Leo Wealth Featured In Barron’s Financial News
August 26, 2021
The Leo Wealth team was recently featured in Barron’s, highlighting the merger which brings together the LeoGroup, The Capital Company, and BFT Financial Group. The article discusses the unusual three-way merger’s creation of a $4.3 billion global wealth advisor focused on clients in North America and the Asia-Pacific region.
A major differentiator is the firm’s global taxation and investment strategies that aim to minimize tax exposure¹ in clients’ home and host countries. U.S. citizens living abroad are required to pay income tax to Uncle Sam on foreign-earned income above a certain threshold. They may also need to pay additional taxes to their host country, or navigate tax treaties that can help minimize the burden.
The firm is licensed in the U.S. and in Hong Kong. This means American clients, which currently make up about 80% of the firm’s clientele, will have direct access to Asian exchanges and will no longer need to invest solely through mutual funds or ETFs.
Several of the Leo Wealth leadership team also provided their insights, particularly addressing the challenges of wealth creation across international borders and the ability to provide wealth management solutions to U.S. and non-U.S. citizens.
“The pandemic and other geopolitical risks have created new challenges for global citizens looking for wealth creation and protection across international borders.” – Jessica Cutrera, president of Leo Wealth.
“I think U.S. citizens, particularly expats, get the most value from our services right now.” – Matthew Allain, CEO of Leo Wealth.
Read the full article in Barron’s here.
About Leo Wealth
Leo Wealth is a leading independent global wealth advisor, formed by the merger of three powerhouse firms: TheCapital Company, LeoGroup and BFT Financial Group.
With offices in Hong Kong, New York, New Jersey and Dallas, our wealth professionals provide comprehensive experience and personal guidance to support both private clients and companies. We support global citizens through their journey to achieve wealth creation and preservation across borders. Our bespoke offerings include holistic wealth management, global tax planning, cross border estate planning, alternative investments² and global portfolio strategies.
We are 100% independent, owned and operated by a diverse group of equity partners who came together over shared values of providing trusted advice, international expertise, and personal commitment to do better for clients. We believe our independence is one of our strongest assets, and our people are what make us special. Every day we commit our energy, expertise, and initiative to the preservation of wealth, the growth of capital and the creation of value. We work together on a foundation of trust, transparency, and accountability.
¹ Pursuant to requirements imposed by the Internal Revenue Service, any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of avoiding penalties imposed under the United States Internal Revenue Code or promoting, marketing or recommending to another person any tax-related matter. Please contact us if you wish to have formal written advice on this matter.
² Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.