We provide comprehensive Wealth Management (Financial Planning, Investment Management, and Tax Services) to Expats in the U.S. and U.S. Expats worldwide.
Single $300 /month*
Couple $400 /month*
Initial Fee $1,500
Comprehensive Financial Planning encompasses all areas of each individual or family’s finances.
Comprehensive Financial Planning addresses all issues arising in our client’s financial lives including:
■ Emergency planning
■ Insurance planning (we do not sell insurance)
■ Cross-Border planning
■ Income tax planning
■ Goals-based planning
■ Investment planning
■ Education planning
■ Retirement planning
■ Estate planning
There are no minimums required for this service.
If you have investments, such as your company 401(k), we do not require that we manage those assets or that you transfer assets. We will help you manage those assets where they are.
Investment management services are offered exclusively for Hibernian’s Wealth Management clients.
This service is provided in conjunction with one or more of Hibernian’s custodian and/or sub-advisor providers.
These providers are, in alphabetical order, Betterment Institutional, Interactive Brokers, and TDAmeritrade Institutional. Provider fees, like any third party fee, are not included.
For more information on each provider please see the Providers Section on the About page.
Tax advisory, tax compliance (including tax return preparation) services, and IRS tax representation services.
Tax compliance services is included (if required) for Hibernian’s Wealth Management clients.
Services may be offered in conjunction with one or more partner firms. We are of course happy to work with existing advisers.
Services may include the following: 1040, 8938, FinCEN 114 (FBAR).
Please note however that many of these forms will require significant effort on the part of the taxpayer to provide the relevant information and where not included will be billed on both time spent and complexity.
Common forms required for expatriates for which there will be additional fees
- Form 3520 Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
- Form 3520-A Annual Information Return of Foreign Trust With a U.S. Owner
- Form 5471 Information Return of U.S. Persons With Respect To Certain Foreign Corporations
- Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 8621 Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- Form 8858 Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs)
- Form 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships
Less common forms, available as needed
- Form 1040-NR U.S. Nonresident Alien Income Tax Return
- Form 1120-S U.S. Income Tax Return for an S Corporation
- Form 1120 U.S. Corporation Income Tax Return
- Form 1120-F U.S. Income Tax Return of a Foreign Corporation
- Form 1065 U.S. Return of Partnership Income
Tax Matters Representation Services
Unfortunately, many taxpayers become delinquent in their filings. We are Enrolled Agents. Enrolled agent status is the highest credential the IRS awards. Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
Some expatriates also become delinquent in their tax filings. However, many expatriates do not realize the additional requirements they have to meet every year and do not understand the punitive penalties that apply. For example, you may be subject to civil monetary penalties and/or criminal penalties for FBAR reporting and/or recordkeeping violations. Assertion of penalties depends on facts and circumstances. Civil penalty maximums must be adjusted annually for inflation. Current maximums are as follows:
|US Code Citation||Civil Monetary Penalty Description||Current Maximum (2020)|
|31 U.S.C. 5321(a)(5)(B)(i)||Foreign Financial Agency Transaction – Non-Willful Violation of Transaction||$12,921|
|31 U.S.C. 5321(a)(5)(C)||Foreign Financial Agency Transaction – Willful Violation of Transaction||Greater of $129,210, or 50% of the amount per 31 U.S.C.5321(a)(5)(D)|
|31 U.S.C. 5321(a)(6)(A)||Negligent Violation by Financial Institution or Non-Financial Trade or Business||$1,118|
|31 U.S.C. 5321(a)(6)(B)||Pattern of Negligent Activity by Financial Institution or Non-Financial Trade or Business||$86,976|
We assist clients with Delinquent FBAR Submission Procedures and Streamlined Filing Compliance Procedures.
For some cases we will recommend larger firms or criminal attorneys who can represent you.
*Fees are billed annually but can be paid annually, quarterly, or monthly as agreed. Fees quoted are for typical individuals and couples. Clients with highly complex multi-jurisdictional multi-entity planning needs may be advised of higher fees.
Standard expatriate US tax returns are included in the annual fee. Should any of the following be required for a client an additional fee may be changed. Such additional fees will be collected prior to work continuing. It is common for unexpected (previously undisclosed) situations to arise during the preparation of tax returns for expatriates.