What worries these advisors? What gives them cause for hope?
Bob Len is troubled by some regulations, particularly those that stand in the way of globalization, pointing in particular to “the banking rule [requiring] the declaration of foreign bank accounts,” saying that a number of his clients are “giving up their green cards or citizenship not because they’re doing anything wrong, but because they think it’s ridiculous that they have to give all the details of their bank accounts to the government.”
While all the roundtable advisors expect taxes to rise, Gordon Bernhardt admits that he “can’t change the government.” Instead, his biggest concern is the “welfare of employees and clients, [that I can continue to] create an environment where my employees can be rewarded and have a career path. That means we need the right strategic partners to grow the firm, to create opportunities for employees, and we can then safeguard consistent service for clients. That’s what keeps me up at night.”