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

A practical guide to adapting financial advice and investing to a post crisis world There's no
room for" business as usual" in today's investment management environment. Following the …

his study presents an improved method of dealing with embedded tax liabilities in portfolio
choice. We argue that using a risk-free discount rate is appropriate for calculating the …

Taxes are an important component of investing that is commonly overlooked in both the
literature and in practice. For example, many understand that taxes will reduce an …

Academics have argued for decades about whether markets are efficient. This has been a
great waste of intellectual resources with no discernible reason other than to funnel research …