Gibraltar-headquartered Blacktower Financial Management Group has unveiled an American desk to provide financial services for US nationals moving to Portugal.
The offering will be initially be focused on Portugal, but the firm said that it is “planning to introduce similar services across Europe and perhaps internationally in the near future”.
Blacktower did not expand on the services it will be looking to offering the US nationals.
Gavin Pluck, group managing director at Blacktower, said: “Over the past few years, we have observed Portugal climbing the ranks to become Europe’s most popular destination for US expats.
“Despite the increasing number of American nationals requiring financial services when moving overseas, the regulatory barriers have resulted in many financial planning firms being unable to fulfil the demand in this area.
“However, Blacktower, being regulated in both the US and Europe, is able to offer the kind of comprehensive solution that these expats need, with a physical presence of experienced advisers in both countries providing quality, face-to-face service. It is a tailor-made offering that we are delighted to extend to our existing and future clients.
John Westwood, group chairman at Blacktower, added: “The launch of the American desk prioritises convenience for our clients; we understand that relocating overseas can be a daunting undertaking and so alleviating some of the pressure that stems from transferring financial arrangements is of real value. The American desk provides our clients with a simple solution to what can be a complex process.”
