Neuberger Custom Direct Investing (CDI)

Custom Direct Investing

Neuberger CDI is a Separately Managed Account (SMA) platform customizing equity portfolios to client specifications around tax liabilities, personal values, factor tilts and risk guidelines.

Neuberger Custom Direct Investing (CDI)

Custom Direct Investing

Neuberger CDI is a Separately Managed Account (SMA) platform customizing equity portfolios to client specifications around tax liabilities, personal values, factor tilts and risk guidelines.

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Overview

Why Custom SMAs?

Gain control over your client's tax experience based on their tax liabilities and tax rates
Capitalize on market volatility with year-round tax loss harvesting
Tailor your client's equity exposure around your client's stock concentration and personal values
Reduce the cost of change with personalized, tax-efficient transitions

Resources

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Neuberger Custom Direct Investing (CDI) Brochure

Take control of your investment experience

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Investor Profiles

How custom separately managed accounts (SMAs) may be able to solve investor needs

Modern Building abstract window reflections
The Value of SMAs

The potential benefits of custom SMAs

Resources

Modern Building abstract window reflections
Neuberger Custom Direct Investing (CDI) Brochure

Take control of your investment experience

Modern Building abstract window reflections
Investor Profiles

How custom separately managed accounts (SMAs) may be able to solve investor needs

Modern Building abstract window reflections
The Value of SMAs

The potential benefits of custom SMAs

Tax-Managed

The Case for Tax-Managed Long/Short Investing

Tax optimization strategies, particularly systematically deferring capital gains and harvesting capital losses, are critical tools for maximizing after-tax wealth over time. Traditionally, these strategies have been applied to long-only equity portfolios.

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Neuberger Custom Direct Investing (CDI) for Canadian Investors

Watch the video for an overview of custom direct investing and the potential benefits of SMAs

Tax-Managed
The Case for Tax-Managed Long/Short Investing

Tax optimization strategies, particularly systematically deferring capital gains and harvesting capital losses, are critical tools for maximizing after-tax wealth over time. Traditionally, these strategies have been applied to long-only equity portfolios.

Capabilities

Neuberger CDI Investment Experience

Reporting and Service

The Neuberger CDI platform offers a wide array of resources to improve the client investment experience.

Monthly After-Tax Reporting

Monthly client reports detailing after-tax experience. Household reporting and wash sale coordination available for clients with multiple accounts.

Tax Transition Analysis

Analyze the tax impact and risk implications of transitioning assets in-kind transfer vs. cash funding.

Charitable Gifting Analysis

Help clients maximize charitable gifting efforts while managing risk.

Personal Values Reporting

Transparent detail of how client's personal values have been implemented in the investment portfolio.

Related Insights

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For more information, contact your advisor

Investment strategies that seek to enhance after-tax performance may be unable to fully realize strategic gains or harvest losses due to various factors. Market conditions may limit the ability to generate tax losses. A tax-managed strategy may cause a client portfolio to hold a security in order to achieve more favorable tax treatment or to sell a security in order to create tax losses. A tax loss realized by a U.S. investor after selling a security will be negated if the investor purchases the security within 30 days. Although the team seeks to avoid “wash sales” whenever possible and temporarily restricts securities it has sold at a loss to prevent them, a wash sale can occur inadvertently because of trading by a client in an account not managed as a tax-managed account. A wash sale may also be triggered when the team has sold a security for loss harvesting and shortly thereafter the firm is directed by the client to invest a substantial amount of cash resulting in a repurchase of the security.

Tax Alpha is defined as net after-tax excess returns minus net pre-tax excess returns. Excess returns are portfolio returns minus benchmark returns.

The consideration of wash sales pursuant to Internal Revenue Code 1091 is limited to any activity or ownership in the relevant tax-managed account only and does not consider any ownership or transactions that may occur in other accounts whether held at Neuberger Berman or elsewhere. Neuberger Berman does not provide legal or tax advice. Please consult with your tax advisor to determine the implication of this and any other investment accounts.

Neuberger Berman Canada ULC is a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended. In Canada, Neuberger Berman Canada ULC is registered as: (i) a portfolio manager and exempt market dealer in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan, (ii) an investment fund manager in Ontario and Québec, and (iii) a commodity trading manager in Ontario.

Neuberger Berman Investment Advisers LLC is a registered investment adviser. The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.