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Investments & Wealth Management
Investing On Both Sides Of The Pond
Having relocated to the UK from America, you may find it’s not just the accents, conversations about the weather and grocery stores that you need to get used to. Due to complex tax and reporting rules in both the US and the UK, it’s likely you’ll also need to adjust to a new way of managing your investments.
There are many potential pitfalls for Americans in the UK who want to invest. The rules and regulations can seem so overwhelming that many US expats end up avoiding it altogether. However, this is the worst thing you can do - it’s vital you stay on track with your investments to meet your long-term financial goals.
Finding the right expertise in the UK
All you need is the right help and, thankfully, there are specialist investment managers here in the UK who can look after you and your wealth.
It means you can speak to someone in the same timezone about all your investment needs and be reassured that you are being looked after.
When looking for the right investment manager, you need to make sure they offer a designated service for US expats – not simply an off-the-shelf solution but one that is specifically tailored to your dual UK/US needs.
A Good US Expat Investment Manager Will Consider:
- US interests and assets, including pension arrangements
- Currency requirements and whether you want to hold investments in sterling, dollars, euros, other currencies, or even a mix of several
- Requirements for direct exposure to US markets, via municipal bonds or US equities
- Pension arrangements and whether or not you need to keep them in a US IRA
- Accounting needs and whether you want your accounting done in dollars using the US tax year
- Tax reporting needs and whether you require documents such as the 1099, the 1042 and other FATCA reporting documents required by the IRS.
Enabling the best possible outcomes
Investment firms that are able to cater for US expats will also work closely with your other tax, accountancy or legal professionals to ensure your investments are compliant across jurisdictions and structured to enable the best possible outcomes.
Subject to their advice, you may need to avoid certain investments including PFICs and most collective investment vehicles.
You may also need to be mindful of the implications of using UK wrappers such as ISAs or SIPPs.
Don’t leave it to chance
Now you know it’s possible to have all the convenience and expertise of a locally based investment manager, don’t leave it to chance.
By not getting the right advice, you could be forfeiting your long term financial goals and the future you want for yourself and your family.
Surrounded By Specialists On Both Sides Of The Atlantic
At Canaccord Genuity Wealth Management, we cater for the total investment management needs of US citizens while they are living in the UK.
With over 50 years’ combined experience of managing assets for US expats, our specialist team offers a choice of discretionary or advisory investment management in both US dollars and sterling, leveraging the insight from our extensive research team based in North America and London.
