Booth’s DFA Gets Green Light for Tax-Busting Vanguard Design

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Quant firm Dimensional Fund Advisors has received formal approval to adopt a fund structure that for two decades has been used exclusively by Vanguard Group to save investors billions of dollars in taxes. Dimensional, founded by David Booth, said on Monday that regulators had granted it so-called exemptive relief to offer dual share class funds. Dimensional had applied to add exch ...