It’s anyone’s guess what's going on inside Trump’s head

Added 28th November 2016

What a game changer the election of Donald Trump as US president is likely to be across so many fronts.

It’s anyone’s guess what's going on inside Trump’s head

Donald Trump

His very different style to outgoing president Barack Obama is turning into substance as he puts his team together and indicates his top priorities, with a few early-stage indicators on how the international financial services industry will be affected.

Infrastructure investment is without question on the agenda, as this month’s front cover makes clear, and our timely fund manager interview with global infrastructure specialist Jeremy Anagnos drills down into some opportunities for cunning investors.

This month’s sector analysis piece by Morningstar also sets out a positive outlook for a raft of natural resources, which can only be fuelled by Trump’s expansion plans for the world’s biggest economy.

Beyond the new investment landscape, it is less clear how he will proceed with regulatory changes in the financial services industry and on the international tax front.

We report in our lead story this month that there are concerns Trump may scrap the introduction of the US Department of Labor’s fiduciary rule, requiring retirement advisers to put their clients’ interests first.

But for now, it’s anyone’s guess what is going on inside Trump’s head, which explains the clear split among expert observers as to whether it will go ahead as planned, be revised or perhaps be deferred for the chop at a later stage.

On another front, the US Foreign Account Tax Compliance Act (Fatca) could be repealed as this has been part of the Republican Party’s policy programme. Yet, it has already netted $9.9bn (£8bn, €9.4bn) from voluntary compliance disclosures for all US citizens around the world.

Much may depend on which advisers Trump appoints to key positions, and how much he listens to them.

We live in interesting times.

To read this month's magazine and the features outlined above, click on the magazine link

Mark Battersby

Inside the International Adviser - December 2016 Issue

International Adviser - December 2016

The December issue of International Adviser magazine is now available to read online. View your digital edition by clicking on the link below, or download the free International Adviser App through your app store.

CLICK HERE TO GET YOUR ISSUE

Inside the latest edition:

  • CBRE Clarion’s infrastructure investing strategy in a Trump presidency-era
  • AAM Advisory’s painful but positive acquisition experience
  • The globalisation of family wealth and how Lombard International
  • Assurance is harnessing increasing complexity
  • natural resources and their return to favour

International Adviser is available in the iTunes App StoreGoogle Play and on Kindle Fire

To see how you can access your digital magazine click here

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About Author

Mark Battersby

Editor, International Adviser

International Adviser

Mark Battersby is editor of International Adviser. He is also programme director for International Adviser events in strategic expat locations around the world, and its flagship FundLinks conference in London. Mark joined Last Word Media in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.

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