Chief Technology Officer and Investment Partner Dan Burke was recently interviewed by Barron’s about Callan Family Office’s approach to tax-efficient investing.
“We actually start with portfolio design, making sure we’re allocating to asset classes from the perspective of after-tax returns,” Dan said. “Everybody is familiar with the annual capital market exercise that every large firm goes through. They publish their long-term return assumptions and risk and correlations across asset classes. At Callan Family Office, the first thing we do is run all of those pretax assumptions through an after-tax model that gives us the long-term forecasts that are net of tax. Those forecasts help us adjust our strategic asset allocation for ultrahigh net worth clients.”