The Top Factors To Consider When A Client Plans To Move Abroad, With Ashley Murphy

This episode of Kitces' Financial Advisor Technician features Ashley Murphy discussing what advisors need to consider when a client plans to move abroad. It covers regulatory, tax and operational issues, including whether the advisor can continue serving the client and how the length and permanence of the move can affect the approach. The conversation also addresses foreign regulatory requirements, tax traps, custodial restrictions, errors and omissions insurance gaps, early planning and resources for cross-border research.

1. The length and permanence of a client's move can influence the advisor's approach.
2. Foreign regulatory requirements may apply even if the advisor has no physical presence in that country.
3. Tax traps, custodial restrictions and gaps in errors and omissions insurance can affect both advisor and client.
4. Starting the planning process early can make a significant financial difference, and defining an ideal client can help decide when an international relationship is worth pursuing.