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Active Tax Management by Lisa Goldberg December 14, 2017
We’ve received a lot of great questions in response to our November 21 Client Research Call on how the FIFO provision in the US Senate version of the Tax Cuts and Jobs Bill might affect a tax-advantaged indexing strategy. The topic that has come up most frequently is...
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Active Tax Management by Kenneth H. Lassner December 8, 2017
As the end of the year approaches, many of our clients are thinking about making contributions to their favorite charities or through their donor-advised funds or family foundations. Well-informed investors are likely also considering the tax implications of...
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Active Tax Management by Paul O. Solli November 29, 2017
An enormous body of academic finance literature discusses the pre-tax performance of public equity factor tilts, but almost nothing measures the impact of taxes on taxable asset owners. Pete Hand, Aperio’s Director of Quantitative Strategies, has remarked over the years that...
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Active Tax Management by Lisa Goldberg November 20, 2017
The tax reform bill under consideration in the US Senate includes a first-in, first-out (FIFO) rule for the sale of public equity. If adopted, the provision will require an investor who is partially liquidating a position to...
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Active Tax Management by Paul O. Solli October 19, 2017
In 1979, Daniel Kahneman and Amos Tversky published "Prospect Theory: An Analysis of Decision Under Risk." Regarded as perhaps the seminal paper in behavioral economics, the article’s central idea is that “losses have more emotional impact than an equivalent amount of gains”...
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