Nuveen has launched the Nuveen Tax Advantaged Balanced portfolio, which combines investment-grade municipal bonds and equities, featuring regular monitoring for automated tax-loss harvesting and rebalancing opportunities across both asset class sleeves. Portfolio managers from Nuveen, will manage the bond allocations. The multi-asset approach in a single account allows investors to benefit from comprehensive tax management across the entire portfolio while aligning closely with personal client preferences.

Also launching is the Nuveen Tax AdAdvantaged Large Cap portfolio, an equity-only, tax-efficient solution that seeks to closely mirror the performance of a specific stock market or custom index and meet clients' desired portfolio goals ranging from concentrated position management to tax preferences, investment interests and ESG preferences. Both strategies are available on the Schwab Managed Account Marketplace platform and were developed through a strategic partnership with Brooklyn Investment Group, which leverages cloud-based technologies to deliver personalized direct indexing portfolios at scale. With the addition of the Nuveen TaxAdvantaged Balanced and Tax Advantaged Large Cap portfolios, Nuveen now manages a total of 52 SMA strategies with $71.3 billion in assets.

SMA AUM Projected to Increase 80% by 2026. These strategies also deliver client service benefits designed specifically to help financial professionals build stronger relationships; such benefits include detailed reporting and cost efficiency, compared to traditional active management, in addition to tax-aware management.