Unlike European countries, the United States operates a strict policy of protectionism. That is to say, they do their utmost to keep US money invested in US companies and structures.
Falling foul of these rules can result in unwanted tax bills and penalties, so it is essential that correct and regulated advice is taken at all stages.
Services for American Expats
At Harrison Brook, we are holistic financial advisers who are regulated stringently by the Securities and Exchange Commission (SEC) in the US, as well as throughout Europe via the Cyprus Securities & Exchange Commission (CySEC) and the Insurance Companies Control Service (ICCS).
This allows us to provide the full spectrum of services for Americans living around the world, including IRA accounts, 401K rollovers, and US compliant investment platforms and solutions.
Products for American expats
IRA and 401K management
We are able to consolidate and advise on your US-based retirement accounts whilst you are living abroad, whether it’s a temporary or permanent move. Failure to maintain ongoing management and reviews of your retirement provisions can result in lost opportunities and greater exposure to risk, especially when reaching retirement age.
US compliant investment platform
It is essential that any investment made as a US citizen living abroad does not fall foul of reporting requirements. Most standard European-based investments will have Passive Foreign Investment Company (PFIC) elements. When these are held in any portfolio belonging to a US-connected individual, the IRS imposes significant tax penalties.