For Latinamerican investors looking to put their money into US assets, there are a few things to consider. Namely, what type of account will you use? In this blog post, we'll dive into the different types of investment accounts available to Latinamerican investors and how each can be used to invest in the US.
There are three main types of investment accounts available to Latinamerican investors: personal accounts, company accounts, and trust accounts.
- Personal Accounts:
These are individual accounts that are opened and maintained in the name of the Investor. All transactions must go through the investor and a third party is not involved. These accounts offer the most control to the investor but also come with more risk.
- Company Accounts:
These accounts are opened and maintained in the name of a company or corporation. A third party is involved in all transactions and there is less control for the investor. However, these types of accounts offer more protection from liability.
- Trust Accounts:
These accounts are opened and maintained by a trustee on behalf of the investor. The trustee has control over all aspects of the account and makes all decisions regarding investments and withdrawals. Trust accounts offer the least amount of control to the investor but offer the most protection from liability.
When choosing an investment account as a Latinamerican investor, it's important to consider your goals and objectives.
Do you want more control over your investments? Then a personal account might be right for you. Are you looking for more protection from liability? Then a company or trust account might be a better fit.
Speak with your wealth manager today to learn more about which type of account would be best for you. Or ask our team any questions you may have.