Tax management is the practice of structuring and managing your investments to seek to reduce the taxes you owe over time. At TSG Wealth Management, we aim to maximize tax efficiencies, minimize taxable events, and collaborate with your tax professionals, so more of your wealth stays working toward your goals while keeping a sound balance of risk and return.
Tax Management Strategies
Keeping More of Your Wealth Working Toward Your Goals
What is Tax Management in Wealth Planning?
Tax management in wealth planning means making investment decisions with their tax consequences in mind, rather than treating taxes as an afterthought at filing time. At TSG, this is built into how we manage your portfolio: we look for tax efficiencies throughout the year, coordinate with your tax professionals, and seek to minimize the taxable events that can quietly erode your returns.
How TSG Manages Your Investments to Help Reduce Taxable Events
TSG manages your investments in a way that seeks to help minimize taxable events while keeping risk and return in balance. Our focus areas include:
- Identifying tax efficiencies
- Collaborating with your tax professionals
- Tax-loss harvesting
- Charitable giving strategies
- Verifying the accuracy of your financial data, including the cost basis of previously held positions
Minimizing taxes matters, but achieving a proper balance of risk and return remains our paramount concern.
TSG Works with Your Existing CPA, or can Connect You with One
TSG Wealth Management is not a CPA practice and does not prepare tax returns. We can collaborate with your existing CPA or tax advisor, refer you to TSG Tax Management or because of our decades in the business we have built a network of trusted professional relationships and can match you with the right tax professional to fit your needs.1 2
TSG Tax Management: Dedicated Tax Services
For clients who want their tax work handled directly, TSG Tax Management offers a full suite of tax services for high-net-worth individuals, families, and businesses. TSG Tax Management is a separate entity, TSG Tax Management, LLC, which is not affiliated with Wells Fargo or Wells Fargo Advisors Financial Network. Its services include:
- Tax planning and entity structuring
- Tax preparation for individuals, corporations, and partnerships
- Bookkeeping and virtual CFO services
- Estate and trust planning
- Family office services
- Legacy lifestyle concierge solutions
You can learn more at TSG Tax Management.2
How Tax Management Connects to Your Broader Plan
Tax decisions touch every part of your wealth strategy, so tax management works best when it is not treated as a standalone service. TSG coordinates tax-aware decisions across the rest of your plan: weighing asset location and withdrawal sequencing within your investment and retirement planning, considering gifting and the step-up in cost basis alongside your estate planning strategies, and factoring transaction taxes into a business sale or transition through your business advisory team before it happens rather than after. The goal is straightforward: a decision made in one area should not create an avoidable tax cost in another.
Because these areas interact, we work alongside your existing CPA or tax advisor to keep everything aligned. For clients who want tax work handled more directly, dedicated services are available through TSG Tax Management, a separate entity not affiliated with Wells Fargo or Wells Fargo Advisors Financial Network.2
Frequently Asked Questions
What is tax-loss harvesting?
Tax-loss harvesting is the practice of selling an investment that has lost value to offset gains realized elsewhere, which can help reduce your taxable income for the year. TSG looks for these opportunities as part of managing your portfolio, while keeping your overall strategy and risk balance intact.
Does TSG prepare my tax return?
TSG Wealth Management is not a CPA practice and does not prepare tax returns. We collaborate with your existing CPA or tax advisor and can connect you with one if needed. For clients who want tax preparation handled directly, the separate entity TSG Tax Management, LLC offers those services.
What is the difference between TSG Wealth Management and TSG Tax Management?
TSG Wealth Management manages your investments in a tax-aware way as part of your broader wealth strategy. TSG Tax Management is a separate entity, TSG Tax Management, LLC, not affiliated with Wells Fargo or Wells Fargo Advisors Financial Network, that provides dedicated tax services such as tax preparation, planning, and bookkeeping.
Can TSG work with my current CPA or tax advisor?
Yes. TSG regularly collaborates with clients’ existing CPAs and tax advisors to keep your investment and tax decisions aligned. If you do not have a tax professional, TSG has CPAs on staff and a network of trusted relationships and can help match you with the right one.
What is cost basis, and why does it matter for taxes?
Cost basis is the original value of an investment, used to calculate the capital gain or loss when you sell it. Accurate cost basis matters because it directly affects how much tax you owe on a sale, which is why TSG verifies the accuracy of this data, including positions you held previously.
What services does TSG Tax Management offer?
TSG Tax Management offers tax planning and entity structuring, tax preparation for individuals and businesses, bookkeeping and virtual CFO support, estate and trust planning, and family office services. It is a separate entity, TSG Tax Management, LLC, and you can learn more at tsgtm.com.
Make your plan more tax-aware.
Contact TSG Wealth Management or call 562.414.0900 to talk through tax management strategies for your wealth.
1This information is made available with the understanding that Wells Fargo Advisors Financial Network and its affiliates are not engaged in rendering legal, accounting, or tax advice. Wells Fargo Advisors Financial Network, LLC does not provide legal or tax advice.
2Tax preparation services are available through a separate entity, TSG Tax Management, LLC. TSG Tax Management is not affiliated with Wells Fargo or Wells Fargo Advisors Financial Network, LLC. Wells Fargo has provided the link above for your convenience but does not control or endorse the website and is not responsible for the products, services, content, links, privacy policy, or security policy of the website. Although TSG Wealth Management has a relationship with this website, TSG Wealth Management does not provide the products and services on the website. Please review the applicable privacy and security policies and terms and conditions for the website you are visiting.