Tax-Aware Investment Management by Douglas S Rogers

Tax-Aware Investment Management by Douglas S Rogers

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

DOUGLAS S. ROGERS, CFA, is a nationally known authority on tax-aware investment management. He is a managing director and senior consultant at CTC Consulting Inc., a subsidiary of U.S. Trust Corporation, where he serves ultra-high-net-worth families. Mr. Rogers is currently chair of the CFA Institute (formerly AIMR) Subcommittee for After-Tax Return Reporting. He is a former chief investment officer and director of manager research for a nationally known investment advisory firm and holds an MBA in finance from Southern Methodist University. A Chartered Financial Analyst (CFA), he is a frequent speaker on tax-aware investment management and after-tax reporting standards at industry conferences.