New Jersey-based Saddle River Capital Management has rolled out a new service designed to assist expatriate clients, foreigners living in the US and US citizens living abroad to manage their investments and tax considerations.
The Expat Wealth Management service will help expats in complying with US tax regulations in investment management, retirement planning, college planning, insurance, and estate planning through exchange-traded funds (ETFs).
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Furthermore, the new service also seeks to help people simplify their investments by handling multi-jurisdictions in multi-currencies in one platform.
It also brings US-style investments to expat investors planning to invest between US$500,000 and US$5million, subject to their personal tax considerations.
Saddle River Capital Management managing director Richard Wolfe told FT Adviser, "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."
"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 £2.93m. Many US firms experience compliance restraints when opening accounts for foreigners," Wolfe added.
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By GlobalDataWolfe further told the publication, "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.
