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SRCM launches expat wealth management service

Fri, 27/06/2014 - 12:09

Saddle River Capital Management (SRCM) has launched a service to help expatriate clients – foreigners living in the US and US citizens living abroad – manage their investments.

Saddle River has identified many investors as stranded between tax and regulatory regimes in the US and elsewhere which has prevented senior executives from complying and meeting their investment objectives.
 
The Expat Wealth Management service assists expats in complying with US tax regulation in investment management, retirement planning, college planning, insurance, and estate planning via exchange-traded funds (ETFs).
 
This new offering brings US style investments to expat investors looking to invest USD500,000 to  USD5,000,000, subject to their personal tax considerations. Many expat investors are not aware of many of the 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 can help clients simplify their investments by handling multi-jurisdictions in multi- 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,” says 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 USD5 million. 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.”
 
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.


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