Find clear answers to common questions on taxes, investments, and financial planning for expats navigating life abroad.
We have developed close relationships with both Israeli CPAs (i.e. who prepare Israeli tax returns), as well as US CPAs based both in Israel and elsewhere who prepare US tax returns. Should you need a new CPA, we can match you with somebody based on your location, your personal circumstance, and the complexity of your tax return.
Yes. While we are not CPAs, and while we do not provide tax advice, we are aware of the key tax issues for Americans who leave the US for other countries. We also understand the key provisions of the US-Israel tax treaty, especially to help people avoid double taxation. We also understand key US tax laws that impact Americans that invest in foreign accounts such as the PFIC [Passive Financial Investment Corp] tax.
It is important for us to identify the key issues pertaining to each client’s cross-border tax situation and refer to and work closely with qualified tax professionals.
Yes, we have familiarity with opening Israeli Bank accounts for American Olim (immigrants). Nardis Advisors is well versed in the key banking issues that affect new olim such as – transferring money to Israel from the US, management of currency risk, and understanding of local banking regulations and practices.
Norman H. Chait, CFA founded Nardis Advisors in the US in January 2010. Upon moving back to Israel, he received his Israel portfolio manager license in January 2017.
Yes we do. In particular with regards to Israel-US financial planning, but also between the US and other countries.
Nardis Advisors manages several dozen clients who are both retired and US citizens. Some of them have lived in Israel for many years, and have Israeli pension assets, while others have made Aliyah, immigrated, to Israel in recent years and most of their retirement assets are custodied in the US. With regards to Israel pension assets, we work closely with Israel pension advisors because this is a separate function in Israel, whereas in the US we manage retirement assets directly.
Yes – we are a fiduciary financial advisor: an advisor that is legally and ethically bound to act in their client’s best interests, prioritizing the client’s financial well-being over their own compensation or firm incentives. As a fiduciary, Nardis Advisors operates under an asset-based fee-only financial structure to avoid conflicts of interest.
Yes, Norman H. Chait, CFA is one of the few fiduciary advisors licensed to give advice in both in Israel and the US in the field of wealth management and cross border financial planning. Norman is registered both with the US Securities and Exchange Commission and the Israel Securities Authority.
Yes, Norman made Aliyah to Israel from South Africa initially in January 1984, and has a Law Degree from the Hebrew University of Jerusalem where the language of instruction is Hebrew. We have a number of Hebrew speakers on our team.