Tax Considerations in Private Wealth Management

As a financial advisor, you are tasked with managing a high-net-worth individual's investment portfolio. The client is contemplating various investment strategies and has expressed concerns about the tax implications related to capital gains, dividends, and interest income. Additionally, they are interested in strategies to enhance tax efficiency within their portfolio while maintaining the desired risk and return profile.

Discuss the key tax considerations you would address in the investment management process for this client. Include specific investment vehicles or strategies that can help mitigate tax liabilities, and explain how these considerations may affect the overall investment strategy.