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General Guidelines and Administration

Moving Money: A Guide to International Wire Transfers

The best and most common way to move currency from country to country is through a wire transfer. Wire transfers are electronic bank to bank transactions. They can be initiated directly from your bank or other financial institution, such as your investment brokerage house.

Planning a move to another country is an exciting, but daunting undertaking which requires significant planning and preparation. There are many things to consider; where you'll live, where your children will go to school, arranging compensation agreements, and so on. So it's not surprising that new expats often fail to arrange their financial lives properly before making their move. This can be a costly mistake.

We advise American expats to hold their investment assets at a large, reputable US brokerage firm. There are several reasons why we recommend this, including:

Who you hire to manage your money is one of the most important decisions you'll make in your life, so take it seriously. We recommend you interview more than one advisor, and listen to your gut. Below are some interview questions you may consider asking when interviewing a potential advisor. We've also included some guidance on what sort of answers to listen for.

In the aftermath of the financial-market crisis, investors are leaving Wall Street to sign on with independent investment advisers. Investors seeking to repair their damaged nest eggs say the chief lure of independent advisers is more-objective guidance. To hire an independent who suits your needs, you should consider how much you have to invest, how much you can afford to pay and whether you want someone to oversee your entire financial life, or just pieces of it.