4-minute Money Ideas

Can Your Israeli Bank Provide Investment Services?       By Douglas Goldstein, CFP® Have you found that your Israeli bank no longer provides investment services for Americans living in Israel? Because if onerous reporting requirements to the American government, many Israeli banks have stopped opening investment accounts for U.S. citizens. While dual American-Israelis can continue with banking and checking services, they need to look elsewhere for their long-term investing. Where can Americans open investment accounts? If American firms turn away U.S. citizens with a foreign address and Israeli banks don’t open accounts for Americans, how can Americans living in Israel have investment accounts? That’s where investment firms with relationships with U.S. brokerage houses and Israeli investment licenses come into play. Profile Investment Services, Ltd. is one of a select few companies that is able to help, as we work with an American brokerage firm (Portfolio Resources Group, Inc.) that understands there are law