Management – Bradley Hamilton

Cross-border Wealth Management – How Wealth Advisors Adjust

An alumnus of London’s Kingston Business School, Bradley Hamilton is the senior wealth manager at Blacktower Financial Management in New York City. Managing more than $60 million in client assets, he helps international investors navigate their financial options. Bradley Hamilton focuses much of his work on cross-border wealth management.

Cross-border wealth management is becoming increasingly common as wealthy families move assets across borders to protect and expand their wealth. The new generation of high net worth investors are seeking to diversify their wealth by exploring opportunities in other countries. As investor perspectives become more global, wealth managers are learning to align their strategies to accommodate clients with assets invested around the globe.

As tax planning becomes more complex across borders, wealth advisors are expected to offer expert advice on issues such as generational wealth transfer for families with global assets and holdings. Also, leading wealth managers handling cross-border clients offer comprehensive advisory services that include financial, tax, and estate planning. Today’s most complete wealth advisors work closely with cross-border tax experts and financial planners using an integrated and coordinated approach to deliver the best solutions for their clients.

St. George’s Society of New York Beneficiary Program

For more than a decade, Bradley Hamilton has served in the financial industry. Currently, he is a senior wealth manager at New York City-based Blacktower Financial Management LCC, where he manages assets for over 80 clients. Outside of his professional pursuits, Bradley Hamilton is committed to community service and is affiliated with St. George’s Society of New York.

St. George’s Society of New York is a charitable organization dedicated to enhancing the quality of life of people of British and Commonwealth descent living in New York through financial, emotional, and social support.

The society also encourages a sense of belonging by celebrating philanthropy. The Beneficiary Program ensures that vulnerable seniors receive financial and other related support to safeguard them from poverty, isolation, homelessness, and neglect.

Beneficiaries of the program include those who have served in low-paying jobs and do not have the privileges associated with pension. Under the program, financial support entails necessities such as rent, utility payments, home care expenses, and medication.

Emotional and social support are also offered by a team of social workers, including community activities and outings such as the Beneficiary Tea Party held every year to encourage social interaction. The society also responds to requests for assistance with short-term emergencies from those faced with unforeseen challenges.

Who Can Benefit From a SIPP Account?

Backed by more than a decade of experience as an independent financial advisor, Bradley Hamilton joined the New York City financial management firm, Blacktower, in 2017. In this role, Bradley Hamilton specializes in pension plans for UK nationals residing in the United States.

One pension vehicle that is commonly used by UK citizens overseas is the self-invested personal pensions (SIPPs). SIPPs are a portable investment plan that allows account holders to invest in diverse assets, including international stocks and investment trusts.

SIPPs are available to UK residents under 75 years old. Money invested in a SIPP cannot be accessed until the account holder is 55. Parents can start a special type of SIPP account for minor children. These accounts have the same age restrictions.

SIPPs are most attractive to people looking to have more control and choice over their investment options. Since the account holder is responsible for investment decisions, SIPPs are mainly recommended for knowledgeable investors. Additionally, since UK nationals employed in the U.S. can transfer contributions from U.S. pension plans into a SIPP tax-free, they are an ideal vehicle for expats.

A Brief Introduction to Wealth Management

Based in New York City, Bradley Hamilton is the senior wealth manager at Blacktower, LLC, which primarily serves citizens of the United Kingdom living in the United States. Bradley Hamilton manages the assets of more than 80 high-net-worth clients.

Wealth management combines a diverse range of financial services, including legal advice, estate planning, and accounting. Wealth management is usually conducted for affluent individuals who have a broad range of needs, with the ultimate goal of making money for clients throughout their lives.

Generally, wealth managers offer a holistic approach in which one manager takes care of a client’s entire portfolio, though some wealth managers specialize in certain areas. They can work for both small and large and carry such as financial adviser or financial consultant.

Wealth management starts with an action plan based on the client’s situation, goals, and the level of risk they are comfortable with. Wealth managers and their clients meet regularly to review their plans and make necessary updates and changes.