Optimal Wealth Management Strategies to Minimize Taxes

John and Mary are high-net-worth individuals looking to optimize their investment strategy while minimizing their overall tax liabilities. John has a considerable capital gains exposure from investments in stocks, while Mary is a business owner with substantial income from her company. They seek guidance on the best approach to manage their after-tax returns effectively.

After reviewing their current financial situation, their financial advisor presents several options to consider regarding their investments. One critical focus is how capital gains tax can affect their investment decisions over time.

Given this context, which of the following strategies should John and Mary prioritize to minimize their tax burden in their wealth management plan?