Dana D'auria on tax strategy
From Episode 262 - The Power of Steady Advice in Unsteady Markets With Dana D’Auria · · Advisorpedia
“If you have somebody who's in like an SMA, for example, are you taking advantage of a time like this? There was no worse conversation I've heard in my career than clients in '08 who not only had their portfolios dropped dramatically but they had a tax bill. Those clients, it just so happened that what they were invested in had cap gain distributions that year and it's unfathomable almost how am I having this massive cap gain distribution when the portfolio lost all this money.”
On , Dana D'auria, Co-Chief Investment Officer & Group President of Envestnet Solutions at ENVESTNET INC, spoke about tax strategy during Episode 262 - The Power of Steady Advice in Unsteady Markets With Dana D’Auria on Advisorpedia.
About Dana D'auria
Dana D'Auria, co-chief investment officer and group president of Envestnet Solutions, has appeared on multiple financial news programs in 2024 and 2025 to discuss market conditions, tariffs, and the role of financial advisors. In May 2025, she stated that most investment professionals are advising clients to "stay the course" and avoid trying to time the market amid tariff-driven volatility. She described tariffs as a "consumption tax" that raises costs for consumers and said the breadth and magnitude of recent tariff announcements caught markets off guard. D'Auria expressed the view that the Federal Reserve has been "slow to act" and that it would be "premature" to assume a September 2025 rate cut, adding that the Fed would likely wait to see whether tariffs destroy demand or raise prices before cutting rates. D'Auria has also discussed the expansion of Envestnet's partnership with iCapital to include alternative investments, describing the goal as enabling advisors to manage public and private market assets through a single platform. She noted that demand is increasing for both structured products and alternatives, and that product innovations such as interval funds are making private markets more accessible to retail investors. In an April 2025 interview, she said that during volatile periods, clients want to hear from their advisor directly rather than from an algorithm, and that the future of advice lies in combining human insight with technology for better client outcomes.