The digital revolution is reshaping the way people live their lives and the way they work; it’s also forcing a fundamental transformation in talent recruitment and management. Whatever technological innovations are ahead, it’s the people that will make the difference between eventual success and failure.
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Technology companies are spearheading industry-spanning innovations that underpin the Internet of Things (IoT), bigger data analytics and cloud-based “everything as a service.” Ultimately, these platforms will coalesce into a globally interconnected ecosystem of data-driven technologies that will bring entirely new business opportunities and consumer conveniences. It will also very likely open new security gaps that will exacerbate the ongoing surge of cyberattacks.
The term “passion investments” has gained currency within the wealth management arena to describe high-end collectibles and other luxury possessions that hold emotional as well as financial value for their owners. When considering that this new asset class has generated noticeable returns, it’s no surprise that owners want to protect their high-value assets. For any passion investment, it’s important to consider the insurance issues, specialized insurance policies, insurance coverage, and risk management best practices to protect these uncommon assets.
Looking back on 2015, it was a disappointing year for investors with returns that were flat to negative, reflecting global market pressures that demand attention in 2016. The new year begins with a tricky liftoff around lowered market expectations and slightly more conservative positioning. Declines in corporate earnings, global growth, oil prices, and key economic metrics struck as reasons for increased caution (even as stocks rebounded in the fourth quarter).
There is nothing particularly magical about the start of a new calendar year, but it is a time to reassess the global economy and markets in search of investment opportunities. At the start of 2016 the outlook shows low recession and bear market risks, the U.S. poised to outperform but an inflection point is nearing. The opponents look equally strong, however, and tug-of-wars eventually come to an end. Until then, the investment outlook is one of relative opportunity and walking the tight line of balancing return opportunities and risks.
While election-year politics will dominate legislative action in 2016, comprehensive tax reform remains a priority for many businesses. President Obama and the Republican leaders of Congress will face key tax policy issues, including tax reform, global tax controversy, IRS challenges, new regulatory projects, and other tax policy matters of importance to today's business leaders. The Obama administration and Congress are expected to offer competing plans on how to reform the US tax system and to promote other policies intended to increase economic growth.
One of the greatest concerns among wealthy parents is that the family’s great fortune might inadvertently lead to misfortune for their children. Raising responsible children in affluence is a life-long task requiring patience and persistence. Like learning to read, financial literacy is a process that is best started in early childhood. Teachable moments, alongside practical ways to teach children about wealth, are the beginning of financially responsible parenting.
The economic outlook may be better than many think, with U.S. growth in 2016 likely remaining well above the long-term trend of 1.5 percent. The economy is expected to grow near 2.6 percent, with the household sector and residential investment being the two primary drivers. The recent Washington D.C. policymaker agreement, which resulted in a lifting of the debt ceiling, should add 0.2 percentage points to overall economic activity in 2016.
Last week, markets were caught on the wrong foot by the latest package of measures by the European Central Bank (ECB). There was no headline increase of monthly asset purchases, which are currently at EUR 60bn. Since then, investors have grown used to ECB President Mario Draghi over-delivering, earning him the nickname “Super Mario”. When Draghi failed to do so this time around, investors were unprepared. This overview discusses how the ECB measures are impacting international markets.
The real estate industry is going through an unprecedented phase of institutionalization as it formalizes processes, outsources noncore activities and takes proactive steps to managing increased regulatory oversight. This trends report for the coming New Year provides some surprising changes in the real estate private equity market. Some of the highlights include:· Fundraising is up and real estate investors are seeing opportunities in markets across the globe, including ones that have seen slowdown