Tag: Portfolio Strategy
Tax Alpha Unpacked: Strategy, Risk, and Reality with Brent Sullivan (Ep. 16)

Tax Alpha Unpacked: Strategy, Risk, and Reality with Brent Sullivan (Ep. 16)

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What if chasing tax savings is actually costing you more than you think?

In this episode, Rex Berger and Sam Diarbakerly sit down with Brent Sullivan, founder of Tax Alpha Insider, to unpack what tax alpha really means and where investors often get it wrong. From direct indexing and long-short strategies to ETF innovation and concentrated stock solutions, the conversation goes beyond surface-level benefits and into the real trade-offs. Brent shares why tax strategies should never lead the conversation, how complexity can quietly introduce new risks, and what thoughtful, planning-first investing actually looks like for high-net-worth families. This episode is a grounded look at how to balance opportunity, risk, and long-term wealth stewardship.

What to expect:

  • A clear breakdown of what tax alpha actually means in practice
  • The most common strategies being used today, including direct indexing and long-short
  • Why pre-tax investment rationale matters more than tax benefits
  • The hidden risks, complexity, and misconceptions investors should understand
  • How advisors think about implementing these strategies within a full financial plan
  • And more!

Connect with Sam Diarbakerly: 

Connect with Rex Berger: 

Connect with Brent Sullivan:

About our Guest:

Brent Sullivan is the founder and editor of Tax Alpha Insider, where he focuses on tax-aware investing, portfolio construction, and the evolving strategies shaping high-net-worth wealth management. With experience spanning PIMCO’s trading floor, software development, and venture capital, Brent brings a unique perspective to integrating tax awareness into investment decisions while keeping planning at the center.

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Unlocking Private Markets with Phil Huber of Cliffwater (Ep. 3)

Unlocking Private Markets with Phil Huber of Cliffwater (Ep. 3)

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Everyone has a private markets fund, what goes into selecting the best managers??

Phil Huber, Head of Portfolio Solutions at Cliffwater, joins the G360 Wealth Podcast to break down how private equity and credit can become practical investments for more than just the ultra-wealthy. 

He explains how interval funds are changing access, structure, and expectations for investors. This episode is a must-listen for anyone who wants to understand the next evolution of portfolio building.

Key Points:

  • How interval funds reduce the barriers to entry for investors with lower net worth by using accredited investor standards instead of qualified purchaser thresholds [00:02:40]
  • The size, structure, and risk profile of the $1.7 trillion direct lending market, and how it offers floating-rate, senior-secured loans with low interest rate exposure [00:08:11]
  • Why private equity-backed firms prefer direct lending—valuing speed, flexibility, and privacy over traditional bank lending—and how this justifies a yield premium [00:13:00]
  • How Cliffwater’s Direct Lending Index has shown consistent historical returns around 9.5%, with a 300–400 basis point premium over high-yield bonds [00:15:07]
  • The operational simplicity, lower minimums, daily NAV updates, and 1099 tax reporting advantages of interval funds over traditional private equity funds [00:25:12]
  • And more!

Resources:

Connect with Rex Berger: 

Connect with Phil Huber: 

About Our Guest: 

Phil is a Managing Director and Head of Portfolio Solutions for Cliffwater, based in their Chicago office. In this role, Phil leverages his prior experience as a wealth management CIO to produce and curate investment research, advise on product strategy and positioning for the firm’s growing platform, and help establish and strengthen relationships with the nation’s leading wealth management firms.

Prior to joining Cliffwater, Phil was the Chief Investment Officer for Savant Wealth Management. He earned a bachelor’s degree in finance from the Kelley School of Business at Indiana University. He is a CERTIFIED FINANCIAL PLANNER™ professional, has attained his Chartered Financial Analyst® (CFA®) designation, and is a member of the CFA Society of Chicago.

Phil has been featured in a number of notable media outlets, including The Wall Street Journal, The New York Times, InvestmentNews, CityWire RIA Magazine, and Bloomberg TV. From 2018-2020, he was named one of Investopedia’s Top Financial Advisors. Phil was also named CIO of the Year by RIA Intel in 2023.

Phil and his wife Christie live in the north suburbs of Chicago where they enjoy staying active and spending time with their two young children, Hannah and Owen. He is also a lifelong, die-hard professional wrestling fan.

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