Andrea, Head of Advanced Planning, features in the March-April 2018 edition of The American discussing Trump tax reform and how it will impact inheritance tax for Americans living in the UK. A US domiciliary resident for gift and estate tax purposes now enjoys a lifetime allowance double that of 2017 thresholds. For the full article, please click here.
Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios.
Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the currency, and no regulator or nation state stands behind it.
In a recent issue of The American, Andrea, Head of Advanced Planning, discusses tax-efficient 401(k) planning. There can sometimes be unique planning opportunities that exist for individuals with US 401(k) retirement plans to help facilitate drawdown. For the full article, please click here.
Last week I was discussing with a client the recurrence of similar themes in financial markets across the decades. For example, the ostensible similarities between the “Nifty Fifty” era of the late 1960s and early 1970s and the current fascination with the “FAANG” stocks – Facebook, Apple, Amazon, Netflix and Google parent Alphabet. For those who weren’t around then, the Nifty Fifty stocks were a basket of famous names that were the leading growth stocks of their day. It was said that they were “single-decision stocks” which meant that you could simply buy them and hold them on the basis that they would always grow. They included the likes of Kodak, Coca Cola and Xerox.
In a recent issue of The American, Andrea, Head of Advanced Planning, discusses social impact investments. As it is becoming increasingly common to invest in a manner consistent with specific values and principles, you may want to learn about how to weave social investment into your investment plan. For the full article, please click here.
James Sellon was recently interviewed by Spears Magazine for an article about how focusing on what clients actually want and need is giving some wealth managers an edge over the formulaic offerings of giant corporations. To read the full article entitled Just About Managing, please click here.
With the holiday season in full swing, what better way to be reminded of the importance of the season than through Heathrow’s Christmas advert. Arguably one of the best adverts to come out this year, it follows two elderly bears on their travels to London in order to spend Christmas at home with their loved ones.
The arrival gate at Heathrow is that quintessential place that captures the pure joy of families, friends and loved ones being reunited after time spent apart. No matter how far we go, nothing feels quite like coming home. As many of us get ready to travel this holiday season, Heathrow’s advert serves as a timely reminder of what so many of us treasure and yet so often take for granted.
Wealth management is the art of managing risk in an effort to optimise reward. For US citizens living in the UK, risk management needs to go beyond the classic issues of retirement planning involving how much money will be needed to retire, or at what age is retirement feasible. Expats need to also understand whether any foreign exchange risk lurks in their underlying portfolios.
MASECO Private Wealth has expanded its investment team to strengthen its strategic position in the application of smart beta factor investing for private client portfolios. Helge Kostka has joined MASECO and is responsible for directing the firm’s investment policy and strategy, as well as managing all aspects of MASECO’s $1bn+ global asset portfolios. Helge also leads the Research Team that works closely with the academic community to identify relevant applications for MASECO’s discretionary portfolios.
Prior to joining MASECO, Helge helped to establish and grow the presence of Research Affiliates in Europe. The firm is a recognized global leader in smart beta and asset allocation, with approximately $160 billion in assets managed worldwide using investment strategies developed by their research teams.
You’ve been in the UK for 5 years –here are the key financial considerations you should begin thinking about
As an American living in the UK, almost nothing related to your financial affairs is easy. The consequences of seemingly simple decisions – such as how to pay for a new home or purchase a mutual fund – may create unnecessary tax charges and complexities. There are a number of key milestones that occur, from the time you arrive in the UK to the time you potentially approach and eventually reach retirement. Many of these changes will impact the appropriate wealth management strategies for American expats.
Understanding how rules will change for you over time will allow you to plan ahead and make prudent financial decisions. In this edition we will address some of the important financial considerations that a US person should be aware of once they are tax resident in the UK for more than 7 out of the last 9 years.
Upon arriving in the UK, most Americans are non-domicile for income tax purposes. Usually you can elect to pay tax on the remittance basis so that UK tax is only paid on foreign income or gains when they are brought into the UK.
Click here to see the article written by Andrea Solana.