The most common question that is asked by foreign clients seeking a property to purchase in the Cote d’Azur and Monaco is how to obtain a mortgage. As a foreigner, depending on the country clients come from, this can be difficult to navigate as the rules in France and Monaco to obtain a mortgage are (as with any country) completely different compared to what a client might be familiar with in their homeland. Recently I met with the owners of Amberlake Partners, a fully authorized wealth management company based in Monaco.
Co-founded by Michael Fiorentini and Jagdeep Kapoor, Amberlake Partners is led by individuals with extensive experience in banking, real estate investment, and financial services. Michael's background includes over 14 years of experience in banking, while Jagdeep has over 21 years of experience in real estate investment in Europe. With this being Monaco, there are any number of wealth management offices, but what sets this firm apart from the others is their experience that comes from listening to their client's needs, while proactively acting upon their requests using their knowledge about their industry while offering diverse and comprehensive solutions. They guide clients through the Structured Products universe, assist in constructing portfolios that align with individual investment profiles, help integrate an ESG portfolio allocation, consider alternatives like Real Estate, Private Equity, and Hedge Funds, and assist with banking needs such as account opening, financing, order placement, and account consolidation. With an in-house methodology, Amberlake Partners provides an alternative to traditional investment approaches, giving clients access to original investment ideas. Their focus on true open architecture aims to reduce costs across investment portfolios, maximizing returns for their clients. Drawing on their experience in the financial services industry, they conduct business with the utmost confidentiality, using proprietary tools to help clients track and understand their investments continuously.
One of the many things that immediately caught my attention with this wealth management company is that since most of our clients are from North America, from time to time, there can be issues when trying to obtain a mortgage for a local property purchase.
That problem though has now been solved thanks to the initiative taken as Amberlake Partners have recently been granted a license from the U.S. Securities and Exchange Commission (SEC) as a Foreign Registered Investment Advisor (RIA).
This significant achievement makes Amberlake Partners the first wealth management firm in Monaco to acquire this status which definitely makes them stand out and above the rest.
Until now, US individuals have faced challenges when it comes to securing loans from private banks for the purchase of luxury residences in France. The reason? The lack of an investment manager authorized to invest the collateral of their loans.
Amberlake Partners, with their new SEC license, is now able to bridge this gap. Since they can provide investment advisory services to US persons, which can enhance their financial power and facilitate their property acquisition journey in France. This is a total game-changer for those of us in the real estate industry in France and Monaco as it helps make the property process quicker, easier, and more direct for our US clientele base. Amberlake Partners are devoted to maintaining the highest standards of compliance. Their SEC registration details can be found at https://adviserinfo.sec.gov/firm/summary/322274. Their approach begins with a free-of-cost analysis and planning phase, followed by the signature of an advisory mandate, investment proposals, cooperation with private banks, and continuous follow-up. They are there every step of the way, ensuring a smooth and efficient investment process. At Experience The French Riviera, we are pleased to be able to have Amberlake Partners as part of our extensive network of partnerships in France and Monaco to help assist our clients. Connect with us at Info@experiencethefrenchriviera.com for a personal introduction.