
3 exciting new things happening at BMP Wealth
The past few months have been a busy time for BMP Wealth.
In addition to guiding our clients through the upheaval created by the coronavirus pandemic, we’ve been launching a range of exciting new services.
We’re really pleased to finally be able to share the details of three of these new developments. They include our brand-new website, a monthly client newsletter, and a new proposition for US expats living in Hong Kong.
Read on to discover more about our new services.
1. We’ve revamped our website
Behind the scenes, we’ve been busy working on the launch of our new website. We wanted to have a site that reflects our values, showcases the services we offer, and provides some useful insights on the news affecting your finances.
Our new website highlights our core aim, which is to help you live the lifestyle you want for the rest of your life, without running out of money.
The way we work revolves around three key pillars: Build, Manage, Preserve. By that, we mean we put the foundations in place to build your wealth over time, we help you organise and manage your existing wealth, and we make sure your wealth is securely protected.
You can read more about what we do on our new website, and find out how we’ve helped our clients transform their financial lives. You can also check out some of the specialist services we offer; discover our investment approach; read a broad array of market commentary, news and blogs.
2. We’ve launched a monthly client newsletter
You have become familiar with our monthly market update. However, we know how hard it is to keep on top of all the news and information affecting your money. To help, we’ve launched a regular client newsletter, which will hit your inbox every month. You’re reading the first one right now!
Each month, we’ll present you with three articles that we hope will enable you to build, manage and protect your wealth. These will include (not all at once):
- Any update on the go at BMP Wealth
- How-to guides on growing and managing your money more effectively
- Market updates
- The latest news affecting your finances, including macro events and regulatory plus tax changes.
- Any lifestyle issues related to money.
We hope there will be something for everyone, no matter where you are in your financial journey. If there are any subjects you’d like us to cover, please get in touch.
3. We’ve created a new proposition for US expats
An important role for BMP Wealth managers is to ensure our expat clients’ wealth needs are taken care of – both here in Hong Kong and in your home country. Many expats still have assets in their home country, or plan to return there in the future.
We’ve provided specialist services for UK, Australian and French expats for some time, and we’ve now created a proposition for US expats. If you’re a US citizen, are considered a US person, or are an ‘accidental American’, investing and banking can be significantly more difficult than it is for other expats.
As an American, it can be hard to find an investment adviser or manager. FATCA – the Foreign Account Tax Compliance Act – imposes severe penalties on Foreign Financial Institutions (FFIs) who don’t comply with strict rules around reporting ties with US-connected individuals. As a result, many institutions simply refuse to take US clients.
In addition, there are different types of investments for Americans in Hong Kong and choosing the right one can mean a substantial difference in your tax bill.
Our new service ensures US expats can benefit from BMP Wealth’s investment principles:
- Compliance – we ensure all portfolios for US-connected individuals are fully compliant with FATCA and IRS reporting rules, thereby saving you time and accountancy bills
- Liquidity – some investment solutions for Americans require you to have your investments locked up until retirement, however, there are other options
- Flexibility – we try to ensure you can take your investments with you if you move to another location or back home
- Volatility – we make sure your investments don’t adopt more risk or volatility than is required to achieve your goals
- Cost and value – we take advantage of cost-efficient investment structures, while keeping an eye open for superior management or strategies
- Return – we look for investments that generate strong net returns without compromising liquidity.
Our new proposition can ensure you’re in the right type of investment to help you to achieve your goals, and that the investment is compliant with all the US reporting requirements and complicated definitions for acceptability.
Get in touch
For more information on how we can help you build, manage and preserve your wealth, please email info@bmpwealth.com or call +852 3975 2878.
Please note
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.