Tax-First Wealth Management

Every investment decision is a tax decision. At Bering Tsang, we believe that focusing solely on gross returns is a flawed methodology. What truly matters is net, after-tax yield. By integrating tax mitigation strategies directly into our portfolio construction process, we help high-net-worth individuals preserve a significantly larger portion of their wealth.

Asset Location vs. Asset Allocation

While most advisors stop at asset allocation (the mix of stocks, bonds, etc.), we take it a step further through strategic asset location. We deliberately place highly taxed, income-generating assets in tax-advantaged accounts, while placing tax-efficient investments in taxable accounts. This structural optimization can compound massively over a 10-to-20 year horizon.

Continuous Tax-Loss Harvesting

We do not wait until December to look for tax harvesting opportunities. Volatility is inevitable; we utilize advanced algorithms and active management to systematically capture tax losses throughout the year, banking these to offset future gains and ordinary income, effectively creating an ongoing tax alpha.

Executive Compensation & Concentrated Stock

For corporate executives holding significant restricted stock units (RSUs) or options, we develop staged diversification strategies that manage the severe tax impact of liquidation while utilizing tools like exchange funds and direct indexing to hedge downside risk.