SF advisory launches investment-transition service

FWR Staff

12 September 2007

Baker Street Advisors wants to help investors move from high-fee portfolios. Investment advisory Baker Street Advisors has launched a new service called Taxable Transition Management (TTM) that's meant to help individual investors shift smoothly from high-fee, high-tax, high-risk stock portfolios to index-oriented portfolios with lower fees, lower taxes, and less risk.

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"Investors have been given a 'bad wrap' by the big Wall Street firms for too long," says Baker Street's founder and head of family wealth management Jeff Colin. " can help free investors from high-fee wraps in a tax-smart way, providing a service that, we believe, will lead to a lower price.

Baker Street's TTM is also intended to help clients who are exiting Exchange Funds, a once-popular vehicle that allows investors to contribute low-basis stock to a fund in exchange for an interest in that fund.

The service uses advances in technology (such as the ability to transfer stock cost basis data) with tax-aware asset management to allow access to two forms of incremental investment performance in the form of lower fees and lower taxes.

San Francisco-based Baker Street manages more than $3 billion, mainly for high-net-worth investors. -FWR

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