United States: Wealth & Asset Management

Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental, social...

Let us introduce you to Jack and Dorothy*. They are married, both 70 years old, retired, and have two children, James and Emma, who have their own families.

Family offices enter 2026 amid structural changes across tax policy, fiduciary law, and regulatory administration. The One Big Beautiful Bill Act (OBBBA or OB3)...

At the start of 2026, mergers and acquisitions (M&A) and strategic investments remain core tools for alternative asset and wealth managers seeking growth, succession planning, and platform expansion.

Late in 2025, Treasury and the IRS released a guidance package under Section 892 of the Internal Revenue Code, which exempts foreign governments—including sovereign wealth funds—from tax on certain income derived from passive U.S. investments.

Beginning in 2026, a new law — the Fair Investment Practices by Venture Capital Companies Act ("FIPVCC") — imposes new obligations on a wide array of asset management firms that operate in California, make investments in California, and/or solicit investment and/or receive revenue from California.

The December 2025 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.6%, the same as in November.

Demand for private credit (lending by non-bank investors) has grown rapidly since the global financial crisis to fill a lending void left by banks and meet investor demand for flexible financing.

Our Resilient Infrastructure series examines how legal, regulatory and financial frameworks must evolve to help governments, investors and operators protect physical assets.