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Philip Karmin and Karmin Capital Management were recently featured in Worth Magazine’s Leading Wealth Advisors section.  The profile in Worth included Philip Karmin’s essay entitled, “Why are master limited partnerships for pipelines attractive investments?”  Mr. Karmin’s essay reviews why master limited partnerships (MLPs) may be an attractive investment vehicle for high net worth individuals and households.  Specifically, MLPs offer liquidity features as publicly traded securities, with the added benefit of income from MLP distributions being tax deferred.   He goes on to state that should you choose to liquidate your MLPs, any increase in valuation you accrue will be taxed at the capital gains rate, not as income.


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