Long Short
Generate 11x as many losses as traditional tax loss harvesting
Generate 11x as many losses as traditional tax loss harvesting
Direct indexing with a short extension that harvests tax losses on both sides of the market.
Direct indexing with a short extension that harvests tax losses on both sides of the market.

Generate more tax returns
Seeks to potentially generate +3% tax alpha than direct indexing.
Lower minimums
Get started with only $250K, compared to $1M minimums with certain others.
Tax-efficiency with flexibility
Maintain tax efficiency while retaining daily liquidity and portfolio flexibility.
Built by
industry experts
Built by industry experts
Built by industry experts
Vise invests in the talent and expertise it takes to bring leading strategies to every advisor's practice.
Vise invests in the talent and expertise it takes to bring leading strategies to every advisor's practice.


Andy Waisburd
Co-Head of Investment Strategies
Andy spent the bulk of his career at Invesco, where he founded and ran their dedicated indexing business, led global portfolio management for their quantitative strategies group, and served as US Director of Research for their active quant business. He holds a PhD in Finance from Indiana University.
PREVIOUSLY AT



Andy Waisburd
Co-Head of Investment Strategies
Andy spent the bulk of his career at Invesco, where he founded and ran their dedicated indexing business, led global portfolio management for their quantitative strategies group, and served as US Director of Research for their active quant business. He holds a PhD in Finance from Indiana University.
PREVIOUSLY AT

How does it work?
How does it work?
Have a concentrated position?
Long Short is built for moments when a large tax event is on the horizon, whether that is a concentrated stock position, a business sale, or a real estate liquidation.
The more concentrated the position, the more value Long Short can deliver. By generating losses on both sides of the market from day one, it gives you a tax-efficient path to diversification.

For illustrative purposes only. Does not represent actual client results.
Have a concentrated position?
Long Short is built for moments when a large tax event is on the horizon, whether that is a concentrated stock position, a business sale, or a real estate liquidation.
The more concentrated the position, the more value Long Short can deliver. By generating losses on both sides of the market from day one, it gives you a tax-efficient path to diversification.

For illustrative purposes only. Does not represent actual client results.
Have a concentrated position?
Long Short is built for moments when a large tax event is on the horizon, whether that is a concentrated stock position, a business sale, or a real estate liquidation.
The more concentrated the position, the more value Long Short can deliver. By generating losses on both sides of the market from day one, it gives you a tax-efficient path to diversification.

For illustrative purposes only. Does not represent actual client results.
Run the numbers yourself with our calculator
With Long Short, a portfolio of $1M could generate a return of $2,384 over 5 years
With Long Short, a portfolio of $1M could generate a return of $2,384 over 5 years
See how Vise compares
for your tech stack.
We help people solve for
selling real estate
selling a business
concentrated stock positions

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX ALPHA
100bps
EXIT CONCENTRATION
8%
We help people solve for
selling real estate
selling a business
concentrated stock positions

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%
We help people solve for
selling real estate
selling a business
concentrated stock positions

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%

PROFILE
Age
27
Occupation
Software Engineer
Portfolio Value
$750K
Concentration
33%
PROFILE
Sammie is a software engineer at Google with $250K in GOOGL from RSU vests over 5 years. Half of that is unrealized gains. She knows the concentration is risky but won't sell because the tax bill wipes out years of savings. Every earnings cycle she holds her breath and does nothing.
STRATEGY
Vise builds a 130/30 long-short direct index around her locked GOOGL position, generating losses daily from the short book. Those losses offset gains as GOOGL is sold in tax-efficient tranches over 5 years, with a $0 annual tax budget. She diversifies without writing a check to the IRS.
LEVERAGE
130/30
TIME HORIZON
5 YEARS
TAX LOSS HARVESTED
$2,480
TAX
ALPHA
100bps
EXIT CONCENTRATION
8%
Frequently asked questions
What's the minimum to get started?
How does shorting generate tax losses?
What leverage options are available?
How does this affect my client's 1099?
Can clients fund with existing holdings?
The portfolio you'd build for your biggest client.
For every client.
1 Vise "Platform Assets" encompasses assets actively managed by Vise as well as assets that Vise aggregates, monitors, and uses to generate customized proposals. As of 6/1/2026.
2 This calculation is based on total realized losses as of 12/15/25 and assumes a long-term capital gains tax rate of 20% and a short-term capital gains tax rate of 41%.
3 Source: Cerulli Associates, U.S. Asset and Wealth Management Edition, 2021.
Tax-Loss Harvesting Disclosures
Vise AI Advisors, LLC (“Vise”) is an SEC-registered investment adviser. The material presented is for informational purposes only and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Nothing on this website should be construed as personalized investment advice, which can only be provided in one-on-one communications.
Investing in securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes and may not reflect actual future performance.
Product images shown are for informational and illustrative purposes only and may not reflect how they will appear within the product. Third-party trademarks and service marks referenced are the property of their respective owners.
© 2026 Vise | Vise is a registered trademark of Vise Technologies, Inc.
The portfolio you'd build for your biggest client.
For every client.
1 Vise "Platform Assets" encompasses assets actively managed by Vise as well as assets that Vise aggregates, monitors, and uses to generate customized proposals. As of 6/1/2026.
2 This calculation is based on total realized losses as of 12/15/25 and assumes a long-term capital gains tax rate of 20% and a short-term capital gains tax rate of 41%.
3 Source: Cerulli Associates, U.S. Asset and Wealth Management Edition, 2021.
Tax-Loss Harvesting Disclosures
Vise AI Advisors, LLC (“Vise”) is an SEC-registered investment adviser. The material presented is for informational purposes only and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Nothing on this website should be construed as personalized investment advice, which can only be provided in one-on-one communications.
Investing in securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes and may not reflect actual future performance.
Product images shown are for informational and illustrative purposes only and may not reflect how they will appear within the product. Third-party trademarks and service marks referenced are the property of their respective owners.
© 2026 Vise | Vise is a registered trademark of Vise Technologies, Inc.
The portfolio you'd build for your biggest client.
For every client.
1 Vise "Platform Assets" encompasses assets actively managed by Vise as well as assets that Vise aggregates, monitors, and uses to generate customized proposals. As of 6/1/2026.
2 This calculation is based on total realized losses as of 12/15/25 and assumes a long-term capital gains tax rate of 20% and a short-term capital gains tax rate of 41%.
3 Source: Cerulli Associates, U.S. Asset and Wealth Management Edition, 2021.
Tax-Loss Harvesting Disclosures
Vise AI Advisors, LLC (“Vise”) is an SEC-registered investment adviser. The material presented is for informational purposes only and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Nothing on this website should be construed as personalized investment advice, which can only be provided in one-on-one communications.
Investing in securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes and may not reflect actual future performance.
Product images shown are for informational and illustrative purposes only and may not reflect how they will appear within the product. Third-party trademarks and service marks referenced are the property of their respective owners.
© 2026 Vise | Vise is a registered trademark of Vise Technologies, Inc.

