American Expat Financial Advisory firm Dunhill Financial has announced a partnership with Praemium International Limited to offer Dunhill’s Investment Portfolios to American Citizens in Europe using Praemium’s Platform & Custody services. The Praemium Group has over 475,000 clients worldwide. Praemium Limited, the parent Company, is AXS listed and headquartered in Melbourne, Australia.
The portfolios will be composed of approved investments that are registered in the US, which will prevent them from being categorised as Passive Foreign Investment Companies (PFICs). Compared to traditional US portfolios, these portfolios will have a higher proportion of euro-denominated investments to create a natural currency hedge for an American that intends to retire in Europe.
Praemium International is a Qualified Intermediary and will undertake the required IRS reporting and provide US Compliant tax reports for investors on an annual basis.
Dunhill Financial will start by offering three model portfolios, Growth, Moderate Growth and Moderate with a global allocation, but concentration in euro-denominated investments. Dunhill intend to expand these to all seven European models and other currencies that the advisory unit of the firm currently use for their clients.
Get a complimentary copy of the American expat guide at https://www.dunhillfinancial.be/american-expat-financial-guide for more information about the financial planning process as an American expat.
DUNHILL FINANCIAL, LLC IS A REGISTERED INVESTMENT ADVISER. INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES, INVESTMENTS, OR INVESTMENT STRATEGIES. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HEREIN.