New financial service launched to help US expats

A comprehensive financial advisory firm that helps clients grow and conserve wealth has announced a new service to help expats living in the US and US citizens living abroad manage their investments.

saddleSaddle River Capital Management (SRCM) said it has identified many investors as stranded between tax and regulatory regimes in the US and elsewhere, which has prevented senior executives from complying with and meeting their investment objectives.

This new offering brings US-style investments to expat investors looking to invest between $500,000 and $5 million, subject to their personal tax considerations.The Expat Wealth Management service aims to assist expats in complying with US tax regulations in investment management, retirement planning, college planning, insurance, and estate planning via exchange-traded funds (ETFs).

The firm says that many expat investors are unaware of the numerous tax breaks available to them in the US, as they assume that they are only eligible for tax breaks in their home country. SRCM aims to educate these investors and bring their personal tax advisor into conversations where their investments are concerned.

SRCM claims it can help clients simplify their investments by handling multi-jurisdictions in multiple currencies in one platform. ‘Having more than one account in more than one country is a good way to lose track of your assets and to send accounting costs through the roof,’ said Richard Wolfe, managing director of Saddle River Capital Management.

‘Our newly launched expat wealth management service fills a void in the marketplace for a couple of reasons. While other large firms may offer financial advice to foreigners living in the US, many ignore the concerns of those looking to manage less than $5 million,’ he explained.

Many expat investors are unaware of the tax breaks available to them in the US

Many expat investors are unaware of the tax breaks available to them in the US

‘In addition, many US based firms experience compliance restraints when opening accounts for foreigners. Expats looking to manage their investments outside of their home countries have lots of questions, but not enough options when it comes to firms addressing their concerns,’ he added.

When expats are ready to move back home, SRCM helps them repatriate their assets and tax liabilities in their respective countries without having to change accounts by converting the assets into the currency of the domicile.

Saddle River Capital Management is not a tax advisor and it advises those seeking more information regarding their tax situation to consult a tax professional.


Open all references in tabs: [1 – 3]


Friday, June 27th, 2014 EN

No comments yet.

Leave a comment

You must be logged in to post a comment.