Over the past decade, wealthy Latin American families have moved tremendous amounts of capital into the U.S. market. Previously, U.S.-based companies focused primarily on domestic funds; however, that has now changed, and U.S.-based trusts have become a compelling option for foreign investors.

In this video, Emilio Miguel, Regional Head (Americas), speaks with Wouter Plantenga, ICS Head of Group Client Services, about how domestic trusts differ from foreign ones, the drivers behind HNWI’s investment decisions, the advantages of U.S.-based trusts, and why South Dakota has become the “center of excellence” for trust administration in the U.S.