PwC US Releases 14th Guide to Tax and Wealth Management

Lucas Gilmore, “Big 4″ observer
November 15, 2010 /

PwC US has released its 14th guide to tax and wealth management, entitled Managing Your Wealth, which provides clear explanation of strategies to help individuals, families, and business owners meet their tax and financial demands while growing and preserving their wealth for the long term.

The new edition updates certain chapters to reflect the current tax landscape, economic environment, and legislative developments, supported by an online resource center allowing users to get free access to certain chapters of the book, watch video interviews with partners discussing important financial planning topics, and gain access to other PwC resources regarding personal finance and wealth management. New chapters have been added to the guide which cover risk management, family meetings, and the best ways to work with financial advisors in today’s unpredictable environment.

“We’ve always maintained that preparation is the key to successful tax planning and wealth management. While preparation is admittedly challenging in times of legislative and economic uncertainty, it’s also of particular importance at such junctures, since it entails planning for more than one possible scenario. Asking questions of your advisors and beginning the planning process early are two of the most important steps in developing a tax and financial plan that will let you seize opportunities as they arise,” says Richard Kohan, lead Personal Financial Services principal with PwC’s Private Company Services practice and co-author of this year’s Guide.

Kohan suggested the need for individuals to be more active in engaging in wealth management strategy despite the fact that a “new post-crisis wealth management paradigm” has not come into its fullness as of the moment.

The guide also includes discussions about the implications of the present and future changes in governmental policies, including healthcare reform and the scheduled expiration of the Bush-era tax cuts, on wealth management.


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