Two important developments have brought goal-based wealth management into greater
focus in the last three years. The financial market meltdown of 2008 has changed the way …

The forthright brand of shareholder activism associated with hedge funds became a major
corporate governance phenomenon in the United States in the 2000s. Financial economists …

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 …

This article investigates digital objects in video games as an alternative investment from
2015 to 2020. The authors use the Steam Community Market of the Counter-Strike Global …

This article introduces one key concept from the author's most recent book and explores
some of its applications. The concept is that a dollar in a tax-deferred account, such as a 401 …

The majority of research on port-folio construction ignores the sig-nificant impact of
expenses and taxes. In the real world, taxable investors can only consume their existing …

I characterize the wealth management literature that The Journal of Wealth Management
helped define over the last quarter century and then assess its impact. Eight key areas of …

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 …

—Daniel Kahneman (Lewis [2016]) What portion of the profits from your investments ends
up in your wallet? This is a simple and important question, but getting the answer is …

The most prevalent methods of incorporating taxes into the portfolio construction process are
the preliminary adjustment of asset allocation inputs for taxes and the postoptimization …