Douglas S. Rogers, CFA, is a nationally known authority on tax-aware investment management. He is a managing director and senior consultant at CTC Consulting Inc., a subsidiary of U.S. Trust Corporation, where he serves ultra-high-net-worth families. Rogers is currently chair of the CFA Institute (formerly AIMR) Subcommittee for After-Tax Return Reporting. He is a former chief investment officer and director of manager research for nationally known investment advisory firms and holds an MBA in finance from Southern Methodist University. A chartered financial analyst (CFA), Rogers is a frequent speaker on tax-aware investment management and after-tax reporting standards at industry conferences.
Part One: Evolution of Knowledge Pertaining to Tax-Aware Investment Management.
1 The Evolution of Tax-Aware Investment Management.
2 The Sources and Impact of Taxes on Investment Returns.
3 Seminal Research.
4 The Tax-Aware Practitioner.
5 Creating the Triumvirate of Qualified Professionals.
Part Two: After-Tax Reporting and Measures of Tax Efficiency.
6 Mutual Fund After-Tax Reporting.
7 Separate Account After-Tax Reporting.
8 Measures of Tax Efficiency.
Part Three: Tax-Aware Portfolio Management.
9 Outperforming the Index Fund.
10 Quantitative Tax-Aware Portfolio Management and Concentrated Stock.
11 Practices of Elite Tax-Aware Equity Active Managers.
12 Practices of Elite Tax-Aware Fixed Income Active Managers.
13 The Hedge Fund Dilemma.
14 Amending the Search Process for Tax-Aware Manager Selection.
Part Four: Challenging Traditional Asset Allocation Methods.
15 Challenges with Traditional Investment Policy Development.
16 Developing After-Tax Asset Class Assumptions.
17 Why the Style Box Hurts Taxable Investors.
18 Positioning Assets by the Tax Characteristics of the Entity.
19 The Role of Systems Solutions in Tax-Aware Investing.
Continuing Education Exam.