Can you work with my Israeli and US CPA?
yes
Frequently Asked Questions
Find clear answers to common questions on taxes, investments, and financial planning for expats navigating life abroad.
Do you understand U.S. tax laws affecting US immigrants to Israel?
yes
Do you have familiarity with Israeli banking systems and requirements?
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.
Do you speak Hebrew fluently?
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.
How long have you been advising clients with both Israeli and American assets?
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.
Do you specialize in cross-border financial planning?
Yes we do. In particular with regards to Israel-US financial planning, but also between the US and other countries.
How many clients do you have who are US retirees living in Israel?
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.
Are you a fiduciary, and what does that mean in practice?
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.
Are you licensed to give financial advice in both Israel and the USA?
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.