Underserved Client Class: Foreign-Born Workers Many advisers shy away from expats because of their financial complexities, but they can be a rewarding challenge U.S. multinational companies—especially in technology and finance—are bringing in talent from around the world and changing the face of workplaces and communities. In Silicon Valley, where […]
I am excited to announce the impending release of my new book – The Cross-Border Family Wealth Guide: Advice on Taxes, Investing, Real Estate, and Retirement for Global Families in the U.S. and Abroad, with Foreward by Tim Kochis. Whether you’re an American living abroad, or foreign-born and living in […]
In 2015, 4,279 American expats renounced their U.S. citizenships, according to the U.S. Treasury. This figure represents a roughly 25 percent increase from 2014 and continues a trend that has seen the number of renunciations rise nearly 500 percent since 2009 (742). A recent blog post by The Tax Foundation […]
As part of our article series on issues in Cross Border Wealth Management, the following is an illustration of some of the key implementation strategies we come across in helping cross border professionals manage their complex financial affairs. “Our financial affairs are so complicated because we have stuff all […]
This article is the first in a series of industry content from Worldview Wealth Advisors designed to help financial professionals better understand the opportunities available in the cross-border financial planning marketplace. Globalization is increasing and the world is becoming ever more connected, driven by companies expanding globally, technology companies […]
A Personal Financial Specialist (PFS) is a Certified Public Accountant (CPA) who meets the financial planning requirements established by the American Institute of Certified Public Accountants (AICPA). The credential is awarded only to CPAs who demonstrate the requisite experience, education, examination, and ethical standards established by the AICPA. What are the requirements? In order to […]
I think they did a great job of explaining that the trend of people renouncing their US citizenship is about more than just taxes. Is renouncing U.S. citizenship financially favorable?
None of us is immune to the challenge of trying to understand the ever-changing tax picture that confronts U.S. Citizens living, working and investing domestically. The nuances and burdens of Alternative Minimum Tax, evolving State tax laws and the estate tax landscape in flux are all but examples of this phenomenon.