Articles & Insights
Financial Post: Managing Wealth  |  23 April 2012

Focus on pre-tax returns results in costly tax bills

A cardinal error is committed with appalling frequency in managing the investments of affluent families — thinking in pre-tax instead of after-tax returns. This may seem surprising as taxes are often the biggest single expense of wealthy families. Similarly, affluent retirees live on after-tax, not pre-tax cash flows. Read more >