Tax Management Services

A wealth management tax services strategy designed to help keep more of your returns with a tax-managed investment portfolio.

Reducing the current tax liabilities on your investments can help enhance your overall returns. Implementing our Tax Management Services in a taxable managed investment portfolio, known as a Unified Managed Account (UMA), seeks to offer you professional and tax efficient portfolio management to help meet your unique financial goals.

Tax Management Services

Taxes can make a big difference over the long run in helping meet financial goals – so you need a tax-smart edge. Learn how Morgan Stanley Tax Management Services can help efficiently manage your capital gains with a complimentary and fully personalized experience.

Meeting financial goals takes a combination of planning and an inventive edge. There is no one winning strategy. The best strategy may be a combination that’s constructed just for you. And at Morgan Stanley, we can build that together.

But there’s one component that is often overlooked—even though it can make the biggest difference over the long run: taxes.

Taken together, tax-aware solutions, may potentially add up to 2% to your annual returns, on average, depending on your specific portfolios and approaches.

By adding our complimentary -- and personalized -- Tax Management investment platform to your taxable managed account, we can help maximize your potential after-tax return, year-round. That’s our Total Tax 365 approach.

Do you want to be more in control of your capital gains each year?  Our platform enables you to set gain or tax limits that put you in control of the impact of taxes on your investments. Because after all, taxes are personal.

While tax-loss harvesting is common for many investors these days, it tends to be labor intensive. Morgan Stanley’s advanced platform lets you design your own tax-loss harvesting experience. 

For instance, you can select the loss harvesting frequency, your loss targeting approach or customize our opportunistic tax-loss harvest feature that systematically identifies losses to capture throughout the year.

And when losses are created, we look to preserve those losses by adhering to certain IRS wash sale rules so that those realized losses can help potentially offset future gains.

In today’s market, every trade decision matters. But how you tax-optimize your trades may matter even more.

That’s why we also provide our best-tax-outcome approach when trading your securities. This feature looks through your various tax lots and attempts to achieve the most favorable tax outcome on every sale transaction.

Lastly, if you are considering transitioning assets to Morgan Stanley, but are concerned about large capital gains and subsequent taxes, don’t be.

Our sophisticated platform helps you unwind existing positions into a new diversified investment portfolio gradually, and on your terms.

And every step of the way, we report back results that show how much tax savings you may have captured over time. Because the returns you keep are the ones that count.

So, when working to meet your financial goals, you set the rules. Together, we’ll refine your strategy … and offer the tax-smart edge that puts you in control of your assets and your wealth.

Contact your Morgan Stanley Financial Advisor and ask how to enroll in this complimentary service.





Clients may elect Tax Management Services for the account by notifying their Financial Advisor, and indicate what Maximum Tax or Realized Capital Gain Instruction is desired for the account, if any. The Tax Management Services Terms and Conditions attached to the Morgan Stanley Smith Barney LLC Select UMA ADV brochure as Exhibit A will govern Tax Management Services in the account. Review the Morgan Stanley Smith Barney LLC Select UMA ADV brochure carefully with your tax advisor. Tax Management Services are not available for all accounts or clients and may adversely impact account performance. Tax Management Services do not constitute tax advice or a complete tax-sensitive investment management program. There is no guarantee that Tax Management Services will produce the desired tax results.

Diversification is no guarantee of profit and does not protect against loss.

There is no guarantee that tax-loss harvesting will achieve any particular tax result.

When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.

Morgan Stanley, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

©2024 Morgan Stanley Smith Barney LLC, Member SIPC CRC 6177372 2/2024

Tailored Investment Solutions

A Select Unified Managed Account (UMA) is an investment advisory account that offers an asset allocation tailored to your goals, a disciplined manager selection process and ongoing, professional account guidance.

Tax Strategies for Realized Investments

Tax Management provides a suite of services to Select UMA clients who seek personalized tax solutions. Our proprietary investment program can apply to a variety of tax-efficient strategies designed to help minimize realized gains within your Select UMA Account.

Tax-Solutions for You

Speak to your Financial Advisor about how seeking tax-efficiencies may help you achieve your goals faster.

Check the background of our firm and investment professionals on FINRA's BrokerCheck.

More Information on Tax Management

Learn more about the strategies and techniques investors may use to help minimize current tax liabilities and enhance their after-tax returns.