Overview

We have managed an equity value hedge fund for a family office for 20 years. The fourth generation is liquidating the fund in 2024 ($14 million not included in AUM).

We also have a separately managed account business. We do not use 3p managers - we create portfolios of stocks. We are extremely tax-efficient for non-qualified accounts and do tax planning for our qualified accounts. For instance, our hedge fund has only taxable partners - 85% of the $14 million NAV is in unrealized long-term gains, and for the past 18 years the cumulative return has been about 70% tax-deferred. Most of the realized income has been in qualified dividends or net long-term realized gains.

We are just as tax efficient in our non-qualified SMAs. We manage shares of great companies for our clients directly. We hold those shares for long period of time but aggressively harvest losses and minimize net long-term gains when our clients raise cash. For qualified accounts we constantly monitor changes in prospective income differentials to minimize the "widows" tax, retirement income tax minimization and heirs tax liabilities.

We offer investment management, social security timing, retirement income, tax planning retirement planning, financial planning using eMoney, and estate plan coordination.

David Berkowitz

Last Activity
this month

Business Data

Blurred Charts

Clearing Firm / Custodian

Blurred Blurred Blurred Blurred

Third Party Money Managers

Blurred Blurred

Mutual Funds

Blurred

Variable Annuities

Blurred Blurred Blurred Blurred

Insurance Business

Blurred Blurred

Technology Solutions

Blurred Blurred

CRM Systems

Blurred
Resources
Loading...