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Money Matters by Allworth Financial

Beyond Index Funds: Advanced Tax Strategies, Direct Indexing & Smart Trust Planning

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7 • 839 Ratings

🗓️ 25 April 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

This episode of Money Matters explores advanced tax strategies that go beyond traditional investing to help high earners and retirees maximize efficiency, reduce taxes, and create smarter, more tax-efficient income streams. With Pat out this week, Scott and Allworth advisor Mark Shone break down how strategies like direct indexing, long/short investing, and tax-loss harvesting can unlock new opportunities—especially for those with larger, more complex portfolios. Plus, Scott and Allworth’s Head of Private Wealth Strategies, Simone Devenny, dive into trusts, from simple living trusts to more sophisticated estate planning tools. What You’ll Learn: -How direct indexing works—and when it can outperform traditional index funds -Strategies to generate tax losses and offset future gains -Smart ways to manage concentrated stock positions -How options strategies can help increase portfolio income -The key differences between revocable and irrevocable trusts (and when to use them) Join Money Matters:  Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0

Would you like an opinion on a financial matter you're dealing with?

0:08.9

Whether it's about retirement, investments, taxes, or 401Ks,

0:13.2

Scott Hansen and Pat McLean would like to help you by answering your call

0:16.6

to join Allworth's Money Matters.

0:19.0

Call now at 83399 Worth.

0:21.6

That's 83399 W-O-R-T-H.

0:25.8

Welcome to All-Worth's Money Matters, Scott Hanson.

0:29.1

Pat McLean is on his final week of vacation, so he'll be back next week.

0:35.3

But again, we've got Mark Shone joining us.

0:38.3

I've got such good feedback after the first two episodes that Mark did with us that I thought would have them on the third one here with a past council.

0:47.1

Let's do it again.

0:47.7

Yeah.

0:47.9

And also later in the program, I've got an interview with Simone Devaney talking about how to deal with complex trusts.

0:59.3

So if you have a trust, maybe even just a living trust, we're she going to go over some of the basis of trust and then some of the more complexities when they might make sense.

1:08.5

So I think you'll find it really helpful.

1:10.4

I enjoyed the conversation I had with Simone at you as well. So I think you'll find it really helpful. I enjoyed the

1:11.0

conversations I had with someone at you as well. So but with Mark, uh, I want to talk with Mark,

1:16.6

with you, Mark, um, thanks for again for joining us today about like moving beyond the index

1:24.4

and index funds is what I mean by that so if you think about uh you've been in

1:29.3

the industry as about as long as I have been so 30 plus years I'm still saying I've been in it since out

1:34.5

of college I've been in this industry a long time and when I first got started in the industry it was

1:40.8

all these actively managed mutual funds and your job is to pick the best mutual fund or whatever. But everything's moved to indexing. The vast majority of individual

...

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