WHVP Ltd.

19/10/2026

$113,348.

That’s how much U.S. government debt there is per person — the highest figure among the 39 countries recently compared by Visual Capitalist using OECD data.

Japan follows at $110,667, while Italy ranks third at $94,002.

Of course, government debt per person is not the same as a personal bill. And the number alone tells us little about whether a country can comfortably manage its debt.

But it does put the sheer size of government borrowing into perspective.

Across OECD countries, outstanding government bond debt reached a record $61 trillion in 2025 — up $6 trillion in just one year.

For investors, these numbers are another reminder of why it can be worth looking beyond a single country, currency or market.

Fiscal policy, debt levels, interest rates and currencies are all interconnected. And while nobody knows exactly how those dynamics will play out, international diversification can reduce the need to make your financial future dependent on just one outcome.

At WHVP, that is exactly why we believe in looking beyond borders.

15/10/2026

Most investors hear "diversification" and immediately think about investments.

But what about where those investments are held?

Jess Roberson and Jamie Vrijhof discuss investment diversification, international exposure, banking relationships, and one important point that often gets overlooked:

More diversification is not automatically better diversification.

At some point, additional banks, accounts and structures can also mean more fees, more administration and less oversight.

The real question is whether your diversification is efficient and appropriate for your overall strategy.

Watch the full discussion here: https://youtu.be/SEN__Ir-AG8

Diversification is not only about what you invest in. It can also i...

13/10/2026

At the end of September, Urs attended the AIJA seminar “Between Scylla and Charybdis,” focused on cross-border finance and taxation.

These are topics that come up regularly in our work at WHVP. When clients, assets and professionals are spread across different countries, understanding how different jurisdictions interact is key.

But AIJA events are also about the people. Meeting professionals from around the world, exchanging ideas and building relationships across borders is always time well spent.

Thank you to AIJA for another great event — and to Thessaloniki for being a pretty good backdrop!

12/10/2026

🌍 Planning to retire abroad? What happens to your U.S. investment accounts?

Moving to Portugal, Switzerland, Mexico, or elsewhere can be an exciting new chapter. But while your life becomes international, your finances may still be firmly rooted in the United States.

Your 401(k), IRA, and brokerage accounts don’t simply disappear when you move abroad. But a move can raise important questions:

→ Will your U.S. financial institution continue serving you?
→ How will your new country treat your IRA or 401(k)?
→ Does your portfolio still make sense if your expenses are in another currency?
→ Could foreign investments create PFIC complications?
→ Should part of your wealth be held outside the United States?

International retirement doesn’t necessarily mean moving everything abroad. It means thinking carefully about whether a portfolio built for a life in the U.S. still fits a life lived internationally.

In our latest WHVP article, we look at what Americans should consider before retiring abroad.

🔗 Read the full article:

Retiring abroad changes more than where you live—it can also change how you should think about your investments. This article explores what happens to U.S. retirement and brokerage accounts when you move overseas, and why currency exposure, international diversification, taxes, and estate planning...

09/10/2026

What does independent Swiss wealth management look like in practice?

It looks like asking better questions.
Thinking beyond borders.
Challenging assumptions.
Understanding the individual behind the portfolio.
And building relationships designed to last.

Our new WHVP film takes you inside our world, from our team and our approach to the place we are proud to call home.

If you have ever wondered what working with an independent Swiss wealth manager actually feels like, start here.

This is WHVP.

Follow us for more insights on Swiss wealth management, international investing, cross-border planning, and the people behind WHVP.

08/10/2026

Your everyday bank and a private bank are not really doing the same job.

🏦 Retail banking: checking accounts, credit cards, mortgages, payments and everyday banking.

💼 Private banking: typically focused on wealth management, custody and investment services for high-net-worth clients.

And for U.S. investors looking internationally, there is another layer: regulation.

Jamie breaks down what actually separates the two, and where Swiss private banking fits into the picture.

Watch it here: https://youtu.be/EZsycYqTEeY

Did you know the difference before watching this?

A retail bank and a private bank serve very different purposes.In...

06/10/2026

Thirty-five years in financial services teaches you to expect change.

Markets change. Regulation changes. Technology changes. The way clients communicate changes. The way wealth moves around the world changes.

