International investment and financial planning firm Blacktower Financial Management Group has announced the launch of its new American Desk, a service that assists US expats in transferring their financial arrangements when relocating to Portugal.
Gibraltar, 12th September 2022
The Blacktower Financial Management Group, providers of bespoke individual and corporate financial planning, has today announced the launch of its new American Desk, an offering designed to provide tailored financial services to those moving from America to Portugal.
Blacktower’s Group Managing Director, Gavin Pluck, comments: ‘Over the past few years we have observed Portugal climbing the ranks to become Europe’s most popular destination for US expats. Despite the increasing number of American nationals requiring financial services when moving overseas, the regulatory barriers have resulted in many financial planning firms being unable to fulfil the demand in this area. However, Blacktower, being regulated in both the US and Europe, is able to offer the kind of comprehensive solution that these expats need, with a physical presence of experienced advisers in both countries providing quality, face-to-face service. It is a tailor-made offering that we are delighted to extend to our existing and future clients.’
The Blacktower Group was established 1986 to provide holistic financial planning to clients across the globe. They expanded overseas in 2000, opening their first offshore office in the Algarve. Since then, the company has expanded internationally and opened their New York-based US entity in 2017.
Group Chairman, John Westwood, states that ‘the launch of the American Desk prioritises convenience for our clients; we understand that relocating overseas can be a daunting undertaking and so alleviating some of the pressure that stems from transferring financial arrangements is of real value. The American Desk provides our clients with a simple solution to what can be a complex process. Whilst this initiative will initially be focused on Portugal, we are planning to introduce similar services across Europe and perhaps internationally in the near future’
For more information, click the link below.
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.
In September 2017, it was announced that the Portuguese Government, following pressure from Sweden and a number of other European countries, was looking to water down the country’s non-habitual residency (NHR) tax regime, potentially bringing to an end a programme that has worked in the interests of expats since 2009. The uncertainty this proposed move provoked certainly threatened to put a dampener on the financial plans of quite a number of expats and would-be expats as they moved into 2018.
Pensions are integral to