At WAM, we can directly manage, or advise upon, all forms of taxable and tax-deferred investment accounts. This means the following:
- Taxable Accounts: those accounts in which all income, including dividends, interest and capital gains are subject to current taxation.
- Individual and Joint Accounts
- Custodial Accounts
- Corporate Accounts
- Trusts
- Retirement Accounts: those accounts in which all income, including dividends, interest and capital gains are deferred until withdrawals are made during retirement, or eliminated altogether.
- Traditional IRA’s
- Rollover IRA’s
- Roth IRA’s
- SEP / Simple / Profit Sharing Pension Accounts
- 401(k), 403(b) and 457 Accounts
Within the accounts, we can invest in almost any type of security, using almost any type of strategy, that you would like to employ. We tend to manage taxable accounts more aggressively than the retirement accounts. The principal reason is that within the taxable account, should you incur a loss, that loss can be used to reduce your gains for tax purposes. In other words, there can be a “value” to harvesting those losses. In retirement accounts, on the other hand, a loss is just a loss. Therefore, we tend to be more conservative with our investment choices in retirement accounts.
The following is a list of securities that can be used by WAM, in any combination, to construct its portfolios:
- Common Stocks
- Preferred Stocks
- American Depository Receipts (ADR’s)
- Exchange Traded Funds (ETF’s)
- Real Estate Investment Trusts (REIT’s)
- Master Limited Partnerships (MLP’s)
- Business Development Corporations (BDC’s)
- Mutual Funds
- Fixed Income Securities (Government/Agency/Corporate)
- Private Equity and Debt Investments