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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  November 11, 2024
Callan Family Office Launches Tax Overlay Program for UHNW Clients
Joe Palmisano
By: Joe Palmisano

Callan Family Office Launches Tax Overlay Program for UHNW Clients

Callan Family Office, a $6.5 billion Philadelphia-based registered investment advisor, recently launched a tech-enabled program designed to maximize after-tax returns for ultra-high-net-worth clients.

The Tax Overlay Management Program, utilizing the Aris Investing technology platform, allows the company to manage capital gains timing, improve tax efficiency, and optimize costs across intricate portfolios, customized to each client’s financial situation, a spokesperson told Connect.

The program integrates the delivery of third-party active strategies, direct indexing, and a comprehensive “household-level” perspective of assets to synchronize and enhance trading across several active and passive Separately Managed Accounts (SMAs) within a typical multi-generational ultra-high-net-worth portfolio.

Callan noted that potential benefits of the program include greater control over capital gains, lower expenses, and multi-account and entity optimization.

“The partners of Callan Family Office have worked with ultra-high-net-worth investors for decades on average, and minimizing taxes on investment gains is a priority for the families we serve,” said Jack Ginter, CEO of Callan Family Office.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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