An important part of Greycourt’s value proposition to its family clients is our ability to add substantially to their net after-tax wealth through careful management of investment-related taxes throughout the portfolio management process. Because taxes represent such an important aspect of portfolio management for families, two families can experience the same gross returns but experience profoundly different results in terms of their net wealth. For wealthy families these differences can amount to millions of dollars per year. This white paper describes the main steps Greycourt takes to minimize taxes throughout the investment process.