Unfortunately, however, if you are an expat living in the United States, this can be difficult; British people and Americans may share a language and a similar culture, but the cultural differences which exist often seem magnified when it’s time to sit down, face-to-face, to talk about money.
Not just a question of technical expertise
Although technical expertise and detailed cross-border financial knowledge are essential requirements of the expat wealth manager, these things can count for little if they are not complemented by an easy understanding of the client’s culture and outlook.
This is one of the most frequently overlooked components of financial advice: the human factor. Because good financial advice is as much about conversation and communication as it is about technical expertise and detailed strategy. For example, it can be difficult to help the client understand how their emotions might influence their investment decisions during times of market volatility if the advisor and client are not using the same emotional vocabulary.
A British-based service in the United States
Blacktower (US) LLC is marked by a British approach and a largely British staff, so we can bring the familiarity and clarity of a British-style financial advice service to expat clients in the United States.
And because we marry this British approach to financial advice with a detailed technical and practical understanding of the US market, as well as the unique UK-US cross-border retirement planning considerations, we believe that we should be the first-choice financial advisor for any British expat in the US, wherever you are based.
However, you don’t have to be British to enjoy the Blacktower advantage, we have a broad range of staff whose varied experience ideally places them to work with clients from across the world and also for American expats who are living, working or retiring in the EU.
For more information, speak with us today.
* Figures quoted by Kathleen Burns Kingsbury, founder of KBK Wealth Connection, on CNBC: https://www.cnbc.com/2019/04/30/the-us-is-in-a-financial-literacy-crisis-advisors-can-fix-the-problem.html Accessed 19-07-19
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.
Investment advice and investment advisory services offered and provided through Blacktower Financial Management US, LLC. This communication is for informational purposes only based on our understanding of current legislation and practices which are subject to change and are not intended to constitute, and should not be construed as, investment advice, tax advice, tax recommendations, investment recommendations or investment research. You should seek advice from a professional 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.