Nucleus is a branded referral program operated by Vise AI Advisors, LLC (“Vise”), an investment adviser registered with the U.S. Securities and Exchange Commission. Nucleus is not a separate legal entity or investment adviser. All referral activities conducted through Nucleus are conducted by Vise. Any investment advisory services offered by a third-party investment adviser are provided by that adviser pursuant to a separate agreement with its clients. Registration with the SEC does not imply a particular level of skill or training.
Images and graphs on this page are for illustrative purposes only. Does not represent actual client results. Past performance does not guarantee future results.
Tax-Loss Harvesting Disclosures
For illustrative purposes only. Hypothetical model performance. The figures shown are model-derived hypothetical performance generated from Vise backtests and simplified assumptions, not actual trading results. Hypothetical performance has inherent limitations, including that it is prepared with the benefit of hindsight and does not reflect the impact of risks and uncertainties of actual investing. These illustrations are intended to demonstrate how different strategies may behave under a set of simplified assumptions. They are not a projection or prediction of actual results, do not constitute investment, tax, or legal advice, and do not reflect the actual performance of any Vise portfolio or client account. Actual results will vary, and may vary materially, based on market conditions, timing, your individual circumstances, and other factors. Past performance is not a guarantee of, and is not indicative of, future or present results.
Methodology and key assumptions. Projected values are generated by compounding quarterly over the selected time horizon, using the following simplified assumptions: an assumed gross annual return based on the selected market outlook (Bearish 4%, Neutral 8%, Bullish 12%); a tax-loss-harvesting adjustment for that same outlook, since declining markets present more losses to harvest and steadily rising markets present fewer (harvesting is scaled by approximately 1.10x for Bearish, 1.00x for Neutral, and 0.85x for Bullish); a federal long-term capital gains rate of 23.8%, including the net investment income tax, with no state tax applied; estimated annual management fees and an assumed return premium that differ by strategy (Direct Indexing, a 0.35% fee and no premium; Long Short 130/30, a 0.60% fee and an assumed 0.75% premium); and estimated tax-loss harvesting yields taken from a cash-backtested model of historical results for each strategy, with harvested losses banked as a carry forward that offsets the gain realized when the position is sold. A one-time tax on the remaining gain, net of harvested-loss offsets, is applied at the end of the period.
Scope of the model. These illustrations model a diversified portfolio whose cost basis equals its starting value. They do not model a concentrated single-stock position, an embedded-gain haircut on harvesting capacity, or any strategy other than the two shown. The S&P 500 comparison assumes no management fee and no harvesting and is shown gross of fund fees, which flatters the benchmark rather than Vise. Figures are estimates chosen for illustration, are not guaranteed, and do not account for transaction costs, financing costs, wash-sale limitations, or every fee you may incur. Backtested performance is hypothetical, does not represent actual trading or any client account, and has inherent limitations.
Tax treatment depends on your individual circumstances and may change. Consult a qualified tax and investment professional before making any decisions. Vise is an SEC-registered investment adviser; registration does not imply a certain level of skill or training.
Vise AI Advisors, LLC (“Vise”) is an SEC-registered investment adviser. The material presented is for informational purposes only and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Nothing on this website should be construed as personalized investment advice, which can only be provided in one-on-one communications. Investing in securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes and may not reflect actual future performance.
Product images shown are for informational and illustrative purposes only and may not reflect how they will appear within the product. Third-party trademarks and service marks referenced are the property of their respective owners.
© 2026 Vise | Vise is a registered trademark of Vise Technologies, Inc.
