Private wealth management is the investment management specialization focused on high-
net-worth individuals and families. Portfolio design and investment solutions in private …

Virtually all companies and individuals are faced with the management of taxable assets. To
manage these assets efficiently, investors need to be aware of the impact of taxes on …

In this article, the authors focus on the after-tax performance of several smart-beta strategies.
These strategies have higher turnover than the capitalization-weighted index, which leads to …

While the benefits of capital gains management to the tax efficiency of investment strategies
have been extensively documented in the literature, evidence on the benefits of avoiding …

Cross-border wealth management is an important topic globally, and particularly relevant in
Europe. There is not much literature on drivers of and barriers to this phenomenon. This …

This article sets forth a practical framework for incorporating tax management into long-only
factor investing and assessing the impact on tax efficiency and pre-tax returns. The …

This article quantifies the effect of taxes on the magnitude and variability of cash flows from
taxable retirement portfolios. While previous research focuses on pretax cash flows, this …

Philanthropy has gained more importance around the globe. Foundations are one of the
most chosen organizational forms to pursue philanthropic interests. Legal systems around …

财富规模的迅速膨胀, 投资更加多元化和直接化, 监管部门的逐步退出, 标志着中国大财富管理
时代的来临, 面向高净值客户的私人财富管理成为国内研究的热点问题. 本文在系统梳理国外 …

The generation of income, and the taxation of such income, is a keystone element in the
study and practice of personal finance. It goes almost without saying, the laws governing the …