Wealth Managers Market 'Tax Alpha' to Tech Fortunes

The AI boom is creating new Silicon Valley multimillionaires, according to a report by The Information. Wealth managers are promoting strategies such as direct indexing and tax-aware long shorting under the label 'tax alpha' to help minimize tax bills. Tax newsletter author Brent Sullivan received an urgent call last month from a longtime SpaceX employee sitting on substantial holdings. The article is titled 'Why Tax Alpha Is Silicon Valley’s New Obsession.'