Contact

News & Insights

BLACKTOWER FINANCIAL MANAGEMENT GAINS ACCESS TO PANAMA MARKET

International investment and financial planning firm, Blacktower Financial Management Group, announces the launch of its offering in Panama.

Gibraltar, 10th October 2022

Blacktower Financial Management Group, providers of individual and corporate financial planning, has today announced that they are now licensed to offer their bespoke services in Panama. This follows the recent acquisition of a full broker dealer licence for their Cayman entity and the group’s expansion into Swiss and Australian markets this time last year.

Blacktower asserts that their full range of services, including overseas pensions advice, tax planning and wealth management, will be available to both residents and expats, after acquiring the regulatory and licensing requirements needed to operate in this region.

Blacktower have also delineated the opportunity this presents for their IFA network, Nexus Global, which was established back in 2010. Group Managing Director, Gavin Pluck, states that ‘it can be incredibly challenging for advisers and smaller wealth management firms to gain access to smaller markets such as Panama; this expansion is not only significant in Blacktower’s development, but it also represents a pivotal moment in the evolution of our IFA network and offers a real opportunity to those operating under our regulatory umbrella’.

Chairman and founder of both Blacktower and Nexus, John Westwood,  adds that ‘Panama, whilst small, is a valuable addition to our regulatory footprint. It has proved itself to be one of the fastest growing economies in the last decade,doubling its income per capita. With our Cayman entity just across the Caribbean sea, it is incredibly encouraging to see Blacktower cementing its presence in this part of the world and illustrates our ongoing expansion outside of Europe in to regions such as LATAM.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Health Savings Accounts and Expatriation

Health savings accounts (HSAs) are an attractive and popular complement to the retirement plans of an increasing number of Americans. The Employment Benefit Research Institute (EBRI) reports that around 3 in 10 employees in the US are enrolled in HSA-eligible health plans.*

Although an HSA is not a retirement account per se, they are frequently a component of a retirement saving strategy as they can be used to cover qualifying healthcare expenses while also offering tax-friendly advantages, particularly if the account holder is able to compound the account’s balance over years.

Read More

Five Top Tips for Cross-Border Investing and Retirement Planning

The most important thing you can do as a either a resident alien or non resident alien in the US, or as an American citizen moving abroad, is to take advice in relation to your cross-border investing and retirement planning options.

Here are five top tips from Blacktower (US) LLC to help you ensure that you and your finances do not fall foul of the Foreign Account Tax Compliance Act (FACTA) and some of the more impenetrable facets of wealth management and retirement planning in the US.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: