In our Inaugural Wealth Management newsletter,
we made predictions on issues we thought the Trump
administration would tackle in the first 100 days. On those
issues affecting wealth management, as expected, some of our
predictions were true. Here, we make some observations about
patterns that have emerged, newer predictions about the issues we
highlighted and our shaky prediction for the next 100 days.
1. Legislation. Perhaps owing to not having filled
out many agencies, the President's legislative packages have
seemed to reflect more of the President's prior occupation as a
real estate developer. That is, the legislative packages
– whether health care or tax reform – have seemed to be
trial balloons, floated as next step ideas from a victorious
campaign, as opposed to legislation drafted in a way that suggested
a chance to succeed. Such a pattern cannot continue.
Not only will the legislative packages fail due to the content but
the Administration's
