Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: 'Israel' launches two airstrikes on eastern Khan Younis, Gaza.
Al Mayadeen’s correspondent in Gaza: Israeli occupation forces carry out demolitions in eastern Gaza City.
Venezuelan Foreign Ministry: The National Armed Forces will remain on alert and mobilized in the face of this extremely dangerous provocation.
Venezuelan Foreign Ministry: This is not a defense exercise, but rather a military aggression aimed at turning the Caribbean into a space for violence and US hegemony.
Venezuelan Foreign Ministry: The government of Trinidad and Tobago has surrendered the country's sovereignty to act as a military colony serving US interests.
Rapid Support Forces attack El-Fasher, west Sudan.
Al Mayadeen correspondent: One martyr and one wounded in an Israeli drone attack on the town of Hafir, west of Baalbek, eastern Lebanon.
Al Mayadeen correspondent: An Israeli drone fired three missiles in the vicinity of the town of Bodai, west of Baalbek.
Reuters: The Rapid Support Forces announced that they have taken over the headquarters of the Sudanese Armed Forces in al-Fasher.
Al Mayadeen correspondent: An Israeli drone strike targeted the town of Al-Qlailah, Southern Lebanon.

UK wealth managers report influx of funds from American investors: FT

  • By Al Mayadeen English
  • Source: Financial Times
  • 6 Apr 2025 11:56
4 Min Read

UK wealth managers have reported a notable rise in inquiries from US investors seeking to move their assets to the UK, driven by concerns over the actions of Donald Trump and his administration.

Listen
  • x
  • Helena Jensen, joins a Helena Jensen joins a "Hands Off!" demonstration against US President Donald Trump and Elon Musk, at Trafalgar Square, in London, Saturday, April 5, 2025 (AP)

UK wealth managers have reported a sharp increase in inquiries from US-based investors concerned about the actions of Donald Trump and his administration, with many seeking to move their wealth from the US to the UK, the Financial Times reported on Sunday.

Firms such as Rathbones, RBC Brewin Dolphin, Evelyn Partners, and Schroders Cazenove told the Financial Times that a growing number of US clients were looking to relocate a larger portion of their wealth to the UK, with some already having done so.

Toby Glover, CEO of Schroders US Wealth Management in London, stated that there had been “a significant increase in new client enquiries, and assets” over the past year, with a “very noticeable uptick over the first three months of this year.”

Nick Ritchie, senior director at RBC Wealth Management, noted that inquiries from US clients were “markedly higher” than during Trump’s first term. Many clients were looking to transfer “between 5 and 50 percent” of their wealth to be managed in the UK or the Channel Islands, with the majority opting for the lower end of that range. The main driving factors behind this move were “safety and security concerns.” Ritchie also mentioned that some wealthy clients had gone further by moving assets into trusts instead of holding them in personal names, providing “an extra layer of protection.”

Related News

US troops may miss paycheck by November 15: Bessent

China set to delay rare earths restrictions 1 year: Bessent

'A getaway money'

James Blosse-Lynch, an investment director at Rathbones, referred to this money movement as “getaway money,” sharing an example where a client shifted a quarter of their wealth to be managed in the UK, a significant increase from previous holdings. He added that while it was still “early days” in the new presidency, discussions with other clients were “gathering momentum.”

The surge in inquiries follows the announcement of new US tariffs by the Trump administration, which caused $5.4 trillion in stock market losses over two days.

Roy Clouse, senior investment director at Canaccord Wealth, explained to the Financial Times that “there’s a growing concern that the president is operating further and further outside the existing rules and conventions, and could change legislation affecting the ability of investors to invest in foreign markets and currencies.”

At the same time, the UK is seeing a shift, with some wealthy individuals leaving due to changes in the country's tax laws, specifically the abolition of the “non-dom” system. Nick Reeves, a financial planner at Evelyn Partners, pointed out that while many wealthy international individuals are leaving the UK, “we’ve definitely had more queries from Americans.” He added that one of his clients sought to move assets out of the US legal system to purchase UK property in case of potential asset seizures.

The UK has replaced non-dom status with a tax exemption for foreign income and gains for new residents during their first four years, provided that they have been non-residents for the previous ten years. After four years, these residents must pay tax on worldwide income and gains.

Some advisors believe that individuals are using the UK as a temporary “car park” while considering other long-term options, such as moving to Italy, Switzerland, or Dubai. Ritchie commented, “The UK may be acting as something of a car park” as clients explore other possibilities.

  • United States
  • Trump's tariffs
  • new tarrifs
  • UK wealth managers
  • United Kingdom
  • US investors
  • Donald Trump

Most Read

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)
Politics

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

A Russian cargo train arrives at Astara Railway Wharf, March 2018 (IRNA)
Economy

Tehran, Moscow to finalize INSTC rail project next month

Iran's Parliament Speaker Mohammad Bagher Ghalibaf addresses the media after submitting his candidacy for the Islamic Republic's upcoming presidential election in Tehran on June 3, 2024 (AP)
Politics

UNSCR 2231 termination marks major win for Iran’s diplomacy: Qalibaf

ap
Politics

'Israel' killed 40 Palestinian children in West Bank since January: UN

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS