Maximize your Act 60 tax benefits in Puerto Rico with expert wealth management firms that can help you stay compliant and grow wealth.

Puerto Rico offers generous tax incentives under Act 60, attracting high-income individuals such as entrepreneurs, investors, and business owners. Like any regulation, Act 60 comes with complex rules that must be followed to maintain those benefits. Fortunately, wealth managers can be invaluable partners, helping you navigate investments, tax strategies, and long-term financial planning. In this article, we’ll explore the key advantages of working with wealth managers and highlight firms we recommend for newcomers to the island.

Why Act 60-Specific Wealth Managers Matter

As a decree holder, where you allocate your funds can directly impact your compliance with the regulations under Act 60. Choosing a wealth management firm that specializes in Act 60 ensures your portfolio accounts for Puerto Rico’s unique tax laws and residency mandates.

Act 60-focused wealth managers:

• Design portfolios aligned with Puerto Rico’s tax incentives.
• Coordinate accounting, financial, and legal advisors to keep everyone on the same page.
• Manage risks across U.S. and Puerto Rican assets to maintain compliance.

For example, Tiempo Capital, a multi-family office and financial advisory service, provides proprietary Act 60 strategies, from conservative to high-growth portfolios, specifically designed for decree holders.

Benefits of Working with a Wealth Manager in Puerto Rico

Here are four major benefits of working with a Puerto Rico-based wealth management team.

1. Tax-Optimized Investment Planning

Since Act 60 offers major tax savings on corporate income, capital gains, and dividends, it’s essential to work with a wealth manager who can structure your portfolio to maximize these exemptions legally and efficiently. Some of the ways they do this include:

• Selecting Puerto Rico-sourced dividends and interest to qualify for exemptions.
• Selling assets after establishing residency so gains are taxed under Puerto Rico law.
• Coordinating with legal and accounting advisors to prevent missed documentation or compliance issues.
• Continuous monitoring and rebalancing of your portfolio, keeping a close eye on market changes.

Act 60 wealth management firms like Tiempo Capital and Alex. Brown | Raymond James integrate these strategies with real-time reporting and ongoing tax reviews.

2. Access to Exclusive Investment Opportunities

A great wealth management firm can connect clients to real estate, private equity, and global investment vehicles. They often provide exclusive, sophisticated opportunities for Puerto Rico investors (think access to growth-stage companies or direct stakes in real estate projects), allowing you to diversify your wealth in ways that traditional advisors may not be aware of.

3. Comprehensive Financial Planning and Estate Services

Since Act 60 has specific reporting fees and donation rules, you need to plan your finances carefully to meet those mandates. Having a financial planner to guide you through this process ensures you receive the full benefits of your decree. Act 60 wealth managers also help business owners prepare for the future, making sure their life’s work is part of an overall net worth strategy.

Key ways wealth managers support Act 60 holders include:

• Meeting compliance requirements: Guidance on residency and donation mandates to protect your tax benefits.
• Business succession planning: Support for sales, transfers, or succession so your company’s value is preserved.
• Valuation and transition expertise: Firms like Raymond James provide detailed business valuation and transition strategies.
• Trusts and family governance: Tiempo Capital helps establish trusts and governance structures so assets are preserved and passed on according to your wishes.

4. Coordinated, Ongoing Oversight

Oftentimes, we set a financial plan in motion and then forget about it, but a wealth manager doesn’t just walk away. They coordinate with tax attorneys and legal experts, provide real-time net worth tracking, and ensure your funds remain secure. Wealth managers take a structured approach to assess, implement, and manage your financial plan so it stays aligned with your changing needs and adapts to any updates or changes to Act 60.

How to Choose the Right Wealth Manager

When choosing a firm, look for Act 60 expertise and a proven track record. Don’t hesitate to ask about tax planning strategies and portfolio customization. Our experts recommend Tiempo Capital and Raymond James, as they both bring years of experience, holistic planning for high-net-worth individuals, and specialized Act 60 strategies you can trust.

• Tiempo Capital: Offers investment management, business transition planning, financial education, estate services, and more—all designed with Act 60 in mind.
• Raymond James: A decades-established firm managing approximately $1.54 trillion in client assets with over 8,800 financial advisors, including dedicated solutions for Act 60 holders

Get Started Today

Finding a reliable wealth manager can help you maximize your Act 60 tax benefits while ensuring you stay compliant, continue to build wealth, and protect your legacy. If you’re an individual making the move to Puerto Rico, consult with our Act 60-focused experts so we can make your transition that much easier.