PwC's 2015 Managing Your Wealth Guide Highlights Need for Effective Planning In Uncertain Financial Environment

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Nov 06, 2014, 08:55 ET

NEW YORK, Nov. 6, 2014 /PRNewswire/ -- The complex and fast-changing wealth management landscape, with fluctuating global financial markets, regulatory intricacies, and a return to higher tax rates, has increased the need for effective planning to help preserve and grow wealth throughout 2015.

These themes and the necessary strategies to help support high-net-worth individuals and business owners are outlined in the latest edition of PwC US's Managing Your Wealth: Guide to Tax and Wealth Management, which launches today.

"A major challenge in producing and preserving wealth reflects the ability to navigate an overwhelming level of complex information in an era of constant change," said Brittney Saks, PwC's US leader for the Personal Financial Services practice and the Guide's editor-in-chief. "Separating the distractions from what really matters continues to be vital to financial wellness. A sound wealth-management plan helps keep individuals and families on an even keel in this uncertain environment."

Many of the issues discussed in the 2015 Guide merit attention beyond tax season, such as business succession and family meetings. "Ideally, the Guide will assist year-round in fostering trusted relationships with advisors and lasting value for families," explained Saks.

Available for download at www.pwc.com/us/pfs and through the PwC 365™ app, the latest edition of the Guide explains complex wealth-management strategies in easy-to-understand language. Like previous editions, it's supported by an online resource center that lets users download specific chapters or the full book. They can also view video interviews with partners on important financial planning topics and access other PwC resources about personal finance and wealth management.

Together, the Guide, online resource center, and digital app serve as a reference for overall wealth-management planning, with particular focus on:

Effective tax planning
Managing investments
Charitable giving
Estate and gift planning
Business succession
Family meetings
Family offices
Cross-border tax considerations
Risk management

About PwC's Private Company Services practice

Located in all major U.S. markets, PwC's Private Company Services (PCS) is a national practice that comprises more than 170 partners who provide customized tax, audit and advisory services to private companies, their owners and high-net-worth individuals. More than 60 percent of America's largest private companies are PCS clients.⁽¹⁾ They span a broad scope of sectors and industries that range from manufacturing and retail to industrial and professional services.

A hallmark of PCS is a robust thought-leadership program that provides clients with timely, stimulating information to help manage and grow their businesses and wealth.

Visit us online at pwc.com/us/pcs.

⁽¹⁾ Forbes 2013 List of America's Largest Private Companies

About PwC US

PwC US helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms, which has firms in 157 countries with more than 195,000 people. We're committed to delivering quality in assurance, tax and advisory services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US.

PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

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SOURCE PwC