Many affluent clients hold highly appreciated, concentrated stock positions but hesitate to diversify because of the significant capital gains taxes that may result from selling. While Exchange Funds have historically been one option, many advisors are unfamiliar with 351 ETF Exchanges that may offer greater flexibility and accessibility. Join hedged-risk investment experts Phillip Toews and Eben Burr for an in-depth discussion of 351 ETF Exchanges — an emerging strategy designed to help investors diversify concentrated equity positions while deferring capital gains taxes.
Attendees will learn:
- How 351 ETF Exchanges work and how they differ from traditional Exchange Funds
- Which securities and portfolios may qualify
- Key diversification and contribution requirements
- The operational mechanics of the exchange process
- Potential advantages, limitations, and planning considerations
- How Behavioral Portfolio® management may support ongoing risk management and portfolio flexibility
This session is designed to help financial advisors better understand an advanced tax-deferral strategy that may benefit clients with concentrated positions in appreciated publicly traded securities.
Phillip Toews is the CEO and founder of Toews Corporation, and a co-portfolio manager of the Toews Agility Shares™ ETFs and Toews Funds. He is a pioneer in the field of tactical asset management. He is focused on creating “investor friendly” products and is an outspoken advocate of changing and improving investment vehicles to serve clients’ needs.
Eben Burr is the President of Toews where he helps oversee the culture and direction of the firm which specializes in creating strategies designed with the clients financial and emotional wellbeing in mind. Eben has worked in various capacities at Toews since 2009 and before that in real estate in New York City. Eben advocates bringing behavioral psychology, introspection, and empathy into portfolio construction, planning, and communication.