URGENT — Doors Close at Noon ET: 1 CFP CE Credit on the 351 Exchange
Doors close in under 2 hours. At noon ET today I’m going live with Phil Toews and Eben Burr on the 351 Exchange — the cleanest, fully legal way to diversify a concentrated, low-basis equity position without writing a check to the IRS. CFP® professionals earn 1 CE Credit for attending the full hour. This is not a sales pitch. This is the playbook.
REGISTER NOW — STARTS AT NOON ET →
WHY THIS HOUR, WHY TODAY
Every advisor I talk to has the same client. The one with $2M in NVDA. The one with 40% of net worth in employer stock. The one with a 1990s low-basis position they refuse to sell because “the taxes will kill me.”
You already know exchange funds. Three-year lockups. Limited partnerships. Underwhelming portfolios. Most of your clients walk.
The 351 Exchange is different. Tax-deferred. ETF-based. Liquid on day one. And in the right hands, it closes in three weeks.
The two guys who actually run these — Phil Toews and Eben Burr at Toews Asset Management — are walking through the live mechanics today. Standard versus Syndicated. The 25/50 diversification rules. The contribution paperwork. The behavioral framing that gets the client to say yes instead of “I’ll think about it.”
One hour. One CE credit. One tool you can use on your next concentrated-position call.
WHAT YOU’LL WALK AWAY WITH
· Which clients qualify for a 351 contribution — and which don’t
· How a 351 differs from an Exchange Fund, and when each is the right tool
· Tax lot and cost-basis treatment inside the resulting ETF — what carries, what resets
· Standard vs Syndicated 351s — when to use which, and what the contribution docs look like
· The difference between a Contribution Agreement and a Letter of Authorization, and the realistic execution timeline
· The behavioral language that turns “I can’t sell because of taxes” into “When can we start?”
WHO THIS IS FOR
Advisors and CFP® professionals with clients sitting on concentrated single-stock winners — Mag 7, employer stock, low-basis legacy positions — who refuse to sell because of embedded gains. If that conversation is in your book this week, this hour is for you.
WEBINAR DETAILS
· Date: TODAY — Tuesday, May 5, 2026
· Time: 12:00 PM – 1:00 PM ET (live, with audience Q&A)
· CE Credit: 1 CFP® CE Credit | Investment Planning (CFP Program ID 349280)
· Format: Zoom — register and the link comes immediately
· Cost: Free
· Hosted by: Michael A. Gayed, CFA — The Lead-Lag Report
· Sponsored by: Toews Asset Management
· Replay: Sent to all registrants. Live attendance required for CE credit.
REGISTER FREE — NOON ET TODAY →
BRING YOUR REAL CASES
The Q&A is the best part. Bring the actual client situation — the dollar amount, the cost basis, the holding, the constraint — and we’ll work it live. No theoretical examples. Real client problems, real answers.
If “I can’t sell because of the taxes” is a recurring conversation in your book, this is the hour that changes it. Doors open in a few hours. Don’t miss it.
See you at noon.
— Michael
This webinar is sponsored content. The Lead-Lag Report is a publication of Lead-Lag Media, LLC. Nothing in this post or in the webinar constitutes investment, tax, or legal advice. The 351 Exchange involves complex tax and securities considerations and may not be appropriate for every client. Advisors and clients should consult their own tax and legal counsel before taking any action. Past performance does not guarantee future results.