by Tom Zachystal | Aug 20, 2021
In June, and again in August 2021, US brokerage firm Wells Fargo sent letters to many of its clients living outside the USA saying that they need to move their accounts to another brokerage firm by the end of September 2021. The letter states in part that “Wells Fargo...
by Tom Zachystal | Sep 16, 2016
Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of October 1, 2016. The letter typically states the following: We have conducted an extensive review of our non-US...
by Tom Zachystal | Aug 16, 2016
Over the last few years I have written a number of articles on why US brokerage firms are closing accounts for American citizens living outside the USA and how we help those affected address the situation. It seems the severity of this issue is increasing. Recently...
by Tom Zachystal | Jun 16, 2015
Dealing with financial matters has become increasingly difficult for US citizens living outside the USA over the last few years as a result of what is called FATCA (Foreign Account Tax Compliance Act), which has led to both US and non-US financial institutions being...
by Tom Zachystal | Nov 16, 2014
It is estimated that there are between six and seven million U.S. citizens living outside the USA. As many formerly “emerging” markets become more developed Americans are finding that life in places like Ecuador, Uruguay, and Thailand may offer a good standard of...
