Tony Noto – American Expatriate Financial Advisor Specialist

andrew hallam

andrew hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (Wiley 2011) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use.

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9 Responses

  1. Thank you Andrew for sharing your interview with Tony Noto. I have heard Tony speak favorably of you a couple of times in conversation.

    Over the past few years, Tony has become both a good friend and advisor on personal financial affairs. As a Canadian based in Shanghai, I am not subject to Canadian tax on my China-based income. At the same time, more importantly, Tony has shared insight on how I should adopt a more holistic view to my personal wealth, right down to what insurance plan and emergency funds I have.

    I'm feeling much more confident in my financial situation and future outlook thanks largely to Tony. As well, as he and I are both business owners in Shanghai, we regularly share experiences on tax matters.

    Thanks again Andrew for the interview.


  2. Rob says:

    I would love to find a financial planner with a similar approach (indexed investing) and fee structure, but don't live in Shanghai.

    Does anyone happen to know similar options in Qatar or other Gulf countries?



  3. Jen says:

    Have you found anyone Rob? I am an american expat living in the UAE and contacted Tony, unfortunately he isn’t taking clients outside of Singapore.
    Vanguard won’t let me open a new account because I am not living in America (despite being a US citizen and having a US mailing address). The ladies taking calls for vanguard need serious help with customer service and answering basic questions like “Is this a vanguard policy or an IRS law?” “What are your policy requirements to be considered a US resident?” “why is it that I can’t open a new account, but if I had a previous account with you, it wouldn’t be a problem that I am not currently residing in the USA?” 3 different ladies gave me 3 different answers as to accepting AED incoming wires.
    Asset builder had FAR BETTER customer service. It was nice to speak with them over the phone, as I appreciated their transparency, but even then they still couldn’t guarantee schwab (the bank asset builder uses) would ultimately let me invest with them. They were willing to open an account with me to at least get the process started. They do have plans to find other custodians like HSBC, to gather more investors abroad. I look forward to following up with them.

    I just wanted to say that I loved your first book, and share it with all my fellow expat teaching colleagues here in the United Arab Emirates! I can hardly wait for your second book. I thoroughly enjoy your blog and appreciate the advice you provide to all your students and followers. Great karma!
    If you have any follow-up advice for American citizens abroad, such as E-trade, please let us know! I feel I am at a holding point with investing. I’d really like to start… I have zero debt, earn tax free income, don’t have to pay US taxes as my teaching yearly income is far below the taxation limit, I live well below my means and pocket almost my entire paycheck as my transportation, housing, medical, and airfare is paid for by my employer… I have 170k sitting in my UAE savings account just waiting for your 2nd book release advice!!!

    Peace and love,

    • Hi Jen,

      I just emailed the CEO of Assetbuilder on your behalf. He says that what you were told was an error. They can definitely accommodate you.

      Thanks Jen,


  4. Tony Noto says:

    Hi Jen,
    For opening an account, Charles Schwab International seems to be able to handle most foreign addresses:

    Be careful using a US address, as it could lead to trouble with state tax authorities (depending on your circumstances, unless it’s a state without income tax like Texas or Florida).

    My apologies I wasn’t able to work with you, I focus on American expats based in east and southeast Asia.

    You’re off to a great start working abroad though, and it’s good to hear you’re sharing what you learned with colleagues.
    Best Regards,

  5. Paul says:

    Hi Jen
    Try Robert for advice, I know he is based in the US but I cannot recommend him highly enough. He put me in contact with a guy in schwab, and then a few phone calls at times suitable to us both, guided me through the process from there on.
    Andrew recommends him, see link on top right corner of web page .. low fee based advisors., [email protected]

    Highly recommended. Excellent


  6. Sara says:

    Hi Andrew,
    I thoroughly enjoyed your first and second book but I am struggling to put what you suggest into practice. I am an American teaching in Ukraine. When I called Assetbuilder they informed me that they can only take business through Schwab, however Schwab will not work with me because I live in Ukraine. Do you have anymore advice as to where to go to open an account? I have contacted Raymond James but have not heard back yet. My husband and I will probably be moving on after this year however if I can’t find something I risk loosing out on my school’s pension contribution. Any advice is highly appreciated.

    • Hi Sara,

      I have just sent Lara Yates’ email address to you. She can build you such a portfolio through Raymond James, if you have at least $25,000 USD to start. Please keep me updated on email.


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