Tax-Aware Investment Management The Essential Guide [Hardcover]

That's one reason why tax-aware investment management is essential for building and maintaining wealth.

In this comprehensive, groundbreaking book, Douglas S. Rogers, CFA, explains why many accepted investment strategies and techniques developed for tax-exempt institutional investors don't work for individuals who are subject to taxes. They will end up with substantially lower after-tax returns simply because their portfolios are not structured or managed with tax obligations in mind.

This book shows:

• How to measure and compare the tax-efficiency of mutual funds, hedge funds, and individual investment managers
• How the widely used style-box matrix can prove detrimental to after-tax investment returns
• How to minimize taxes on stock-and-bond portfolios and employ sophisticated strategies for offsetting gains against losses
• How to decide which asset categories should be placed in tax-deferred accounts such as IRAs and which should be placed in regular taxable accounts
• How to incorporate tax-aware techniques and insights into all facets of investment planning, portfolio management, and estate planning

Introduction.

Part One: Evolution of Knowledge Pertaining to Tax-Aware Investment Management.

1 The Evolution of Tax-Aware Investment Management.

2 The Sources and Impact of Taxes on Investment Returns.

3 Seminal Research.

4 The Tax-Aware Practitioner.

5 Creating the Triumvirate of Qualified Professionals.

Part Two: After-Tax Reporting anlC{