New custodial relationship keeps the tax-aware strategy within reach of more clients as minimums elsewhere in the industry climb to $10 million
Vise, the AI-powered wealth platform that delivers personalized portfolios at scale, today announced that advisors can now run Vise Long Short in client accounts held at Interactive Brokers. The expansion comes as several of the industry's largest custodians have raised minimums or paused new accounts for tax-aware long short strategies, leaving many advisors to reserve the strategy for only their largest relationships.1
Vise Long Short is an extension of direct indexing. The portfolio holds a core of stocks expected to outperform and adds a short position in stocks expected to lag, while overall market exposure stays at 100% net long. The objective is a higher pre-tax return at market-level risk. Because the portfolio holds both long and short positions, some of those positions trade at a loss in any market environment, and the daily tax-loss harvesting that runs on every Vise account is designed to capture those losses as they occur, including in rising markets where long-only portfolios offer little to harvest. Advisors often use this strategy for clients with large embedded gains: a concentrated stock position, a business sale, or a real estate liquidation.
“Long short has been treated as a product for a select few. The problem it addresses is not. Plenty of clients are sitting on a concentrated position or a large embedded gain,” said Samir Vasavada, Co-Founder and Co-Head of Vise. “Our job is to make sure advisors can use the right strategy for the client in front of them, managed the same way wherever the account is held.”
On Interactive Brokers, advisors can implement Vise Long Short at all four leverage levels, from 130/30 to 250/150, including the higher leverage levels that new accounts can no longer open at some of the largest custodians. Onboarding is fully digital, and an advisory firm new to Interactive Brokers can typically be up and running in about two weeks. Interactive Brokers integrates with the major portfolio reporting and management platforms advisors already use, so adding it as a custodian does not mean changing the rest of the stack.
Interactive Brokers joins Charles Schwab, Fidelity, Goldman Sachs Custody Solutions, Raymond James, TradePMR, and Altruist as custodians supported on the Vise platform. Long Short runs alongside a client's other Vise strategies, with daily tax-loss harvesting and wash-sale screening across every account that shares a tax ID. As of October 2026, the Vise platform holds more than $160 billion in platform assets across hundreds of advisory firms and 245,000+ accounts.2
Vise Long Short is available on Interactive Brokers today. Firms without an existing Interactive Brokers relationship can request an introduction through their Vise team.
1 Bloomberg, “Schwab Again Raises Limits for Tax-Aware Long-Short Accounts,” Sept. 2, 2026; WealthManagement.com, “Schwab Raises Minimum to $10M for Long-Short Accounts,” Sept. 3, 2026; InvestmentNews, reporting in February 2026 that Fidelity had indefinitely paused new assets into long-short separately managed accounts. |
| 2 Vise "Platform Assets" collectively encompasses assets actively managed by Vise as well as assets that Vise aggregates, monitors, and uses to generate customized proposals. |
About Vise
Vise Technologies, Inc. is a registered investment advisor and technology platform that delivers personalized portfolios at scale across nearly every asset class and strategy. The firm’s mission is to enable financial advisors to deliver better investment outcomes to their clients while scaling their firms to their maximum potential. Leveraged by leading wealth firms, Vise empowers advisors to provide better investment outcomes while saving advisors’ time, reducing costs, and enabling better client relationships. Vise is headquartered in New York. To learn more about how Vise aims to revolutionize the future of wealth management visit www.vise.com.
Disclosures
Vise AI Advisors, LLC (“Vise”) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of Vise by the Commission. The information set forth herein is intended to be informational in nature and is not intended to be investment advice. Please consult with a qualified professional advisor for advice specific to your situation. All investing involves risk, including the risk of loss of invested principal. Past performance is not an indicator of future results.
Vise Long Short uses margin and short selling, which involve additional risks and costs, including financing costs, the possibility of margin calls, and losses on short positions. The strategy is available for taxable accounts only. Tax-loss harvesting may reduce, but does not eliminate, tax liability, and tax treatment may vary based on individual circumstances. Please consult a qualified tax professional regarding your specific situation. Due to the complexity of tax law, not every taxpayer will face the situations described herein exactly as stated; the examples are intended to be representative of some, but not all, taxpayers. Account minimums, leverage levels, and custodian availability are subject to change and may be subject to additional custodian requirements and approvals.
Interactive Brokers is an independent custodian and broker-dealer and is not affiliated with Vise. Vise does not provide custody services. The custodians named are listed for informational purposes and do not endorse Vise or its strategies.
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