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ASSET MANAGERS Direct Indexing
PARAMETRIC
During periods of extreme volatility, balancing tax-loss harvesting and risk become even more important. Sharp market downturns present the greatest opportunity for tax-loss harvesting. The worst-performing stocks during a stock market crash also tend to come of the best-performing stocks during its recovery. Although aggressively harvesting the worst beaten-down losses during a crash may look attractive from a tax perspective, this can lead to reversal risk of pretax underperformance when the market bounces back. Short-term Reversal Factor
Parametric, part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley (NYSE: MS), uses investment science to build and manage systematic investment strategies and to implement custom portfolio solutions providing clients with targeted investment exposures with control of costs and taxes. Based on principles of intellectual rigor, ingenuity and transparency, Parametric seeks to deliver repeatable client outcomes with consistently high levels of service and maximum efficiency. As of December 31, 2022, Parametric managed $389 billion in assets on behalf of institutions, high-net-worth individuals and fund investors. Headquartered in Seattle, Parametric also has offices in Minneapolis, New York, Alpharetta, Boston and Westport, Connecticut. For more information, visit parametricportfolio.com.
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WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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