The non-convex tax-aware portfolio optimization problem is traditionally approximated as a
convex problem, which compromises the quality of the solution and converges to a local …

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

Advances in financial technology have led to the development of easy-to-use online
platforms known as robo-advisors or digital-advisors, offering automated investment and …

This article revisits the findings (published in this journal) of Jeffrey and Arnott, who reported
that over 95% of active managers underperformed a capitalization-weighted index fund on …

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 …

In this paper we investigate the predominant robo-advisor model, uncovering that however
novel this solution might be, it also relies religiously on imperative contributions to modern …

In this study we propose a decomposition of the total tax benefit (or liability) of a strategy into
what we define as character and deferral components. Our decomposition is mathematically …

The author proposes a dynamic strategy to optimize the after-tax performance of a municipal
bond portfolio. This study extends previous work on one-time tax-loss selling. He considers …

—Sun Tzu Act smarter, choose specialized managers to improve returns, buy hedge funds
to lower risk, turn a new product or a global event into a profit-making opportunity.” When it …

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 …