Blacktower Financial Management Group has announced the launch of its new American Desk, a service that assists US expats in transferring their financial arrangements when relocating to Portugal.

The Blacktower Financial Management Group, providers of bespoke individual and corporate financial planning, has today announced the launch of its new American Desk, an offering designed to provide tailored financial services to those moving from America to Portugal. 

Blacktower's group managing director, Gavin Pluck, said: ‘Over the past few years we have observed Portugal climbing the ranks to become Europe's most popular destination for US expats. Despite the increasing number of American nationals requiring financial services when moving overseas, the regulatory barriers have resulted in many financial planning firms being unable to fulfil the demand in this area.

"However, Blacktower, being regulated in both the US and Europe, is able to offer the kind of comprehensive solution that these expats need, with a physical presence of experienced advisers in both countries providing quality, face-to-face service. It is a tailor-made offering that we are delighted to extend to our existing and future clients."

The Blacktower Group was established 1986 to provide holistic financial planning to clients across the globe. They expanded overseas in 2000, opening their first offshore office in the Algarve. Since then, the company has expanded internationally and opened their New York-based US entity in 2017.

Group chairman, John Westwood, said that "the launch of the American Desk prioritises convenience for our clients; we understand that relocating overseas can be a daunting undertaking and so alleviating some of the pressure that stems from transferring financial arrangements is of real value.

"The American Desk provides our clients with a simple solution to what can be a complex process. Whilst this initiative will initially be focused on Portugal, we are planning to introduce similar services across Europe and perhaps internationally in the near future."