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U.S. Citizens Are Opening Swiss Bank Accounts – Some Pros and Cons - Financial Advisors
Summary by Financial Advisors | Halbert Hargrove
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U.S. Citizens Are Opening Swiss Bank Accounts – Some Pros and Cons - Financial Advisors
By Stephen W. Bedikian, AIF®, Associate Wealth Advisor In American popular culture, ownership of a Swiss bank account has historically been associated with extreme wealth and privacy. Often films portrayed the need for privacy as related to espionage or criminal activity. The numbered Swiss bank account was the ultimate in concealment – so secret even bank staff didn’t know the identity of the account holder. Recently, interest in opening a Sw…
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