Willow Grove Advisors Tax-Aware Investing Virtually every investment decision has a tax consequence. With this in mind, we: 1. Position asset classes and managers where they create the least tax burden 2. Allocate to investments that avoid unnecessary costs associated with style and capitalization adjustments 3. Identify asset classes with the best opportunity to achieve compelling results, using time-honored methods 4. Remain cognizant of overall portfolio activity to coordinate tax management and take advantage of tax loss harvesting opportunities 5. Closely monitor costs
