The importance of tax efficiency within your income portfolio – NEOS Investments – 11.19.24

Summary:

Options-based ETFs have been growing in popularity due to their ability to offer high income potential that’s less correlated to interest rates. However, it’s important to understand that the income offered by these ETFs is not always as it appears.

Understanding the tax implications and total return potential of your income-focused investments is crucial, which is why it’s more important than ever to know how to cut through the noise and evaluate options-based income ETFs for your clients.

We invite you to join options-based ETF pioneers and Co-Founders of NEOS Investments, Garrett Paolella and Troy Cates, for a discussion about:

• Pursuing high monthly income during times of declining interest rates
• The importance of tax efficient income for clients
• An overview of the NEOS suite of ETFs that seek high monthly income and tax efficiency across core portfolio exposures
• Considerations for implementing options-based income ETFs in client portfolios

Accepted for 1 CFP^® / IWI / CFA CE Credit

Speakers:

Garrett Paolella is an experienced financial services executive with an established track record of launching and managing asset management companies. He is a Co-Founder and Managing Partner at NEOS Investments, as well as portfolio manager to all NEOS ETFs. Throughout his career Mr. Paolella has been a pioneer in the options-based ETF space. Prior to NEOS Investments, he held C-level roles at Harvest Volatility Management, Horizons ETFs Management, and Recon Capital – a firm which he started and later sold to Mirae Asset Global Investments. Prior to those roles, Garrett was an Executive Director at MKM Partners, a Research, Sales and Trading Firm based in Stamford, CT. He holds a Bachelor of Science degree in Finance, Magna Cum Laude, from the Gabelli School of Business at Roger Williams University.

Troy Cates has over 25 years of trading and portfolio management experience, with a vast knowledge of both the equity and options markets. He is the Co-founder and Managing Partner of NEOS Investments. Troy has helped create, launch, and manage numerous options-based ETFs and investment firms throughout his career. Troy served as a Managing Director at Harvest Volatility Management where he helped manage and trade the firm’s institutional portfolios and ETFs, along with guiding the development of the firm’s exchange traded products. Prior to Harvest, Troy served as Managing Director, Head of Trading and Portfolio Manager at Horizons ETF Management U.S. and has enjoyed roles as Partner and Head of Trading at Recon Capital where he oversaw portfolio management and trading for all of the firm’s investment funds.

Previously, he was an Executive Director at MKM Partners where he was an institutional execution trader and helped launch the firm’s equity derivatives desk. Troy started his career working as a market maker at Spencer Trask, a NYC based venture capital firm. He holds a B.S. in Business Administration from SUNY Albany.

Keith Black has over thirty years of financial market experience, serving approximately half of that time as an academic and half as a trader and consultant to institutional investors. He currently serves as Managing Director of Education for RIA Channel. He previously served as the Managing Director of Curriculum and Exams for the CAIA Association. At Ennis Knupp + Associates, Keith advised foundations, endowments, and pension funds on asset allocation and manager selection strategies in hedge funds, commodities, and managed futures. Prior experience includes commodities derivatives trading, stock options research, Cboe floor trading, and building quantitative stock selection models for mutual funds and hedge funds.

Dr. Black has taught courses on traditional and alternative investments at the Illinois Institute of Technology and the University of Massachusetts. He contributed regularly to The CFA Digest and has published in The Journal of Wealth Management, The Journal of Trading, The Journal of Investing, and The Journal of Alternative Investments, among others. He is the author of the book “Managing a Hedge Fund,” and co-authored the second, third, and fourth editions of the CAIA Level I and Level II textbooks. His book “Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation” will be published by Wiley in Fall 2024. Dr. Black was named to the Institutional Investor magazine’s “Rising Stars of Hedge Funds” list in 2010.

Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology. He has earned the Chartered Financial Analyst (CFA) designation and was a member of the inaugural class of the Chartered Alternative Investment Analyst (CAIA) and Financial Data Professional (FDP) candidates. He has also earned the Certified Digital Asset Advisor (CDAA) designation.