Three New Investment Services Built for Foreign Nationals

For foreign nationals, sound investments can pave the way for personal and business financial stability and growth in the U.S.  Of course, there are plenty of financial and legal details to consider before building your investment portfolio. A U.S. financial institution with experience servicing foreign nationals, such as First American Bank, can guide you through the account process and create a wealth management plan tailored to your needs.

Before making important investment decisions, learn what to expect as you explore investment options with a U.S. financial institution. Discover the benefits of new investment  services for foreign nationals from First American Bank.

What foreign nationals need to know before opening an investment account in the U.S.

U.S. banks must comply with Bank Secrecy Act / Anti-Money Laundering (BSA/AML) laws and regulations. BSA/AML compliance divisions at U.S. banks require multiple forms of identification and considerable personal information to authenticate you and your business.

Compliance can be a long process, so make sure the answers and information you provide are accurate and thorough to avoid delays. Follow-up questions and requests for more information aren’t unusual, so you’ll need to be patient as you work through the process with your U.S. bank.

A bank with dedicated resources for the foreign nationals market will have methods to streamline this process. First American Bank can expertly guide you through the account opening process. Leveraging a network that specializes in assisting foreign nationals—like attorneys, accountants, insurance agents, and realtors—saves you time and effort and eliminates frustrations.

Certain investments may expose you to U.S. taxes

Seek competent tax advice before selecting your investment vehicles.  As you invest in the U.S., you begin to expose yourself to U.S. taxes which may substantially reduce your ultimate returns. Offshore funds may help avoid this outcome.

New wealth management services for foreign nationals

First American Bank’s new Foreign National Investment Program offers foreign nationals wealth management services they often won’t find at other U.S. financial institutions. Our investment professionals can help foreign nationals make informed decisions about investment opportunities—including stocks, bonds, and mutual funds—that drive portfolio diversification and the potential for    attractive returns:

1. Tailored offshore asset allocation

Offshore assets enable you to diversify your portfolio, seek higher returns, and benefit from tax advantages. But to make the most of these assets, they must be properly allocated. Building an effective allocation strategy requires a stringent understanding of securities and the legalities of offshore investments.

First American Bank’s Offshore Asset Allocation program is designed for foreign nationals looking to invest in mutual funds. Carefully constructed by our investment teams and generally domiciled in Luxembourg or Ireland, First American Bank’s offshore asset allocation portfolios are composed of thoroughly vetted mutual funds and modeled specifically to meet the needs of non-U.S. residents. Our dedicated foreign national financial advisors can guide you on how to best strategically allocate and manage your investments to meet your financial goals.

2. Customized securities portfolios

To build a portfolio that aligns with your tolerance for risk and returns, you need a financial partner that combines a close understanding of foreign national tax laws and market dynamics. 

Customized offshore asset allocation portfolios from First American Bank are tailored to an investor’s goals—from capital preservation to long-term appreciation. Our investment teams use a security selection process based on solid fundamental analysis and risk tolerance, and diversify across a managed mutual fund platform for equity and fixed income securities.

3. Actively managed investment portfolio

First American Bank’s active, disciplined portfolio management approach keeps foreign nationals informed and on the path of stability and growth. Our financial advisors consistently review your portfolio for performance and risk based on each security’s history and future expectations as well as market conditions, near- and long-term economic outlook, and the potential impact of future events.

Smarter investment strategies start with First American Bank

Building a life in the U.S. is filled with exceptional opportunities for you and your business. But as a foreign national, you need to be aware of special considerations when managing your wealth. You can trust the experienced financial advisors at First American Bank. We’re experts at foreign national wealth management—from smartly setting up accounts to knowledgeable offshore asset allocation programs and securities identification, and active portfolio management. 

First American Bank is excited about the benefits our new specialized investment services provide for foreign nationals. Partner with us to meet your personal and business financial needs.