Honest debate, realistic outlook: The latest on President Trump’s infrastructure plan

Thumbnail image for Honest debate, realistic outlook: The latest on President Trump’s infrastructure plan March 16, 2018

By Byron Carlock, US Real Estate Leader – I’m a big believer in the power of an honest debate. It’s not easy, and not always comfortable, but it helps illustrate the divide to potentially bridge the gap. As my PwC CP&I colleagues noted[1], we need to have an honest debate about the costs of infrastructure, […]

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The bridge to somewhere — hopefully, across the aisle

Thumbnail image for The bridge to somewhere — hopefully, across the aisle March 16, 2018

By Byron Carlock, US Real Estate Leader – Just thinking about the state of infrastructure in New York City—LaGuardia Airport, currently under construction; the subway, where investment is badly needed; and The Gateway Project, with its funding status TBD—is enough to show quickly how badly and how much infrastructure investment is needed across the U.S. […]

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The impact of tax reform to asset and wealth managers: Part II

http://usblogs.pwc.com/assetmanagement/wp-content/uploads/2014/06/42-36560246.jpg March 14, 2018

Brian Rebhun, US Asset & Wealth Management Tax Leader – My first blog on how the Tax Cuts and Jobs Act (TCJA) will influence the asset and wealth management industry (click here for a link to that blog) looked at how higher effective tax rates will require principals of AWM firms to reconsider where they […]

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Five trends to watch in asset and wealth management in 2018

Thumbnail image for Five trends to watch in asset and wealth management in 2018 March 9, 2018

Tom Holly, PwC US Asset and Wealth Management Leader – If you talk to any fund manager about their biggest takeaway from 2017, the first words out of their mouth will probably be “fee compression.” Investors want more for less. It’s not new, but fee compression hit asset management in a big way in 2017. […]

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Top issues I’m following in 2018: US Tax Reform, Cryptocurrency, Brexit, and Money Market Reform … again

Thumbnail image for Top issues I’m following in 2018: US Tax Reform, Cryptocurrency, Brexit, and Money Market Reform … again February 9, 2018

Peter Finnerty, PwC US Mutual Funds Leader – There are a number of issues facing the Asset and Wealth Management industry in the early going of 2018 – US Tax Reform, Cryptocurrency and Brexit to name a few. One though that could easily be overlooked — but shouldn’t — is the discussion around money market reform. If […]

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The Broker Protocol – What Lies Ahead?

Thumbnail image for The Broker Protocol – What Lies Ahead? January 22, 2018

By Arjun Saxena and Jay Remis First one major firm, then a second one and then a third: three months and three major retail brokerage players have all exited the Broker Protocol. Two are major wirehouses — with $4 TRILLION of AuM between them – plus a major bank. Ostensibly, the idea is to reduce […]

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The impact of tax reform on asset and wealth managers

Thumbnail image for The impact of tax reform on asset and wealth managers January 8, 2018

Brian Rebhun, US Asset and Wealth Management Tax Leader – Congress on December 20 gave final approval to the House and Senate conference committee agreement on tax reform legislation, the Tax Cuts and Jobs Act (TCJA), clearing the bill for presidential action.  The President signed the legislation on December 22, 2017 with most of the provisions […]

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The changing winds of real estate

Thumbnail image for The changing winds of real estate December 12, 2017

By Byron Carlock, US Real Estate Leader – Why real estate? I grew up in a small town in rural Arkansas and watched it undergo a fundamental transformation. For more than a century Blytheville’s economy relied heavily on independent family farms. But agricultural deregulation, farm consolidation, and the exodus from rural towns to urban cities […]

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Assets & Wealth 2017: Outpacing, advancing, and surpassing industry change

Thumbnail image for Assets & Wealth 2017:  Outpacing, advancing, and surpassing industry change December 6, 2017

Peter Finnerty, PwC US Mutual Funds Leader – What will mutual fund/ETF assets be in 2025? By how much will front-, middle- and back-office costs change between now and 2025? What is the decline in active and passive expense ratios going to be per year through 2025? Which areas do firms plan on outsourcing? And, […]

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Investing with Hearts and Minds (in that order): Wealth Management, ESG and the Advisor

Thumbnail image for Investing with Hearts and Minds (in that order): Wealth Management, ESG and the Advisor September 25, 2017

Thomas J. Holly, US Asset & Wealth Management Leader – A Nobel Laureate once said, “The times, they are a-changin …,” and these words have never rung truer for wealth managers. As firms continue to refine their operating models and prepare for the upcoming $30T intergenerational wealth transfer, they also need to consider how these […]

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