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.
Financial 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
Manage your IRA and 401k effortlessly as an American expat in France. We specialise in consolidating and advising on US-based retirement accounts for both temporary and permanent residents abroad. Neglecting continuous management and reviews of your retirement funds can lead to missed opportunities and increased risk exposure, particularly as retirement approaches. Stay proactive to secure your financial future, ensuring optimal performance and minimizing potential risks. Whether you’re overseas temporarily or permanently, our expert guidance ensures that you make informed decisions to safeguard your retirement savings. Don’t let distance be a barrier to smart financial planning; entrust us to handle your US-based retirement accounts while you enjoy life in France.
US compliant investment platform
Ensuring compliance with reporting obligations is crucial for US citizens residing in France when making investments. Most European-based investments typically entail Passive Foreign Investment Company (PFIC) components. If held in portfolios of individuals with ties to the US, the IRS enforces substantial tax penalties. Adherence to reporting requirements is imperative to avoid complications. European investments often involve PFIC elements, triggering IRS penalties for US-connected individuals. Thus, careful consideration of compliance is vital for those investing while residing in France. Non-compliance with reporting regulations can result in significant financial repercussions imposed by the IRS. Therefore, it is essential for US citizens in France to navigate investment choices with a keen awareness of potential PFIC implications and reporting obligations to mitigate tax-related risks.
