Insights & Analysis
Major U.S. brokerage firms are closing accounts held by foreign residents, leaving millions of Americans abroad scrambling to find alternatives. This shift — driven largely by regulatory compliance costs — is reshaping how expatriates manage their wealth. Here's what's behind the trend and what cross-border families should do about it.
As globalization accelerates, more families span multiple countries and tax jurisdictions. Independent financial advisors have a unique opportunity to serve this underserved market — but only if they understand the complexities of cross-border wealth management, from dual-taxation treaties to foreign pension rules.
While U.S. equity markets dominate investor conversations, international markets offer compelling diversification benefits and valuation opportunities. With emerging economies growing faster than developed ones, cross-border portfolios are increasingly essential for families seeking long-term growth.
Foreign nationals working or living in the United States face a uniquely complex tax landscape — from the substantial presence test and treaty benefits to FBAR filing requirements and cross-border estate planning. Understanding these obligations before they become penalties is critical for anyone navigating the U.S. tax system as a non-resident.
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