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Advisor Publication Series

The Advisor’s Case for Smart Beta Direct Indexing

Smart beta direct indexing is an increasingly accessible implementation route that accommodates tax-loss harvesting and customizations based on client preferences and circumstances.  
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Publication

The Biggest Failure in Investment Management: How Smart Beta Can Make It Better or Worse

The biggest failure in investment management—the gap between the returns realized by the investor and the returns earned by the strategy or fund the investor owns—typically remains in the shadows with the glare of the spotlights focused on alpha.

Is Your Alpha Graphic Is Your Alpha Graphic

Journal Paper

Is Your Alpha Big Enough to Cover Its Taxes?

Tax-aware and tax-advantaged investing have come a long way since Jeffrey and Arnott (1993) published one of the first investigations into the impact of taxes on active management performance.

Diversification Webinar Replay Diversification Webinar Replay

Webinar Replay

Diversification: Is the Free Lunch Worth the Heartburn?

Diversification and its long-term benefits have been accepted as a core investment insight. Many have begun to question its benefits, however, due to the underperformance of most diversifying asset classes over the last five years.

Advisor Publication Series
AAI Image for Advisor Page AAI Image for Advisor Page
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Part 1: Return Expectations

Part 2: Understanding Risk

Part 3: Building Portfolios

Part 4: Is Manager Selection

Part 5: Craftsmanship in Smart Beta

Part 6: Performance Measurement

Part 7: Alpha & Taxes

Part 8: Rebalancing

Part 9: Smart Beta Direct Indexing

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