November 2025
Editor’s Note: This is a redacted copy of the monthly Gridline newsletter. To receive more content like this in full, subscribe to our newsletter on the bottom of the Resources page.
Tax-Loss Harvesting: Scaling Discipline Creates a Hallmark Experience for Clients
For many RIAs, Q4 isn’t just another quarter. It’s when preparation and process combine to create a hallmark of advisor excellence.
In his latest article, Doug Dougherty, Senior Advisor at Gridline, shares how top firms are transforming tax-loss harvesting (TLH) from a reactive year-end task into a proactive, system-driven discipline that adds measurable after-tax value.
Here’s how leading advisors are evolving their approach:
- Monitoring continuously to capture opportunities year-round
- Integrating TLH with rebalancing to avoid unnecessary gains
- Pairing TLH with giving strategies to maximize efficiency
- Applying advanced tactics like direct indexing and ETF models
- Building stronger infrastructure to connect data, trading, and reporting for consistent execution
New Podcast: AI, Access, and the Future of Private Markets
Gridline CEO, Logan Henderson, joined Avidian Wealth Solutions CIO, Jake Borbidge, on the Ask Avidian podcast to discuss how AI, infrastructure, and transparency are redefining advisor access to private markets. Tune in
What’s on the Minds of Chief Investment Officers?
Insights from Gridline’s recent CIO Roundtable
Advisors and CIOs are navigating an inflection point in private markets. Opportunity is growing, but so is complexity. In our latest roundtable, three themes stood out:
Private Equity: CIOs are drilling deeper into valuation discipline, and beginning to see a valuation gap open up between smaller firms with less than $25MM of EBITDA (or operating profits) and larger platforms above that mark.
Secondaries & Continuation Vehicles: CIOs are seeing a lot of activity in the secondary space but have varied return expectations, particularly for firms specializing in continuation vehicles (CVs). Because CVs are fairly new to the broader market, there is less data to rely upon for projecting performance.
Hedge Funds: Quietly regaining relevance. CIOs are re-evaluating where hedge fund strategies fit in portfolios, especially for uncorrelated exposure in today’s environment.
Worth a Read: Hamilton Lane’s October Quarterly Market Brief
Hamilton Lane’s Quarterly Private Markets Brief strikes an optimistic tone, signaling that while activity remains below peak levels, the storm is starting to clear. With rate cuts on the horizon and deal flow slowly returning, the question is: can the recovery hold amid continued economic and policy uncertainty?