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Providing financial advice for American expats

There are thousands of Americans living in Central and Eastern Europe as well as across the rest of the continent who may be in need of a financial investment advisor.  Because of the Foreign Account Tax Compliance Act (FATCA) many banks are “firing” their US clients rather than deal with the hassle of IRS compliance issues. There are a lot of great reasons to have your investments in the United States if you are an U.S. citizen. 

However, until now, there may not have been anyone you could meet with “face-to-face” to talk about your goals, dreams, and needs for savings and investments.   Greenberg Financial Group (GFG) and Square Mile Financial Services (SMFS) are teaming up* to help US ex-Pats living in Europe.  Dan S. Martin, a Registered Representative with GFG will be coming to Europe on at least a quarterly basis to meet with clients and help them with their savings and investment needs.  This will allow for face-to-face interactions that are critical to building long-term relationships.

Because all assets will be held in the USA, these accounts will comply with US reporting requirements as well as have the protections of a US based financial services firm.  Mr. Martin will work with clients to help them clarify their goals, retirement savings and/or income needs, their risk tolerance, and time horizon for investments.  While we don’t provide tax or legal advice, we do have qualified experts that we can suggest who can help with those issues of living abroad.

Mr. Martin and Mark O’Brien, principal at SMFS, had met and talked about the possible opportunities of providing services for US ex-Pats and were actually surprised to find that there are few if any advisors who are willing to deal with US clients, other than those with millions to invest.  Mr. Martin said “Just because a client “only” has $100,000 in investments, they still have the same needs as someone with millions.  They need an advisor who will listen to what they are trying to accomplish, what that money means to them, what their goals are.  They need some face-to-face time with an advisor at least once or twice a year just to “check-in” and see what is going on in the person’s life, their career, etc.  Most investment firms send clients with less than $250k to a call center.  We at Greenberg [Financial Group] not only don’t have a call center, we don’t even have voicemail during market hours.  We believe that a real person should answer the phone and that person should be able to answer a client’s question, or quickly find someone in the office who can. I love to travel and my family’s roots are in Central Europe so I wanted to develop a practice that allows me to travel and help Americans who otherwise are being ignored by most financial advisory firms.

Markets are complicated and saving and investing takes discipline and experience.  Greenberg Financial Group has over 100 years of combined market experience with our advisors and we collaborate and share that collective knowledge with each other in a very collegial atmosphere that benefits all of our clients.” 


About the author: Dan Martin is an American citizen  registered respresentative of Greenberg Financial Group ( www.greenbergfinancial.com)

*Square Mile Financial Services, S.R.O. and Greenberg Financial Group are not affiliated in any way. 

 
 
 
 
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