Operating US investments from India

sunsanshre · Post by **sunsanshre** » Fri Nov 26, 2010 9:53 pm

Hello,

I have an investment account with Scottrade. When I R2I'ed last year, Scottrade said they don't support non-US addresses. I just tried creating an account in Vanguard (online), but faced the same problem. I am looking for a company that supports Indian address so I can operate it from here. Please help.

FWIW, here're my details: I am a USC, R2I'ed last year, 2 more years of RNOR left.

Thanks in advance !

Buffet · Post by **Buffet** » Fri Jan 07, 2011 4:46 am

You can try Interactive brokers. We use them and they do allow more than 80 stock exchanges. Your situation is bit different but check with them.

drV · Post by **drV** » Sun Aug 14, 2011 1:28 am

Any update ?
Did you find any answer to this Q that i am sure we all R2Is will face...
I am still in USA
I have been with Vanguard for 10 years....will hate to change the whole investment profolio to another out-fit.

bmukherji · Post by **bmukherji** » Sun Aug 14, 2011 8:35 pm

#4 drV
01. I believe Vanguard allows a foreign address. There are no restrictions in redemptions but bying may have some stipulations. Why not ask them at 800-962-5209.
02. Also, for moving assets from one institution to another an "in kind" transfer without liquidation is often possible.

zen · Post by **zen** » Mon Aug 15, 2011 5:29 am

My feeling is that this is pretty much subject to the broker's interpretation. Some investment companies do not allow foreign investors. I think the only exception to this rule is that if you are an USC with payment in USD but working remotely from India, then it should not be a problem. In that case, your legal address (for tax purposes) will be your US employer's address & mailing address can be your Indian residential address.