Full Disclosures
General Disclosure; No Advisory Relationship
MayTech Global Investments is a registered investment adviser. Registration as an investment adviser does not imply any specific level of skill, training, or endorsement by the U.S. Securities and Exchange Commission or any state securities regulator. The information contained on this website (the “Site Content”), including material relating to the Section 351 Exchange, is provided for general educational and informational purposes only. It is not individualized investment advice and does not take into account the investment objectives, financial situation, tax status, or particular needs of any specific person. Nothing on this website creates an advisory, fiduciary, or other client relationship between you and MayTech. Such a relationship is established only upon execution of a written investment advisory agreement with MayTech.
Not Tax or Legal Advice
The Section 351 Exchange strategy described on this website involves complex concepts under the Internal Revenue Code and related regulations. MayTech is not a law firm or accounting firm, and its personnel do not provide tax or legal advice. Tax laws are complex, change frequently, and apply differently depending on individual facts and circumstances. Nothing on this website should be relied upon as tax or legal advice or as a substitute for advice from a qualified professional. Before pursuing a Section 351 Exchange or any other strategy discussed on this site, consult your own tax advisor, accountant, and/or attorney regarding your specific situation.
Illustrative Examples
Charts, comparisons, and numerical examples on this website — including any illustration comparing the sale of appreciated securities to completion of a Section 351 Exchange — are hypothetical, provided solely for illustrative purposes, and do not reflect the actual experience, holdings, or results of any client or investor. Such examples rely on assumed inputs (for example, portfolio value, cost basis, unrealized gain, and an assumed long-term capital gains tax rate) that may not correspond to your circumstances. A Section 351 Exchange defers, but does not eliminate, capital gains tax; deferred tax generally remains payable upon a future taxable event. Actual tax treatment and outcomes depend on individual facts, applicable law, and other variables, and may differ materially from any example shown. Examples have inherent limitations and are not a guarantee, projection, or prediction of future or actual results.
Section 351 Exchange and Exchange Fund Risks
A Section 351 Exchange typically involves contributing appreciated securities to a corporation, partnership, or pooled investment vehicle (which may include an exchange-traded fund or similar structure) in exchange for an equity interest. This strategy carries risks and limitations that should be carefully considered and reviewed with qualified advisors, including, without limitation:
• Loss of intended tax treatment if diversification, control, or other requirements under Section 351 and applicable IRS guidance are not satisfied;
• Limited liquidity and multi-year lock-up or holding periods commonly associated with exchange funds;
• Reduced control over the timing, manner, and tax consequences of any future disposition of the contributed securities;
• Concentration, market, and other risks associated with the underlying pooled vehicle and its holdings;
• Fees, expenses, and other costs associated with the structure, which will reduce returns;
• The possibility that future changes in tax law could reduce or eliminate the anticipated benefits of the strategy; and
• Deferred taxes remain a liability and generally become payable upon redemption, sale, or another taxable event.
A Section 351 Exchange will not be appropriate for every investor. Suitability depends on individual facts and circumstances and should be evaluated together with qualified tax, legal, and financial professionals.
No Offer or Solicitation
Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security, investment product, or advisory service, in any jurisdiction in which such offer or solicitation would be unlawful. Any offering of interests in an exchange fund or similar vehicle referenced on this site would be made, if at all, only pursuant to definitive offering documents, which contain important information about risks, fees, and other terms and should be read carefully before making any decision.
2.6 References to Third-Party Custodians and Broker-Dealers
References on this website to third-party custodians, broker-dealers, or platforms (including, without limitation, Charles Schwab, Pershing, and Interactive Brokers) are for general informational purposes only. Unless otherwise disclosed, MayTech is not affiliated with, and does not receive compensation from, these firms in connection with such references, and no endorsement of MayTech by these firms, or of these firms by MayTech, should be inferred. Broker-specific processes, timelines, and requirements are subject to change without notice; confirm current procedures directly with the applicable firm.
No Guarantee; Forward-Looking Statements
Statements on this website describing potential benefits, advantages, or outcomes of any strategy (including statements using words such as “may,” “can,” “potential,” “allows,” or similar terms) are forward-looking and are not guarantees of future performance or tax treatment. All investing involves risk, including possible loss of principal, and there is no assurance that any
strategy, including a Section 351 Exchange, will achieve its intended objective or produce a favorable tax result.
Accuracy; No Warranty
While MayTech believes the Site Content to be reliable, we do not guarantee its accuracy, completeness, or timeliness, and it is subject to change without notice. This website and its content are provided “as is” and “as available,” without warranties of any kind, express or implied.
Registration and Jurisdiction
MayTech Global Investments may transact business, or render personalized investment advice, only in those states and jurisdictions in which it is properly registered or exempt from registration. Contacting MayTech through this website does not guarantee the availability of services in your jurisdiction. A copy of MayTech's current Form ADV Part 2A disclosure brochure, describing our advisory services, fees, and conflicts of interest, is available upon request and at adviserinfo.sec.gov.
Contacting Us
Communications submitted through this website, including email to individual team members, are not secure and should not be used to transmit confidential, sensitive, or account-specific information. Submitting an inquiry through this website does not create an advisory relationship with MayTech; such a relationship is established only upon execution of a written investment advisory agreement.