An exchange fund can be worth the commitment if you have a low-cost-basis position, a high tax rate, and minimal liquidity needs. The fund lets you defer capital gains while achieving instant diversification across a basket of stocks. After seven years, you can redeem for a diversified portfolio while keeping your original cost basis. If you might need liquidity before the lockup ends, an exchange fund may not be the right fit.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
