Regarding Tax Managed Investing

Has anyone tried Direct Indexing through a Tax-Managed SMA (Separately Managed Account)? I'm interested in knowing what portfolio performance has looked like after fees, taxes, and withdrawals for income. Also curious whether people have managed to produce tax alpha over long periods of time because I'd assume cost basis of securities shall reduce hence diminishing opportunities. Correct me if I'm wrong. submitted by /u/Radiant-Cloud92 [link] [comments]