TD Ameritrade Launches Tax-Loss Harvesting Tool for Investors
November 15 2017 - 8:30AM
Business Wire
New feature for managed portfolio clients may
generate tax benefits
Your investments should be positioned to help you attain your
goals while being tax efficient at the same time. TD Ameritrade
Investment Management, LLC, a registered investment advisor
subsidiary of TD Ameritrade Holding Corporation (Nasdaq: AMTD),
today announced a new tax-loss harvesting strategy that can help
everyday investors make their portfolios more tax-efficient.
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the full release here:
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“In the past, only the wealthiest investors could afford to reap
the greatest benefits of effective tax management strategies. Times
have changed. TD Ameritrade’s new feature can help to streamline
tax strategies, providing great value and ease for our managed
portfolio clients,” says Lule Demmissie, managing director of
investment products and guidance at TD Ameritrade. “Our clients
have asked for these capabilities, and we’re pleased to now offer
them – at no additional cost.”
Tax-loss harvesting monitors investors’ portfolios daily while
they focus on their everyday lives. This strategy harvests or
"realizes" losses and reinvests them in replacement securities,
allowing investors the potential to offset taxes on both gains and
income while retaining their desired portfolio allocations. With TD
Ameritrade’s new offering, clients with ETF-based managed
portfolios through Essential Portfolios and certain Selective
Portfolios can opt into these strategies with just one click.
How it works: Once a client opts
in, TD Ameritrade Investment Management will analyze each client’s
portfolio daily, searching for opportunities to initiate tax-loss
harvesting. When such an opportunity arises, TD Ameritrade
Investment Management will sell the position for the client and
invest the proceeds in a replacement security.
“Tax season shouldn’t just be the first few months of the year,”
continues Demmissie. “With one simple click, our clients can
potentially receive a tax benefit come mid-April, all while staying
in the market and maintaining their asset allocations.”
To learn more about the new tax-loss harvesting feature
available for Essential Portfolios and Selective Portfolios
clients, visit
https://www.tdameritrade.com/investment-products/managed-portfolios.page.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (Nasdaq: AMTD)
technology, people and education to help make
investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help
them decide how - bringing Wall Street to Main
Street for more than 40 years. TD Ameritrade has time and
again been recognized as a leader in investment services.
Please visit TD Ameritrade’s newsroom or www.amtd.com for
more information, or read our stories at Fresh Accounts.
TD Ameritrade Investment Management, LLC (“TDAIM”) and its
affiliates do not provide tax advice. We suggest you consult with a
tax-planning professional with regard to your personal
circumstances as to whether the TDAIM tax-loss harvesting feature
is appropriate for you. This feature generally would be more
beneficial to investors in higher tax brackets and high-tax
states.
The tax-loss harvesting feature is currently only available with
the TDAIM ETF-based portfolios in taxable TD Ameritrade Investing
Accounts. Tax-loss harvesting is not appropriate for all investors.
Investing in securities involves risk of loss that the client
should be prepared to bear. TDAIM does not represent or guarantee
that the objectives of the tax-loss harvesting feature will be met.
The performance of the replacement securities purchased through the
TDAIM tax-loss harvesting feature may be better or worse than the
performance of the securities that are sold for tax-loss harvesting
purposes. TDAIM only reviews each account that is managed by it
individually to help ensure that your account does not violate the
“wash sale” rule. When you enroll in the tax-loss harvesting
feature, the enrollment is on an account basis and does not apply
to other TDAIM portfolios you may have. Each eligible TDAIM
portfolio must be enrolled separately in the TLH feature.
Accordingly, you are responsible for monitoring your brokerage
accounts and your spouse’s brokerage accounts at TD Ameritrade or
elsewhere to ensure that transactions in the same security or a
substantially similar security do not create a wash sale. The wash
sale rule postpones losses on a sale, if replacement shares are
bought around the same time.
Prior to enrolling in the tax-loss harvesting feature, please
read TDAIM’s whitepaper and see the TDAIM Disclosure Brochure (Form
ADV Part 2A) http://www.tdameritrade.com/forms/TDA4855.pdf
Advisory services are provided by TD Ameritrade Investment
Management, LLC (“TD Ameritrade Investment Management”), a
registered investment advisor. Brokerage services provided by TD
Ameritrade, Inc. TD Ameritrade Investment Management provides
discretionary advisory services for a fee. Risks applicable to any
portfolio are those associated with its underlying securities. For
more information, please see the Disclosure Brochure (Form ADV Part
2A) http://www.tdameritrade.com/forms/TDA4855.pdf
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a
trademark jointly owned by TD Ameritrade IP Company, Inc. and The
Toronto Dominion Bank. © 2017 TD Ameritrade.
Source: TD Ameritrade Holding Corporation
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version on businesswire.com: http://www.businesswire.com/news/home/20171115005093/en/
TD Ameritrade Holding CorporationFor Media:Becky Niiya,
402-574-6652Sr. Manager, Corporate
Communicationsrebecca.niiya@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Director, Investor
Relationsjeffrey.goeser@tdameritrade.com
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