Asset Consolidation

Many US custodians and investment firms restrict or discontinue accounts once a client establishes foreign residency. Nardis works with custodians experienced in serving internationally based US citizens, helping with: 

• Simplifying cross-border wealth management 
• Reducing the complexity of managing multiple brokerage accounts

Asset consolidation can improve financial visibility, streamline reporting, simplify estate planning, and create a more coordinated approach to globally held assets while helping reduce many of the administrative and financial complications commonly faced by expatriates.

That said, cross-border asset management often raises important queries around custodial access, retirement accounts, and long-term financial coordination, areas in which we have extensive experience guiding expats.

What should I do with my 401(k) when I move to Israel?

When moving to Israel, many US expatriates evaluate whether to maintain their existing 401(k), roll it into an IRA, or consolidate retirement accounts into a more coordinated long-term structure, as retirement account planning often becomes one of the top financial priorities during a US-Israel relocation.

Determining what to do with 401k when moving abroad often depends on factors such as tax considerations, custodial restrictions, investment flexibility, and how retirement assets fit within a broader cross-border financial plan.

Can I roll over my 401(k) as a US expat?

Yes, many US expatriates can roll over a 401(k) to an Individual Retirment Account (IRA) while living abroad, although the process depends on the custodian, account type, and residency status. 

Proper planning around a 401k rollover for expats is important, as mishandled rollovers can create unnecessary taxes, penalties, or compliance issues, particularly when coordinating retirement assets across international jurisdictions.

How do I consolidate multiple investment accounts?

Investment account consolidation typically involves transferring retirement plans, brokerage accounts, and legacy investment holdings into a more coordinated structure under compatible custodians.  

Consolidating investment accounts for expats can improve reporting, simplify estate planning, reduce administrative complexity, and help avoid account restrictions that sometimes arise when living outside the United States.

Can I transfer brokerage accounts while living abroad?

Yes, many US expatriates can transfer brokerage accounts abroad while living overseas, although transfer eligibility depends on the custodian, country of residence, and compliance requirements. 

Working with custodians experienced in serving non-US residents can help preserve investment continuity and reduce the risk of unexpected account restrictions or closures.