Populism and Washington dysfunction are two key risks for markets in 2017, and last week was an important one for both.
Recent poor investment performance in global markets coupled with potentially stricter regulatory restrictions, have left many existing family offices debating the effectiveness and efficiency of their current structure. The question going forward is how best to preserve assets in times of greater volatility and uncertainty.
Much public debate about Dodd-Frank and subsequent media coverage have focused on its broad policy and structural implications for banks, including, for example, stricter capital and leverage requirements and limitations on proprietary trading, and on its consumer protection provisions. However, the act also has significant implications for firms and individual participants in the investment business.