Separately Managed Accounts
Tax-Advantaged Direct Indexing Solutions
Tax Efficiency Beyond Traditional Direct Indexing
Most Taxable Portfolios Are Managed In
Silos. Taxes Are Not.
Direct indexing solutions have become a powerful tool for improving tax efficiency in equity portfolios. Yet most taxable portfolios are still managed in separate allocations—equities in one account, municipal bonds in another. Decisions are made independently, even though taxes are assessed across the entire portfolio.
AllianceBernstein Goes Beyond Traditional Direct Indexing
The AB Tax Advantaged Balanced Direct Index Portfolio combines equity tax-loss harvesting, municipal bond tax management and tax-aware rebalancing in one discretionary portfolio, all managed through a single tax framework.
Why Advisors Choose AllianceBernstein
for Direct Indexing
A Taxable Portfolio Solutions Partner—Not Just a Direct Indexing Provider
Expand Tax-Loss Harvesting Potential
Go beyond equity-only direct indexing with a portfolio that coordinates tax-loss harvesting across equities and municipal bonds.
More Efficient Rebalancing, More Value After Taxes
Uses integrated, tax-aware rebalancing to reduce unnecessary taxable trades and help clients retain more of their portfolio’s return.
Simplify Implementation and Oversight
Use one coordinated portfolio structure with integrated transitions and consolidated reporting to help streamline delivery for taxable clients.
Keeping More Matters
For high-net-worth investors, even small gains in tax efficiency can compound meaningfully over time. In taxable wealth management, what matter isn't just want portfolios earn—it's what clients keep.
For illustrative purposes only. There can be no assurance that any investment objectives will be achieved. 1% Tax Advantaged assumes 1% of incremental return annually. Passive is the S&P 500. 1% Tax Drag assumes 1% return loss annually due to taxes. January 2015-December 2025 (USD).
Explore Tax-Advantaged Solutions
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Direct Index SMAs
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Active Equity SMAs
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- Direct Index SMAs
- Active Equity SMAs
Resources
Does Your Financial Plan Depend Too Much on One Stock?
Big winners may lift portfolios for a time—but concentration risk can bring a downside, too.
With Tax Day Here, It’s Time to Revisit Investment Vehicles
Both ETFs and SMAs have tax-friendly features, but they help investors manage tax bites in different ways.
Tax-Loss Harvesting with Bonds vs. Stocks: Different Rules, Same Goal
Investors shouldn’t overlook bonds as a key part of the tax management arsenal.
Boosting After-Tax Returns: An “All of the Above” Effort
Better performance requires more than just focusing on pretax returns or minimizing tax expenses.
Request a Portfolio Analysis
See What Tax-Drag Could Be Costing Your Clients
Compare a client portfolio to AB’s Tax-Advantaged Direct Index solutions and get a personalized analysis showing:
Transition impact analysis with tax-aware implementation
Side-by-side comparison of current allocation vs. AB’s structure
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