index. Please consider the investment objectives, risks and fees of the Strategy carefully before investing. A minimum asset level is required. For important information about the investment managers, please refer to Form ADV Part 2. The views and opinions and/or analysis expressed are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time without notice due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively 'the Firm'), and may not be reflected in all the strategies and products that the Firm offers. This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. The Firm does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. Each Jurisdiction tax laws are complex and constantly changing. You should always consult your own legal or tax professional for information concerning your individual situation The whole or any part of this material may not be directly or indirectly reproduced, copied, modified, used to create a derivative work, performed, displayed, published, posted, licensed, framed, distributed or transmitted or any of its contents disclosed to third parties without the Firm's express written consent. This material may not be linked to unless such hyperlink is for personal and non-commercial use. All information contained herein is proprietary and is protected under copyright and other applicable law. Eaton Vance and Parametric are part of Morgan Stanley Investment Management. Morgan Stanley Investment Management is the asset management division of Morgan Stanley. Investing entails risk, and there can be no assurance that Eaton Vance or Parametric will achieve profits or avoid incurring losses. All investments are subject to potential loss of principal. Eaton Vance and Parametric do not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision.
Yahoo
13-05-2025
- Business
- Yahoo
Bernstein Private Wealth Management names new Wealth Strategies head
Bernstein Private Wealth Management (Bernstein) has appointed Ashley Velategui as the head of its Wealth Strategies Group, succeeding Tara Popernik. Velategui, who took on the new role on 9 May, has been tasked with heading a team dedicated to advising high net worth and ultrahigh net worth clients on comprehensive financial planning, philanthropy, and investment strategies. Operating out of Seattle, Washington, Velategui will report to Bernstein Investments and Wealth Strategies head Alex Chaloff. Meanwhile, Popernik is departing from the company to 'pursue another opportunity,' Bernstein said in a statement. Chaloff said: 'Ashley is the natural choice for this important role at our firm. Her extensive experience and dedication have been instrumental in driving the rapid growth of our West Coast markets. 'Ashley is a strong leader, trusted by both clients and advisors, and an essential member of the advisory team managing complex relationships. Her appointment will enable us to further accelerate our wealth strategy business and help our clients to achieve their wealth goals partnering with our wealth advisors nationwide." With an 18-year tenure at Bernstein, Velategui has extensive experience in estate and tax planning. Velategui joined the Wealth Strategies Group in 2011 and has most recently held the position of Planning Research national director since 2023. She was instrumental in enhancing Bernstein's planning tool, Wealth Forecasting System, the statement added. Besides, she managed the recruitment, training, and development of the firm's Wealth Strategies analyst team. Commenting on the new role, Velategui said: 'I am excited about taking on this leadership role at Bernstein. The calibre of intellect across our Wealth Strategies team and Bernstein is unparalleled. 'I look forward to continuing to help grow our platform and working with our wealth advisors to help clients navigate the complexities that come with having significant wealth.' Based in Nashville, Bernstein Private Wealth Management operates as a business unit of investment manager AllianceBernstein. With a presence across 26 countries and jurisdictions, AllianceBernstein has over $785bn in assets under management. "Bernstein Private Wealth Management names new Wealth Strategies head" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
