Rich people — known in the industry as high net worth individuals — often reside outside of their country of origin.
And for many, the US is the first choice.
These wealthy expatriates must choose whether to invest a proportion of their wealth in their country of residence or to keep it in their country of origin.
It seems most choose to keep it in the US than move it abroad. The main reason: to avoid exchange fees and charges.
Almost two thirds of US rich expatriates invest their wealth locally to avoid expensive fees.
The second most common reason is fear of insufficient control over their investments in their country of origin. The US provides investors with the ability to have a greater role in making decisions regarding their wealth than many other countries.