POINTS
- Attorneys and advisors to family offices and high-net-worth families said they’re seeing strong demand from clients looking for second passports or long-term residencies abroad.
- The American rich have been increasingly interested in leaving the U.S. since Covid-19, and wealth advisors said this time many of their wealthy clients are taking action.
A growing number of wealthy Americans are making plans to leave the country in the run-up to Tuesday’s election, with many fearing political and social unrest regardless of who wins, according to immigration attorneys.
Attorneys and advisors to family offices and high-net-worth families said they’re seeing record demand from clients looking for second passports or long-term residencies abroad. While talk of moving overseas after an election is common, wealth advisors said this time many of the wealthy are already taking action.
“We’ve never seen demand like we see now,” said Dominic Volek, group head of private clients at Henley & Partners, which advises the wealthy on international migration.
Volek said that for the first time, wealthy Americans are far and away the company’s largest client base, accounting for 20% of its business, or more than any other nationality. He said the number of […]
I think this is fabulous! May we wish them on their way quickly. It will also be interesting to see their reactions when they are required to pay a more reasonable rate of taxation than they pay in the US. It will also be interesting to see their amazement at having to deal with regulatory structures that are not as easily bribed as ours. Lastly, it will be interesting to observe the local population’s reactions as they try to undermine their new locations government in the same manner they have corrupted the American Government.