Taxable investors need to think differently.

The Taxable Investor's Manifesto provides a new approach to maximizing profits from the money you earn, the investments you make, and the taxes you pay. With this book, you will learn to integrate invest- ment, tax, and cash flow into every finan- cial decision. What you consider a good investment will change. So will the way you keep track of results. Implementing this new approach can improve those results by millions of dollars over decades, even generations. Plus, you'll see, it doesn't have to be complicated to be effective.

Accessible and straightforward, each of the Manifesto's chapters highlights one key aspect of managing taxable investment portfolios. Together, they are a road- map to greater profits.

Written for financial advisors and non- professionals alike, The Taxable Investor's Manifesto is an indispensable source of strategic, after-tax wealth management guidance for anyone who owns financial assets, pays taxes, and engages in financial planning, as well as an effective call to action.

PRAISE FOR THE TAXABLE INVESTOR'S MANIFESTO

"The truths in this manifesto are universal for taxable investors and their advisors whether they oversee thousands of dollars or billions. Sign me up."
—Joe Mansueto, Founder and Executive Chairman, Morningstar, Inc.

"The vast majority of what you'll read and hear about investing refers only to pre-tax results. But that's highly inadequate where your personal wealth is concerned. As Stuart Lucas writes, 'The combination of equities, time, tax efficiency and compounding can be worth millions.' Taxable investors ignore these considerations to their own detriment."
—Howard Marks, CFA; Co-Chairman, Oaktree Capital Management, LP

"Stuart Lucas, CFA, has nailed it! Too often, taxable investors focus on pick- ing a few high-flying stocks and think only a few magical managers can do it. Stuart argues it's really about managing the intersection of invest- ments, taxes, and estate planning. He shows how basic errors in one of these areas can knock out 'success' in any one or two of the others. He paradoxically creates clarity out of complexity by introducing both common and uncommon sense. An easy, accessible must-read for financial advisors and for taxable investors taking an active interest in managing their wealth."
—Stephen Horan, PhD, CFA, CIPM, CAIA; Managing Director, Americas, CFA Institute

"The Taxable Investor's Manifesto makes it abundantly clear why taxable investors need to think differently and, importantly, shows how, in prac-tical, field-tested ways, taxable investors can improve their odds for suc-cess. This is a highly readable and welcome addition to the short list of resources addressing the distinctive needs of taxable investors."
—Tom Faust, Chairman, CEO, and President, Eaton Vance Management Inc.

"Investing is complicated and stressful. Diversification, correlation, beta, alpha, and standard deviation are like a foreign language. Stuart Lucas brings clarity to complexity and shows how you can make the government an investment partner instead of a dependent. A must-read for all investors."
—Thomas J. Wilson, Chair, President, and CEO, The Allstate Corporation; Chair of the Executive Committee of the U.S. Chamber of Commerce