How To Open An Investment Account In The US As An International?

Many people want to open an Investment Account in the US as an International and start investing in the US Stock Market, but unfortunately they don’t know how, but it is easier than it seems. Some of them manage to find ways to do this by opening an offshore account in another country, however, many times some of these brokers are not sustained by any US regulations, and having your money invested with them can be a real issue.

The reason being that many big investment banks have really rigorous methods when accepting people, one of them is having a Social Security Number (SSN) and sometimes they only accept qualified people to open an account with a standard minimum amount. So here comes the question:

Can I Open An Investment Account Living Outside The US Without A SSN?

The short answer is Yes! you can open an Investment Account as an international without a Social Security Number. There are no laws that prohibit non-us residents to invest in the Stock Market, however, many brokerage firms take advantage of the foreign investors by charging high-fees and asking for outrageous minimum amounts to start investing.

Why Do You Want To Open An Investment Account in The US?

It is really important to have a specific goal in mind. Nowadays it is really easy to fall into the trap of FOMO, seeing the outrageous market returns that we’ve been getting since the Pandemic Market Crashed.

That’s why is really important to know your investment goals and create a plan around them. In Barnett Capital Advisors we believe in creating a plan that can provide you with excellent returns and at the same time give you protection on any market downturn. In order to do this, it is important to take a look at the history and see the market cycles we have experienced in the last 100 years.

We can show you different strategies with a mix of different uncorrelated assets that perform greatly, not only in uptrend markets but also in downtrend markets.

How To Open Your Investment Account in The US as an International?

The process is really simple if you want to open an account through a fiduciary investment firm, which is the easiest way because they will do all the due diligence on your behalf at zero cost. You just have to contact the firm, schedule a meeting with an Investment Planner, after the meeting, when you already built your ideal investment plan, your advisor is going to require some documentation that the custody bank requires, then it last around 3-7  business days to open the investment account.

Benefits of Opening An Investing Account In Miami

• Asset Protection

All the accounts open with one of our custody banks are protected for the FDIC up to $500,000. This gives you confidence

• Confidentiality

High-profile investors don’t like the public at large knowing what stocks they’re investing in, or how much money they are investing. We take confidentiality extremely seriously as we work with multimillionaire investors that want their privacy as a priority.

• Safety of Investments

Investing in a brokerage firm outside of the United States can be risky sometimes. Many offshore firms are not regulated by any US regulations, and that can be dangerous for your money and your peace of mind. As a non-U.S. resident, we understand you want the quality, security, and regulations provided by a U.S. financial institution. That is why having your assets located in the US is one of the safest decisions that you can make when you invest in the stock market.

• The Weather

Our great location and Miami’s amazing weather create the perfect excuse for you to have come and visit Miami to spend an amazing vacation here, while at the same time watching your assets grow protected.

Why choose an Independent firm?

When opening an investment account as an international, an independent firm will ease the process the account will be open fast. The independent firm will take care of all the processes for you as well a create a plan that aligns with your goals. A U.S.-based broker who is familiar with international investments can help you navigate the sometimes-complicated world of American stocks. Some brokers require additional documentation from international investors, including proof of identity, visa information, and tax documents. W-8BEN is often required.

Advantages of having a fiduciary independent firm

• Access their accounts from anywhere at any time, without worrying about finding a branch location.
• Excellent technical support and customer assistance.
• A US firm will always know US markets better, than one overseas.
• They will report investment income for you
• Plan ahead and on behalf of you so taxes won’t affect your retirement goals.

In short, having a fiduciary investment firm along your side will help ease the process of investing and let you live a worry-free life.

Disadvantages of not having a fiduciary independent firm

• Failure to comply with FACTA (Foreign Account Tax Compliance).
• Spending more money than needed by hiring people to help you comply with FACTA regulations.

The DIY approach can potentially cost you a lot of money long-term. Remember to always have a plan that lets you enjoy your life without having to worry about every detail that an expert can take care of for you.

How to Open Your Account Today?

Now that we talked about some of the benefits and also block roads that some investment banks put to international clients when opening an Investment Account in the US, you might be wondering how to open one without having to deal with all the complicated procedures and even without having to be in the US.

Well, we can help you with that and take care of all the due diligence for you. You will only be asked to provide us with the documentation required by the US financial regulations, from there everything would be easy for you. You can access your account on your cell phone or computer 24/7, see all the strategies and company holdings as well as accessing your money at any time.

As mentioned before it is important to have a plan when investing in the stock market, having a well-diversified portfolio is key for the long-term protection and growth of your assets. We will walk you through every step of the process and create a customized investment strategy to fulfill your desired investment goals.

Contact us today! find out if you are qualified and start your new investment venture with the peace of mind of having your assets in the United States of America.