Evaluation Lenses
We translate residency by investment complexity into clear guidance on
fund structure, tax exposure, legal obligations, and global positioning.
Evaluation Lenses
We evaluate every option through four lenses.
Fund Structure
Reviewing
- Legal structure and investor rights
- Disclosure quality and internal consistency
- Governance and service provider roles
- Custody, audit, valuation, liquidity practices
- Fees, conflicts, and placement practices
Delivering
- Red flag summary and document gaps
- Questions to raise with counsel
- Next steps before capital moves
Excluding
- Legal opinions or investment advice
Tax Exposure
Reviewing
- PFIC and CFC classification across tiers
- Information reporting requirements
- IRA mechanics and prohibited transaction risk
Delivering
- Coordination with your tax and wealth advisors
- Data targets for elections and reporting
Excluding
- Tax advice or return preparation
Legal Obligations
Reviewing
- How U.S. rules and cross border reporting may apply
- Documentation quality and process integrity
- Consistency of marketing, subscription, and offering materials
Delivering
- Issues flagged for counsel
- Documentation and evidence review
Excluding
- Legal advice or regulatory filings
Global Positioning
Reviewing
- Rights legal residency may provide
- Rules for activation and maintenance
- Political and regulatory risk to program continuity
Delivering
- Activation and renewal overview
- Presence and documentation guidance
Excluding
- Immigration legal services or filing representation
Fund Structure
Reviewing
- Legal structure and investor rights
- Disclosure quality and internal consistency
- Governance and service provider roles
- Custody, audit, valuation, liquidity practices
- Fees, conflicts, and placement practices
Delivering
- Red flag summary and document gaps
- Questions to raise with counsel
- Next steps before capital moves
Excluding
- Legal opinions or investment advice
Tax Exposure
Reviewing
- PFIC and CFC classification across tiers
- Information reporting requirements
- IRA mechanics and prohibited transaction risk
Delivering
- Coordination with your tax and wealth advisors
- Data targets for elections and reporting
Excluding
- Tax advice or return preparation
Legal Obligations
Reviewing
- How U.S. rules and cross border reporting may apply
- Documentation quality and process integrity
- Consistency of marketing, subscription, and offering materials
Delivering
- Issues flagged for counsel
- Documentation and evidence review
Excluding
- Legal advice or regulatory filings
Global Positioning
Reviewing
- Rights legal residency may provide
- Rules for activation and maintenance
- Political and regulatory risk to program continuity
Delivering
- Activation and renewal overview
- Presence and documentation guidance
Excluding
- Immigration legal services or filing representation
Our Process
Illuminate
We translate offshore offerings into their U.S. implications, decoding structure, flow, and risk so that complexity and clarity can co-exist.
Evaluate
We interpret each opportunity through four analytical lenses, measure exposure, and outline the trade-offs that shape outcomes.
Integrate
We align insights, establish structure, and create shared understanding across your advisory circle including coordination with tax, wealth, and legal advisors.
Document Checklist
Collect as many as are available:
- Marketing Deck and Term Sheet
- KIID or equivalent summary document
- Offering Memorandum or PPM
- Operating Agreement / Management Regulations
- PFIC Annual Information Statement samples
- PFIC AIS Declaration of Support
- Subscription Documents
- Side Letters
- Audited Financial Statements
- Mid-year Fund Reports
- Custodian and Administrator Agreements
- Portfolio Construction
- Number of U.S. investors subscribed
- Total number of investors subscribed
Note: PDF files preferred. Read-only links prevent archiving.
Scope and Boundaries
Scope
- Education and evaluation of structure, disclosures, processes, compliance, risks, and implications
- Action items and next steps
- Coordination with client's tax, wealth, and legal advisors
Not Included
- Legal, tax, wealth, or investment advice
- Recommendations or sales of securities
- Filing immigration applications or regulatory forms
Why This Matters
Offerings in this market vary widely in quality, compliance, and transparency. Evaluation helps you see
how program rules and investment materials intersect with U.S. law before capital is committed.