Webinar Firm-wide

The Tax-Smart Transition: How Section 351 Exchanges Are Reshaping Portfolio Management

From legacy SMAs to concentrated equity positions, more advisors are turning to Section 351 exchanges as a tax-efficient path forward. This panel of legal, technology, and investment experts explores the mechanics, process, and practical considerations.

RIAC - 351 Webinar Replay_retail

Key takeaways

01

Tax-efficient portfolio transitions

Section 351 exchanges allow advisors to move legacy SMAs and concentrated equity positions into a fund structure without triggering immediate capital gains.

02

Practical mechanics

Understanding the step-by-step process, documentation requirements, and timeline for executing a Section 351 exchange.

03

Advisor considerations

Key factors advisors should evaluate when determining whether a 351 exchange is appropriate for their clients’ situations.

04

Growing adoption

Why more advisors are turning to Section 351 exchanges as a tax-smart path forward for portfolio restructuring.

Topics discussed

Section 351 Exchange Mechanics

How Section 351 of the Internal Revenue Code enables tax-deferred transfers of securities into a fund.

Legacy SMA Transitions

Moving from individually managed separate accounts to a diversified fund structure without triggering taxable events.

Concentrated Positions

Strategies for advisors helping clients with concentrated equity holdings seek tax-efficient diversification.

Process & Implementation

The practical steps, legal requirements, and timeline involved in executing a successful 351 exchange.

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Disclosures

This presentation has been prepared by Polen Capital without taking into account individual objectives, financial situations or needs. It is for informational purposes only and should not be relied on as legal, tax, business, investment, accounting, or any other advice. Investing involves inherent risks. Past performance is not indicative of future results.

No statement herein should be interpreted as an offer to sell or the solicitation of an offer to buy any security. Tax considerations are complex, and individual results will vary. Investors should consult their own tax advisor regarding the potential tax consequences of any investment.

Specific securities mentioned are for illustrative purposes only and do not represent all securities purchased, sold, or recommended.

Polen Capital Management, LLC is an independent registered investment advisor.

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