Wealthy Americans are increasingly turning to the UK as a safe haven for their fortunes amid political uncertainty and looming policy shifts in the US.
Increased Interest in the UK
Leading UK wealth managers report a surge in inquiries from US investors looking to move assets to the UK. Toby Glover, CEO of Schroder US Wealth Management, noted, "We are seeing increasing demand for our services from US clients."
Asset Protection Strategies
Investors are exploring ways to safeguard their wealth, including establishing trusts for added protection against legal and political risks. Many are considering transferring significant portions of their assets – between 5% and 50% – to more stable financial systems like the UK and the Channel Islands.
Political Instability and Economic Concerns
The political climate in the US under Donald Trump raises significant concerns for investors. Recent tariff announcements have caused substantial declines in stock prices, leading to investor jitters regarding potential changes in laws affecting their investments.
Amid growing political instability and uncertainty in the US, wealthy Americans are seeking secure havens for their assets, increasingly choosing the UK for this purpose.
