Chase Buchanan Wealth Management has unveiled a financial support service for US expats navigating a move to Europe.
The service offers financial advice, tax planning and investment services.
It is led by Alex Ingrim, private wealth manager and senior investment analyst at Chase Buchanan. Ingrim is a US national and an Italian resident.
Ingrim said: “We are delighted to launch our new service, working with US nationals living in Europe who need authentic advice they can trust.
“Having relocated from the States myself, I am well aware of the stresses and financial pressures this involves. I am excited to make the transition smoother, better supported and more financially favourable for US expats moving across the EU region.”
There are a range of complexities for US nationals living in Europe due to the US’ unique system of citizenship-based taxation on worldwide income, rather than residency-based taxation models utilised by all other countries except Eritrea.
Most European financial institutions also are unlikely to work with Americans due to the complications of the Foreign Account Tax Compliance Act (Fatca).
Increase awareness
The firm said that many US expats “relocate without a thorough understanding of the available opportunities and risks associated with an international move”.
Lee Eldridge, Chase Buchanan Group chief executive, added: “Chase Buchanan has been supporting US expats for decades, and we are well-versed in the financial advice gap that often exists. The new specialist support desk for US expats is one of our latest expansion measures, as we seek to enhance access to comprehensive, face-to-face advice from financial advisers who take a proactive approach to seeking out the very best solutions and recommendations.
“Our drive is to provide quality, reliable financial advice and ensure every client receives the personal service we offer, making informed decisions with assistance from skilled financial advisers who understand each aspect of a European relocation.
“We recognise that every expat client can choose any financial adviser, and are proud to be a market leader in wealth management, setting the highest possible professional standards for integrity, financial expertise and client support.”
Chase Buchanan Wealth Management is a global wealth management firm with offices in Belgium, Cyprus, Malta, Portugal, Spain, Canary Islands, USA, UK and Canada.
