4-minute Money Ideas

Problems With Your U.S. Brokerage Account? By Douglas Goldstein, CFP®   Many readers have recently contacted me because they received a letter from their U.S. brokerage firm informing them that either “You can no longer purchase additional shares of mutual funds in your account,” or “We will no longer provide investment advisory services to you and/or you may only enter liquidating orders or non-solicited orders in your account.”   This letter is not a result of new American legislation; rather it means the brokerage firm handling your portfolio is no longer interested in working with clients living outside the United States. Don’t despair. There are solutions that can possibly even improve your situation.   What action step you should take Even if you can’t continue to work with your existing brokerage firm, you do not need to cash out your American account.  Rather, work with a firm that specializes in opening brokerage accounts for clients who have an Israeli address (see www.profile-financial.com/faq for