@article {Rogers39, author = {Douglas S. Rogers}, title = {Tax-Aware Equity Manager Allocation}, volume = {4}, number = {3}, pages = {39--45}, year = {2001}, doi = {10.3905/jwm.2001.320418}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article is based on the view that tax-efficiency requires a broader and different focus when compared to typical tax-oblivious practices. Starting with the premise that tax-aware equity manager allocation is the next logical step {\textquotedblleft}after tax-efficient asset allocation{\textquotedblright} in the consultative process to enhance wealth, the author looks into a variety of manners in which a domestic equity market can be segmented. His first conclusion is that the traditional segmentation offering as many as nine sub-groups based on size and style is too complex and tax-inefficient. Investigating different alternatives, he concludes that an {\textquotedblleft}optimal{\textquotedblright} tax-aware equity allocation model should be based on a {\textquotedblleft}core/satellite{\textquotedblright} or {\textquotedblleft}hub-and-spoke{\textquotedblright} approach, in order to employ managers in a manner to potentially achieve optimal or superior after-tax returns.}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/4/3/39}, eprint = {https://jwm.pm-research.com/content/4/3/39.full.pdf}, journal = {The Journal of Wealth Management} }