In this episode of Money & Meaning, host Jeff Bernier speaks with Kacie Walsh, Vice President at Dimensional Fund Advisors. They explore Dimensional’s evolving toolkit of tax-focused investment solutions designed to help clients keep more of what they earn. The conversation spans mutual funds, ETFs, SMAs, exchange funds, and 351 ETFs, explaining how each tool fits into a broader tax management strategy. Kacie also outlines how Dimensional’s daily, data-driven approach supports personalized portfolios and long-term efficiency for investors.
Topics covered:
- Kacie Walsh’s professional background and current role at Dimensional Fund Advisors
- Why Dimensional’s evidence-based, data-driven approach matters in tax-focused investing
- Overview of tax loss harvesting and why fund and ETF lineup depth supports it
- Differences in tax efficiency between ETFs and mutual funds—and how Dimensional narrows the gap
- Update on Dimensional’s ETF share class application and what it means for investors
- SMA (separately managed account) use cases, especially for high net worth individuals
- How Dimensional’s SMAs differ from traditional direct indexing solutions
- Behavioral and operational considerations of owning hundreds of individual securities
- Understanding portfolio lock-up and how to plan for long-term SMA use
- Exchange funds as tools for diversifying out of concentrated stock positions
- 351 ETFs as a strategy to consolidate appreciated securities tax efficiently
- Overview of long/short SMAs and how they attempt to generate more tax alpha
- How advisors and clients can assess the trade-offs in these advanced strategies
Useful Links:
- Jeff Bernier on LinkedIn: https://www.linkedin.com/posts/jeffberniercfp_the-money-and-meaning-show-activity-7202103509700227072-h0Qn/
- TandemGrowth Financial Advisors: https://www.tandemgrowth.com/
- Kacie Walsh on LinkedIn: https://www.linkedin.com/in/kacie-walsh-5787a297
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.