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—Buenos Dias
Investors living outside the United States can now economically
take full advantage of investing directly in American securities
markets by means of advanced communication and investment
technologies. If you do not have a brokerage account in the U.S., we
will open an account for you at T.D. Waterhouse, a New York Stock
Exchange member firm which accepts accounts denominated in U.S.
dollars for overseas clients with a U.S. address. The mailing
address for your account will be a firm of Certified Public
Accountants here, which will either hold your contract notes and
monthly statements or forward them to you, as you wish. Through use
of the worldwide web, you will have confidential access at all times
to complete details of all transactions in your account. You may
also withdraw U.S. dollars from the cash balance of your account by
means of a checkbook, which will be issued on request. Our firm does
not have access to cash or securities in your account, except that
you authorize T.D. Waterhouse to pay from your account the
management fees specified in the account agreement, according to our
invoices sent to your U.S. address.
Most clients from abroad engage us to manage a U.S. portfolio of
equities and fixed-income securities, in agreed proportions. If you
wish to have all or part of your portfolio invested in shares of
companies in your home country, as a hedge against fluctuating
exchange rates, it is likely that the shares of these companies are
also traded in New York as ADR’s, American Depositary Receipts. In
many cases, transactions in ADR’s of a given company can be effected
at less cost in the U.S. than in the home country.
To view our account agreement form, click here.
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