Tax-Efficient Investment Strategies for High-Net-Worth Individuals

Emma is a tax advisor assisting her high-net-worth client, Richard, in managing his investments while maximizing tax efficiency. Richard has a substantial portfolio that includes stocks, bonds, and real estate investment trusts (REITs). He is particularly concerned about the taxable income generated from these investments and seeks to understand various strategies to mitigate his tax liability.

Considering the tax implications of Richard's investment portfolio, Emma is evaluating options to advise him.