Tax Alpha Insider

Home
Notes
Tax Alpha Trends
Direct Indexing Market Map
ETFs Seeding In-Kind
351
About

January 2025

Parametric grows its support for active strategies - taxable wealth weekly
Parametric grows active, transferrable renewable energy credits, taxation of VPFs, the External Revenue Service, and exchange fund research
 • 
Brent Sullivan
Are ETF fees really "tax-deductible?"
ETF fees are paid pre-tax, while taxable managed account fees are paid post-tax, and are not deductible thanks to the Tax Cuts and Jobs Act (set to…
 • 
Brent Sullivan
How Hill Investment Group gathered $500 million in-kind for its new ETF
The Longview Advantage ETF (ticker EBI) leaned into its adviser relationships
 • 
Brent Sullivan
2
Direct indexing market map - Jan 2025 edition
New entrants, partnerships, and a big exit
 • 
Brent Sullivan
4
28 weeks later: What's stopping Cambria Tax Aware ETF from hitting its target allocation?
Why 3 to 6 months to compliantly reposition an ETF seeded in-kind isn't crazy
 • 
Brent Sullivan
28 days later: Cambria Tax Aware ETF (ticker TAX) at launch and today
TAX looks like it did on launch day. Tracking error might be a problem.
 • 
Brent Sullivan
Has your direct indexing portfolio become a high-cost index fund?
You have [[[esoteric]]] options
 • 
Brent Sullivan
Can direct indexing + tax-gain harvesting beat the 529 plan?
Kids qualify for an annual tax benefit that no one uses
 • 
Brent Sullivan

December 2024

De-risking concentrated stock by seeding an ETF in-kind
Up to 25% could come from a single stock.
 • 
Brent Sullivan
$27 million AUM contributed in-kind to Cambria Tax Aware ETF (TAX)
Meb calls it "our biggest launch ever" as new ETF is seeded in-kind w/ 56% ETFs, 44% direct equities.
 • 
Brent Sullivan
Can I diversify a large single-stock holding tax-free by seeding an ETF in-kind?
No. Section 351 tests for diversification at the individual and aggregate levels.
 • 
Brent Sullivan
© 2025 Brent Sullivan
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great culture