By accessing this website, you acknowledge that the information presented is intended solely for informational purposes and you agree to abide by our Terms of Use and Privacy Policy. Wealthist utilizes information from various sources deemed reliable, including from clients and third parties, but cannot guarantee its accuracy or completeness. Nothing herein should be considered an offer, recommendation, or solicitation to buy or sell any securities. Furthermore, Wealthist and its affiliates do not offer tax advice. It is recommended that clients consult with their personal tax advisors.
The effectiveness of any Tax-Loss Harvesting strategies is contingent on an individual’s full tax and investment profile, including actions in accounts not managed by Wealthist and the nature of investments (taxable or non-taxable) or their holding periods (short-term vs. long-term). Tax-Loss Harvesting may involve a higher number of trades to realize losses, which could result in greater capital gains, potential wash sales, and possibly higher transaction costs and market impacts. Additionally, realized losses might not always be offset by adequate gains in the account and may be limited to a $3,000 deduction against income. Utilization of losses harvested through these strategies depends on recognizing capital gains in the same or a subsequent tax period and may be further limited by tax law if insufficient gains are realized.
The cash balances in Cash Accounts are transferred to one or more banks ("program banks"), where they earn a variable rate of interest and are eligible for FDIC insurance. FDIC insurance does not apply until funds reach the program banks, with coverage limited to $250,000 per customer per bank. Wealthist uses multiple program banks to expand FDIC coverage up to $8 million for cash deposits. For further details on FDIC insurance coverage, please visit www.FDIC.gov. Clients should monitor their holdings across each program bank to determine the available FDIC insurance coverage based on FDIC regulations. Deposits at program banks are not protected by SIPC.
All investments entail risks, including the potential loss of principal, and there is no assurance that any investment will provide positive performance over any period of time. Past performance does not guarantee future results. Please see our Full Disclosure for more details.
Cash Accounts are offered by Wealthist Brokerage LLC (“Wealthist Brokerage”), a member of FINRA/SIPC. Neither Wealthist Brokerage nor its affiliates are banks, and the Cash Account is not a checking or savings account. Deposits are managed by partner banks who provide the interest rate and FDIC insurance. Investment management and advisory services, which are not FDIC insured, are provided by Wealthist Advisers LLC, an SEC-registered investment adviser, with additional financial planning tools offered by Wealthist Software LLC.
Wealthist Advisers, Wealthist Brokerage, and Wealthist Software are wholly-owned subsidiaries of Wealthist Corporation.
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