Best option for moving financial assets?

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nym99
Posts: 1
Joined: Wed Mar 02, 2022 5:05 pm

Best option for moving financial assets?

Post by nym99 »

Hi,
We are moving to the US in a couple of weeks on a TN visa. Just sold the house and we will be moving after the closing is completed.

What is the best way to move our financial assets? I dont have a bank account in the US yet.
Is a wire transfer the best option?
What about conversions between CAD$ and US$ -- how to get the best exchange rates?

Alternatively, Im also looking into correspondent banks like Wise (used to be TransferWise) where I can get a multi-currency account and have a US routing number.

thanks in advance
SA
hidenhev
Posts: 8
Joined: Wed Dec 22, 2021 1:48 pm

Re: Best option for moving financial assets?

Post by hidenhev »

Oh man, that's a truly tough question, actually. First of all, it depends on the amount of money, and also you have to prove the provenance of the money. If you aren't able to do that, the Government might think you obtained them by fraud and won't be able to move all of your financial assets. But you can actually try a wire transfer if you can prove everything is fine and you're not a fraud. After starting my pharmacy in Europe, I had the same issue with my assets. I actually had to start a new business in the US, but the guys from https://corporateinvestigation.com/priv ... onsulting/ made it easy for me.
PeterWarker102
Posts: 5
Joined: Thu Apr 21, 2022 7:12 pm

Re: Best option for moving financial assets?

Post by PeterWarker102 »

You can make an asset exchange! Asset swaps can impose fixed interest rates of bond coupons on floating ones. Asset exchange converts cash flow characteristics to hedge risks from one financial instrument with undesirable cash flow characteristics to another with favourable cash flow. This increases liquid wealth(https://thecentsofmoney.com/why-liquid- ... h-matters/)! The asset exchange transaction involves the protection seller, who receives cash flows from the bond, and the swap buyer, who hedges the risk associated with the bond by selling it to the protection seller. The buyer pays for the asset exchange spread equal to LIBOR plus a pre-calculated spread.
Feduk
Posts: 12
Joined: Mon Dec 20, 2021 11:36 am

Re: Best option for moving financial assets?

Post by Feduk »

Nothing tough about it, a wire transfer is the best option, just wait good rates
Feduk
Posts: 12
Joined: Mon Dec 20, 2021 11:36 am

Re: Best option for moving financial assets?

Post by Feduk »

his is how I transferred my assets when I moved to Canada. I even managed to set up to pay my mortgage I had got in the UK from Canada with the help of a guy from Mortgage Broker Essex.
Feduk
Posts: 12
Joined: Mon Dec 20, 2021 11:36 am

Re: Best option for moving financial assets?

Post by Feduk »

Nothing tough about it. A wire transfer is the best option; just wait for good rates. This is how I transferred my assets when I moved to Canada. I even managed to set up to pay my mortgage I had got in the UK from Canada with the help of a guy from Mortgage Broker Essex on https://Essexmoneyman.com. What I did was take a loan from a bank in the UK to open a business in Canada. The loan is considerable, so I had to mortgage my house to get it. Once I got the money, I opened an account in a Canadian bank and had the money wired when the rates were good. The commission was 0.1% of the entire sum.
charlesch18
Posts: 6
Joined: Fri Mar 18, 2022 8:03 am

Re: Best option for moving financial assets?

Post by charlesch18 »

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