Finance

Have Finance Questions? Ask a Financial Expert Online.

Ask an Expert,
Get an Answer ASAP!

Finance

Is there a mutual fund that does tax loss harvesting like

Customer Question
Wealthfront or Aperio? Aperio requires...
Is there a mutual fund that does tax loss harvesting like Wealthfront or Aperio? Aperio requires $10M minimum and Wealthfront will only put 35% of your money in the direct tax loss harvesting setup, so I'm wondering if there's a mutual fund or any other way to get the direct indexing tax loss harvesting that Wealthfront and Aperio do? I want to replicate the S&P500 or similarly broad market index and want stocks that go down within those 500 to be harvested for tax losses. Any ideas?
Submitted: 1 year ago.Category: Finance
Show More
Show Less
Ask Your Own Finance Question
Answered in 7 hours by:
10/19/2016
Financial Professional: TaxRobin, Senior Advisor replied 1 year ago
TaxRobin
TaxRobin, Senior Advisor
Category: Finance
Satisfied Customers: 15,892
Experience: 15 years of experience in financial advising with emphasis on tax issues.
Verified

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Ask Your Own Finance Question
Financial Professional: TaxRobin, Senior Advisor replied 1 year ago

I do not know if it is the same as the 2 you mentioned but Fidelity has a harvesting tool.

The use of harvesting is no more than selling those that will show loss (most advise to look to short term losses against gains die to the tax rate on short term gains) to offset gains.

https://www.fidelity.com/viewpoints/personal-finance/tax-loss-harvesting

The above is a link to the Fidelity page

Ask Your Own Finance Question
Customer reply replied 1 year ago
Thanks Robin. I have checked out that tool, but it doesn't do what I want. I want a mutual fund that does tax loss harvesting like Wealthfront or Aperio. That is just a tool that identifies stocks in your account that you can sell for tax losses. I want a mutual fund that will buy all 500 stock on the SP500 and then automatically sell each losing stock and replace it with a comparable, so that I can harvest the losses.
Financial Professional: TaxRobin, Senior Advisor replied 1 year ago

I see, you want something that does all the work for you. I am sorry but I do not know of any that would act as a virtual broker.

Ask Your Own Finance Question
Customer reply replied 1 year ago
I'm looking for something just like Aperio, but without the $10M minimum! Wealthfront comes close, but they don't offer this product as a stand-alone. They just do it on 35% of your portfolio with them.
Financial Professional: TaxRobin, Senior Advisor replied 1 year ago

If I come across one I will forward that to you

Ask Your Own Finance Question
Ask TaxRobin Your Own Question
TaxRobin
TaxRobin
TaxRobin, Senior Advisor
Category: Finance
Satisfied Customers: 15,892
15,892 Satisfied Customers
Experience: 15 years of experience in financial advising with emphasis on tax issues.

TaxRobin is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,608 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,218 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,919 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I own a company with the stock symbol AGNC. I am looking for
I own a company with the stock symbol AGNC. I am looking for advice on whether or not this stock has a high probability of bankruptcy. I've owned it for over 6 years and currently have a paper loss. I… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
I have mutual funds that I purchased through my bank. They
I have mutual funds that I purchased through my bank. They showed me some brochures and gave "estimated" historical performance numbers (e.g. 3%, 4.5%, 7%, etc.). They also told me about the MER that … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I am having an accounting firm handle the New Jersey
Hello, I am having an accounting firm handle the New Jersey Inheritance Tax Return, NJ Estate Tax Return, and Form 706 for my father's estate. The estimated total fee was estimated between $3,500 - $5… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
What are the pros and cons of investing in cryptocurrency
What are the pros and cons of investing in cryptocurrency (bitcoin, ethereum) versus more traditional things like mutual funds and real estate? What is important to consider while I decide whether cry… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
It is regarding wash sale rules for securities, would you be
It is regarding wash sale rules for securities, would you be able to help with this and how do I compensate you? … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
Believe it or not, I neglected about $400k of a roll over
believe it or not, I neglected about $400k of a roll over IRA money I had and left it in cash by accident for the last 18 months. I thought it was in a mutual fund, but was in cash. I didn't earn a di… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
IS THE openheimer muni bond fund, rmux, a closed end fund.
IS THE openheimer muni bond fund , rmux, a closed end fund. what is the difference from a cef and an open fund. what is difference a mutual fund and etf.… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My father recently passed away and I am trying to help my
My father recently passed away and I am trying to help my mother invest some of the $ she received from his insurance. She is not old enough to draw SSI and is looking for safe ways to make $ with the… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am 64 years old & plan to retire in 20018. I am a building
Hello, I am 64 years old & plan to retire in 20018. I am a building superintendent & live in a apt for free. when I retire I must move out. I have about 350K in savings w/ no debt. I am thinking of bu… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
We have an annuity and a rider. The rider allows us to
Hi. We have an annuity and a rider. The rider allows us to "reset" annually if the annuity amount grows and is higher than the previous reset value. ( This starts our contract agreement over - which i… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
I'm looking to purchase a couple of ETFs. What are the best
I'm looking to purchase a couple of ETFs. What are the best ones to get and how should I go about buying them?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Goldman Sachs (I'm not a client) recommends individuals use
Goldman Sachs (I'm not a client) recommends individuals use a put writing strategy as part of their portfolio in this market. They write a bunch of shortish term puts and then cycle through them. Does… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What's the "low down" or, scoop on the "26 (f) plan" for
What's the "low down" or, scoop on the "26 (f) plan" for investments? I am 75, currently getting SS payments and drawing from my SEP-IRA.… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Second opinion] I received a 1099-S for a temporary (2-year
Second opinion] I received a 1099-S for a temporary (2-year term) easement for 2700.00 so that my county could widen the road in front of my house. How should this income be reported in Turbo Tax? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
I am 58 years old and retired from the military in late
I am 58 years old and retired from the military in late 2014. My pension is enough to support my wife and I in our current standard of living. While in the military, I invested in the Thrift Savings P… read more
TaxRobin
TaxRobin
Senior Advisor
15,892 satisfied customers
I havew a question with regardds to tax on settlement funds
I havew a question with regardds to tax on settlement funds received. We are receiving a small settlement soon from a family medical malpractice case and I am seeking input on the best way of distribu… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
1). What are the tax implications of US Resident investing
1). What are the tax implications of US Resident investing in foreign shares directly vis a vis investing in foreign Mutual Funds?2). Which is a better option and why?3). How best to utilise it?4). Wh… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
43 satisfied customers
I have about 100 thousand to invest. I've been to two
I have about 100 thousand to invest. I've been to two financial planners who offered me returns of about 5 percent which would include some risk in the marketAs a teacher, I'm making 7 percent on my m… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x