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Opportunities in servicing US-connected individuals in Europe
Thu 11 May 2017, 08:30 – 10:30 CEST
There is an estimated $1 trillion in cash held by over 10 million U.S. expats and U.S. “connected individuals” living outside of the United States. Since the implementation of FATCA, providing investment solutions for U.S. expats has been increasingly problematic.
In addition, even if funds like UCITs will accept U.S. connected investors, they are being treated as non-reporting PFICs and many investors are being taxed punitively.
It has been an industry practice to either allocate such clients into individual stocks rather than pooled vehicles, which represents a significant additional cost to the Asset Manager or turn away such clients altogether.
An X-Note® has been created specifically to address this problem, it is a revolutionary wrapper for investment products allowing expats of all types to access investment markets, and provides investment fund managers and client wealth advisors an easy solution to the reporting complexities for these investors.
Join our experts to learn how an X-Note® works and how it can help your business access this underserved market, providing significant revenue and growth potential.