Tackifier dispersions used in pressure-sensitive adhesives are made by phase inverting an aqueous rosin ester emulsion. The recipe also includes rosin acid and potassium hydroxide which react to form a surfactant. The amount of surfactant available plays a key role in determining dispersion properties. As the surfactant concentration increases, the point of phase inversion is delayed to larger dispersed phase concentrations. This also results in excess dispersant in the liquid phase and a narrower particle size distribution, even though the droplet size remains relatively unchanged.