Levitt Capital Management, the France-based wealth manager for US citizens living in Europe, has opened its first New York office.
Located in the Rockefeller Center at 1270 Avenue of the Americas, the firm’s New York Office will give the Europe-based wealth manager a US base to meet with prospective and existing clients, as well as other professionals based in the city.
Headquartered in Nice, France, Levitt Capital Management was founded to address the advice gap facing US citizens who relocate to Europe and find neither American nor European professionals able to give them the holistic advice they need.
In addition to managing their financial affairs, Levitt Capital Management helps its clients integrate into their new countries of residence, introducing them to networks of like-minded individuals and providing them with curated cultural experiences via its unique “European Life Series” of events.
“Americans who relocate to Europe have uniquely complex financial needs, which advisers on either side of the Atlantic are ill-equipped to understand and address,” said Robert Levitt, Founder and Chief Investment Officer at Levitt Capital Management.
“We receive multiple enquiries every day from Americans who have realised that their portfolios, wealth structures and succession plans, which were designed for a US environment, simply don’t work in Europe, and that nobody else truly understands the complications faced by clients whose lives span both sides of the Atlantic.
“More and more clients are coming to us for advice before they make the move. That’s positive because it allows us to plan proactively to meet their goals rather than unpicking structures that are no longer working at a later stage.
“Getting to know our clients as people is hugely important to us, and our New York office gives somewhere to meet with them face-to-face from the outset. It will also establish us more firmly among the professional advisory and investment management community in New York, with whom we work on a daily basis.”
Levitt Capital Management was founded in 2022 by the veteran investment manager Robert Levitt. Mr Levitt previously established and managed a Boca Raton, Florida-headquartered hedge fund with assets of $500 million before moving to France in 2007.
He has more than 40 years’ experience in the investment industry, and regularly appears in lists of leading financial advisors on both sides of the Atlantic.
