I am preparing for our move over to Singapore and have come across quite a bit of discussion at online forums in regards to FATCA legislation and US brokerage firms (Fidelity, etc) placing limitations on US clients who reside overseas. I had a discussion with my brokerage and they essentially allow you to hold on to existing positions in my brokerage and IRA accounts but do not allow any new stock/mutual fund/ETF purchases and only allow liquidating sales while overseas.
I am now looking at some banks which specialize in service to US EXPATS (Interactive Brokers, TD Ameritrade Asia are a few), I am wondering if anyone has any experience in this as it seems this is something that the major banks have begun within the past few years due to FATCA legislation.
I am now looking at some banks which specialize in service to US EXPATS (Interactive Brokers, TD Ameritrade Asia are a few), I am wondering if anyone has any experience in this as it seems this is something that the major banks have begun within the past few years due to FATCA legislation.