Part of the Grow Your Business (GYB) series from PriceWaterhouseCoopers, this edition covers what private companies are doing to rethink their approach to risk against a backdrop of globalization, economic realignment, and rapid technological change.
The world is witnessing a major rebalancing of economic power. Once dominated by the G7 nations, it is today making room for a new and expanding set of rapidly growing economies. The citizens of emerging market countries, while comparatively poor on a per capita GDP basis, are being helped out of poverty by astounding rates of domestic economic gro...
Regardless of the project scope, knowing the parties and defining parameters are essential to a successful relationship. Investors and developers alike should do their homework, protect themselves and have confidence in the structure of the deal.
Fears regarding the future of fiat currencies (e.g., the dollar and euro) have created surging demand for “alternative” currencies. Alternative currencies, such as gold and even the fledgling Bitcoin possess many of the required characteristics to serve as currencies, but limitations will likely prohibit attainment of currency status in the foresee...
Newly appointed Prime Minister Shinzo Abe wooed voters by promising to end its decades-long economic and market malaise with the three arrows of Abenomics: fiscal stimulus, monetary easing and structural reform. Abe quickly launched the first arrow by passing fiscal stimulus of roughly 2% of GDP. The Bank of Japan subsequently fired the...
Wealth planning for same-sex married couples presents a host of challenges, and the landscape is fluid. Congress passed the Defense of Marriage Act (DOMA) in 1996, and President Bill Clinton signed the act into law the same year. The bill had two main functions. First, DOMA prevented the federal government from recognizing same-sex marriages for th...
Business owners and managers are looking to get rid of operational bottlenecks caused by outdated methods of storing and retrieving documents. What seems on the surface to be a pretty simple concept—convert paper to images and keep them on the computer—can become a challenge without taking time to put together a plan. The purpose of thi...
On June 26, 2013, the Supreme Court of the United States issued two groundbreaking opinions regarding same-sex marriage. The rulings will substantially impact financial and estate planning for same-sex couples living in jurisdictions that recognize same-sex marriage. Now is a critical time for same-sex couples, regardless of their legal status, to ...
The vitality and longevity of a mature family enterprise depend on three key value drivers: the family economic engine, including both business and financial assets; the family itself, its culture and members; and “leakages” that include both cash flow management and estate planning. By operating in this context so that you manage your ...
Entrepreneurial stewardship is the key to perpetuating family wealth through multiple generations. Stuart Lucas and David Lansky discuss some of the paradoxes of maintaining a healthy, wealthy multigenerational family and how to address effectively these paradoxes. The article explains how entrepreneurial stewardship can be a key to perpetuat...
Why is an American who has spent over a quarter century managing financial assets for his family cautioning you against selling your family business? The author urges you to think twice before selling your business.
Changing client behaviors are having a big impact on the levels of service and communications High Net Worth Investors (HNWI’s) expect from their wealth manager. This report details some of the key expectations of today's wealthy investors. Some key trends include: More and more are looking for a personal touchThe...
In this issue of Global Foresight, entitled "Re-born in the USA," Rockefeller & Co. takes a close look at the prospects for the U.S. dollar, challenges in emerging markets, opportunities in fixed income, and increasing U.S. energy production. David P. Harris, CFA, Chief Investment Officer, focuses on the varied implications of a stron...
PWC presents findings from the 20th anniversary edition of the Global Private Banking and Wealth Management Survey. The study looks at industry performance, markets, clients, products and services, human capital, operations, technology, risks, and regulatory challenges. Key findings include: Pervasive regulatory pressures are driving...
By some measurements the Federal Reserve has more than tripled the money supply in response to the 2008 economic crisis. With such pronounced expansion, will the United States soon experience significant inflation, and if so, how severe may it be? This article looks at the various causes and repercussions of inflation, comparing &nb...