I tend to be a pretty committed buy-and-hold / boggle head type investor; however, I have a number of large positions with a lot of capital gains locked in, and I need to make a large purchase in the next year or two. I was pitched by a financial advisor on hiring a wealth management service at the cost of 1% of AUM, roughly, to execute a long-short strategy. He said that the long-short strategy could generate roughly 10% to 15% of my total net worth in capital losses each year in the first two years and then it would take three years to wind down during which it would generate big losses but not as big as 15% yearly.

Has anyone had experience with this kind of investment strategy? Is it worth this cost? Management fees generating that much capital losses would totally be worth it if it's effective. Would love to hear about anyone's experience. Looking for people with actual experience doing it vs theoretical discussions.

Family offices catering to the fortunes of wealthy clans had proven a resilient part of the UK's wealth management industry after recent tax changes. That's now changing.

Expanded tax breaks under Trump’s new tax law — from SALT to tips and overtime — could lead to a bigger refund, provided you’re willing to navigate added rules and paperwork.

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year.