Latin American wealth management moves back offshore

02-Nov-2015 #Globalwealth Source: The Banker

Latin America has a high dependency on China and under the current situation where China has reduced imports, the region’s wealthy are increasingly looking to move their money safely offshore. Helping small savers invest abroad may be smarter than offering tax breaks to wealthy individuals to repatriate funds. This would benefit local investment firms as well as help develop a savings culture.

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