Merrill has announced the launch of Tax Efficient Transition Service (TET) and Dollar Cost Averaging Service (DCA), new services that combine automation with professional portfolio oversight to help clients simplify asset transitions and cash deployment into managed or custom managed investment strategies in the Merrill Lynch Investment Advisory Program (IAP). Together, these services help clients navigate portfolio transitions with greater ease, consistency and alignment to long-term investment plans.
TET is designed for clients who hold appreciated securities and want to move into a managed or custom managed investment strategy in IAP. The service provides a structured tax-efficient approach to transitioning assets over time, helping clients move toward their target allocation and selected investment strategy, while managing the realization of capital gains. Through the TET service, assets can be invested into the selected investment strategy gradually over time rather than
