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Tax-Efficient Asset Allocation and Location Decisions
Published in Investments & Wealth Monitor, November/December 2008

A wealth manager makes investment decisions based on each client’s individual goals, situation, and preferences. This customization is important if the wealth manager wants to appropriately serve each investor, but the customization should not descend into chaos; it is best to maintain consistent market views across all clients’ portfolios. Differences in holdings from one investor to the next should reflect differences in the investors, not inconsistent market views. Read the article.