But interestingly, many of the fundamental questions and concerns that bring clients to WHVP have not changed all that much.
How do I protect and preserve what I have built? How can I diversify beyond my home country and currency? How do I reduce my dependence on a single financial system? How can I maintain greater privacy? And how do I make sure my wealth is managed with the long term in mind?
The world surrounding those questions has become more complex. The questions themselves are remarkably familiar.
And just as our clients’ fundamental concerns have remained consistent, so have the principles behind how we serve them.
Independence. Transparency. Personal responsibility. Long-term thinking. International diversification. And taking the time to understand the individual client before making investment decisions.
What should never change is the responsibility a wealth manager has toward the people who place their trust in them. For us, that means looking at the full picture, remaining independent in our thinking, avoiding conflicts of interest, and helping clients navigate the complexities that come with managing wealth internationally.
Technology can improve how we work. Regulation can change the framework in which we operate. Markets will inevitably go through cycles.
But some principles do not need reinventing.

Some principles do not need reinventing.

05/10/2026

🌍 Markets are climbing. Geopolitical risks remain elevated. The U.S. dollar is strong. And investors are once again asking: Where do we go from here?

In the newest edition of The Swiss View, we take a closer look beneath the surface of today’s markets.

While financial markets have largely looked past ongoing geopolitical and political uncertainty, high U.S. equity valuations continue to deserve attention. At the same time, developments in the bond market are raising questions about fiscal sustainability, while the current strength of the U.S. dollar may present opportunities for investors looking to increase their international diversification.

We also look at why the long-term case for precious metals remains intact and why European markets, with their comparatively lower valuations, continue to offer an interesting alternative to the U.S.

Ultimately, investing is not about predicting exactly when or where the next market correction will occur. It is about being prepared for different scenarios and ensuring that a portfolio is not overly dependent on **one country, one market, or one currency.

Read the newest edition of The Swiss View: Navigating a World on Edge: https://whvp.ch/blog/the-swiss-view-navigating-a-world-on-edge

As we enter the final quarter of the year, geopolitical uncertainty, persistent inflation and stretched US market valuations create an increasingly complex environment for investors. In this edition of The Swiss View, we look beyond the headlines at rising bond yields, currency developments, preciou...

01/10/2026

📈 The U.S. dollar strengthens. What does that actually mean for your international portfolio?

For U.S. investors, international investing comes with an additional dimension: currencies.

An investment can perform well in its local currency while showing a very different result when translated back into U.S. dollars. During periods of USD strength, this can make international portfolio performance look weaker in dollar terms—even when the underlying investments are performing well.

But currency movements work in both directions, and currencies move through cycles. That is why we believe currency exposure should be viewed as part of a broader, long-term diversification strategy rather than through the lens of short-term exchange-rate movements.

In our latest video, Jess Roberson and Urs Droese discuss what happens to an international portfolio when the U.S. dollar strengthens and how investors should think about currency exposure.

Watch the video here: https://youtu.be/1sCHf_erhLg.

29/09/2026

A milestone like this gives us an opportunity to look back, but above all, it gives us an opportunity to say thank you.

For 35 years, hundreds of clients have placed their trust in WHVP to help them navigate an increasingly complex international financial world. Some have been with us for decades. In some cases, relationships have grown to include the next generation of a family.
That kind of trust is something we never take for granted.
Wealth management is, by its nature, deeply personal. Clients entrust us not only with their assets, but with an understanding of their families, their plans, their concerns and what they want their wealth to accomplish over the long term. Being invited to play a role in those decisions is both a privilege and a responsibility.
Our clients have also shaped WHVP into the firm it is today. Their questions have challenged us, their needs have pushed us to evolve, and their loyalty has allowed an independent, owner-led Swiss wealth manager to grow and develop over three and a half decades.
To mark our anniversary, we have prepared a small gift for our loyal clients as a token of our appreciation.
A luggage tag felt particularly fitting for a firm whose clients, families and financial lives so often extend across borders – and for relationships that have accompanied us on quite a journey since 1991.
To everyone who has been part of the WHVP journey, thank you for allowing us to be part of yours.

35 Years of Preserving Legacies.