Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth Many investors have highly appreciated stocks and ETFs they would like to diversify, simplify, or replace, but selling those investments can create a significant capital gains tax bill.In this episode, Tyler Emrick, CFA®, CFP®, discusses the 351 Exchange Strategy, a little-known tax-efficient planning opportunity that may allow investors to exchange appreciated stocks and ETFs into a diversified ETF without first selling and realizing capital gains taxes.Tyler covers:What a 351 Exchange is and how it worksThe difference between a 351 Exchange and a traditional exchange fundRules investors must satisfy before qualifyingWhich assets qualify and which assets do notETF eligibility requirementsHow highly appreciated ETF portfolios may be consolidated into a diversified ETFHow concentrated stock positions may fit into a 351 Exchange strategyThe potential benefits of reducing concentration risk without immediately triggering capital gains taxesHow 351 Exchanges compare to tax-aware long-short strategies and other tax-efficient diversification techniquesHave questions?Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals.http://bit.ly/calltruewealth Our website:  https://www.truewealthdesign.com/ Phone: 855.TWD.PLANContact our team: https://www.truewealthdesign.com/contact-a-financial-advisor/ Schedule your no-cost discovery call: http://bit.ly/calltruewealth Check out our other no-cost financial resources here: https://www.truewealthdesign.com/financial-resources/ Watch the show now on YouTube: https://www.youtube.com/channel/UCjENBHOti-IEJFqeydZm_Fg?sub_confirmation=1