Donaldson, Lufkin & Jenrette Inc.'s 300 brokers are marketing a "turnkey" version of a sophisticated trust product to their affluent clients.

DLJ's private client group, Wood, Struthers & Winthrop, and its subsidiary, Winthrop Trust Co., often works on charitable remainder trusts for multimillionaires. Now the New York-based brokerage firm wants to offer the product to the merely affluent who want to avoid paying capital gains taxes on stock sales.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.