Cyprus Mail
Company News

Universal access bonds transform investment landscape for ex-pats in Cyprus

Michael Doherty Woodbrook CEO
  • Woodbrook Group announces launch of dynamic new financial products
  • UABs allow easy and compliant access to invest in diversified portfolios
  • ‘Investment game-changer for US ex-pats,’ says CEO Michael Doherty

New financial products that will dramatically alter the investment landscape for ex-pats living in Cyprus and across the globe have been announced today.

The launch of the Universal Access Bonds (UABs) has been described as “a game changer” for American ex-pats and US connected persons by the CEO of Woodbrook Group Holdings Limited Michael Doherty.

FACTA and stringent tax regulations over the past decade have severely curtailed US expatriates’ financial planning and investment capabilities.

Not anymore. The UABs allow ex-pats across the world, including Americans and US connected persons, easy and compliant access to the benefits of investing in a diversified portfolio through underlying funds.

The funds will be managed by a number of respected international financial institutions, with the process will be overseen by the Cyprus-based Woodbrook Group Holdings Limited, a leading international firm of financial advisers.

Commenting on the launch, Woodbrook Group CEO Michael Doherty said: “Universal Access Bonds are a game changer for American ex-pats living across the globe. They are a remarkably simple solution for ex-pats and US connected persons who are looking to invest in a diversified portfolio managed by top-tier investment managers.”

Mr Doherty added: “Woodbrook operates under the highest level international regulatory framework, which means we are look after clients of all nationalities all over the world.”

Woodbrook is regulated by the Cyprus Securities and Exchange Commissioner (CySEC). It holds a MiFID II investment license passported through the EEA along with IMD insurance mediation licenses through ICCS and IHK. Woodbrook recently announced the acquisition of Mondial (Dubai) LLC, one of the Emirates’ oldest established financial planning and wealth management companies which is regulated by the UAE Securities and Commodities Authority (SCA).

Commenting on the launch, Universal Access Bonds CEO Robert Rigby-Hall said: “I am delighted that Woodbrook, with their global reach and regulatory strength, is using UAB as their product for US ex-pats who have been in need of an investment solution for many years. Woodbrook is perfectly positioned to meet their needs with a strong culture of quality advice, client focus, and service delivery.”

Mr Rigby Hall said the new financial products will “change the investment landscape for ex-pats”, including the millions of Americans living outside the US with “a very limited choice of investments”.

He added: “Financial planning and investing for Americans has become harder in recent years with the IRS and FATCA causing Americans to be unwelcome at many financial institutions. UABs wrap underlying funds allow ex-pats, including Americans and US connected persons, easy and compliant access to the benefits of investing in a diversified global portfolio though underlying funds in multiple currencies.”

*For more information, contact Shane Doran, Managing Director, Liberty Communicates, on +353 87 356 1722

Related Posts

Leptos Estates and Paphos: your summer choice for luxury living

Press Release

OPAP Protaras 3×3 2022 delivers hoop dreams for fans

Press Release

Leptos Santorini Villas: located on the jewel of the Aegean Sea

Press Release

Paphos travellers to benefit from upgraded airport parking area

Press Release

Elias Neocleous earns ‘Tier 1’ ranking in 2022 IFLR 1000

Press Release

OPAP Protaras 3×3 tournament to wow basketball fans

Press Release