Where do I find a Financial Advisor?

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Topic Author
Alistair
Posts: 209
Joined: Fri Oct 17, 2008 9:01 am

Where do I find a Financial Advisor?

Post by Alistair »

Hi all - I've just moved the the US from the UK, and would ideally like an advisor who is familiar with the tax aspects of different US investments, while also being able to cope with the implications of my former home being let out in the UK for example.

I'm in New York, so you'd think this would be easy... but it's not clear to me where to go to find someone. Does anyone know of a business directory or 'best-of' website or similar?

Many thanks,
Alistair
chaz
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Joined: Tue Feb 27, 2007 2:44 pm

Post by chaz »

Alistair, I suggest a search on Google. Good luck.
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page
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tom0153
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Joined: Wed Apr 16, 2008 11:33 am
Location: Little Neck, NY

Re: Where do I find a Financial Advisor?

Post by tom0153 »

Alistair wrote:Hi all - I've just moved the the US from the UK, and would ideally like an advisor who is familiar with the tax aspects of different US investments, while also being able to cope with the implications of my former home being let out in the UK for example.

I'm in New York, so you'd think this would be easy... but it's not clear to me where to go to find someone. Does anyone know of a business directory or 'best-of' website or similar?

Many thanks,
Alistair
Alistair,

Ask at your consulate if they maintain a listing of tax professionals who have been recommended to them, or recommended by them, in the past.

You may have to bounce around a bit. However, be sure to include their business librarian in your search, she may know just where that list is kept.

Best,
Best, Tom
dbr
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Joined: Sun Mar 04, 2007 9:50 am

Post by dbr »

One comment is that financial advisors as such and tax consultants are two different classes of professionals for the most part, so you want the second, not the first.

As you probably already are aware the vast majority of financial advisors in the US are salesmen for investment companies or at best people who want to tax your assets at some percentage to provide you with services that may or may not be worth the price paid.
muddlehead
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Joined: Mon Sep 22, 2008 2:03 pm

Post by muddlehead »

interesting question. i would attempt to find some others who have similar circumstances in new york or the u.k. before paying anyone. you'd think someone on this very board could help.
pkcrafter
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Post by pkcrafter »

Alistair,

There is a NY chapter of Bogleheads. You can PM one a few of them for references. I do agree that you need a CPA first, and then, if necessary, an advisor.

Link to post from NY Bogleheads.

http://www.bogleheads.org/forum/viewtopic.php?t=24980


Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.
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Adrian Nenu
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Post by Adrian Nenu »

http://efmoody.com/daughter.html

How to find a financial planner/adviser.

Adrian
anenu@tampabay.rr.com
nun
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Re: Where do I find a Financial Advisor?

Post by nun »

Alistair wrote:Hi all - I've just moved the the US from the UK, and would ideally like an advisor who is familiar with the tax aspects of different US investments, while also being able to cope with the implications of my former home being let out in the UK for example.

Many thanks,
Alistair
Well this forum is a good start. You don't need a financial adviser you need a dual qualified tax specialist.

UK firms that do this are

www.britishamericantax.com
www.towertax.com
www.thefrygroup.com

The first thing you need to know is your US immigration and visa status. Are you a UK citizen? are you resident in the US?

If you are a UK citizen, but resident in the US for tax purposes you'll have very little to worry about from HMRC except letting of your UK house. US investments like mutual funds, ROTH, IRAs, 401ks etc are all open to you.
However, depending on you US immigration status any UK investments might be an issue, particularly unit trusts.

FYI if you've been paying UK NI you might be able to pay Class 2 voluntary contributions so you'll get full state pension. They are a great deal, 2008 full year contribution was just 114 pounds, that's just over 2 pounds a week. Also if you are working in the US you'll be paying Social Security and if you work for 10 years or more you'll get a Social Security check form the US too!
Topic Author
Alistair
Posts: 209
Joined: Fri Oct 17, 2008 9:01 am

Post by Alistair »

All very helpful - I will follow up. Thanks everyone.

A.
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