economics

The Significant Investment Bank Comparison: Gs Vs Ms Vs Schw

The Foreign Account Tax Compliance Act of 2010, for instance, “aims to collect facts on U.S. taxpayers that invest in foreign financial institutions and foreign entities. Nevertheless, Treasury regulations have successfully extended FATCA’s attain to numerous foreign entities investing in U.S. financial institutions that are eventually owned by foreigners,” according to Carlos Somoza, international tax principal at Kaufman Rossin. In June, the Americas Group, which manages about $two.4 billion for both retail and institutional clients, moved to Raymond James in South Florida from Morgan Stanley. It has offices in Boca Raton and Coral Gables and serves higher-net-worth men and women,...