How I Invest with David Weisburd
E150: Tax-Aware Investing: Insights for Family Offices and UHNW Individuals
Mar 28, 2025
Aaron Hodari, Managing Director at Schechter, shares his expertise in wealth management with a focus on alternative investments. He highlights the importance of tax-aware strategies, especially for ultra-high-net-worth individuals, discussing techniques like direct indexing for tax efficiency. The conversation explores innovative financing in private credit, the significance of teaching financial responsibility to future generations, and the advantages of interval funds in managing market volatility. Aaron's seasoned insights reveal how to navigate economic uncertainties while growing wealth.
49:40
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Direct indexing enhances tax efficiency by allowing investors to manage portfolios and optimize liabilities through personalized strategies.
- Wealth management requires a balanced approach, as emotional tax decisions can lead to poor investment outcomes for high-net-worth individuals.
Deep dives
The Rise of Direct Indexing
Direct indexing has emerged as a significant investment strategy over the past decade, allowing investors to manage their portfolios more tax-efficiently. Unlike traditional index funds, where investors buy an ETF or mutual fund to passively own the entire market, direct indexing enables individuals to own the underlying securities directly in their own accounts. This approach allows investors to take advantage of tax loss harvesting at the individual security level, optimizing their tax liabilities by offsetting gains with recognized losses. The strategy has gained popularity as a means to achieve broad market exposure while retaining the flexibility to make personalized, tax-efficient decisions.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
