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
Sumud Flotilla: World governments must act as global capitals see uprisings of rage
Demonstrations in numerous cities globally in support of the Sumud Flotilla condemning Israeli assaults on ships.
The Israeli occupation forces have detained Global Sumud Flotilla participants aboard the Alma and Sirius boats.
Sumud Fleet: CCTVs are offline and military personnel have boarded the ships.
A martyr and a number of wounded as a result of the raid that targeted a vehicle in the town of Kafra.
Al Mayadeen correspondent: An Israeli drone bombed a vehicle in the town of Kafra, south of Lebanon.
Al Mayadeen correspondent: Iranian Defense Minister Amir Nasirzadeh arrives in Ankara for talks with his Turkish counterpart.
Israeli media: Five wounded in shooting-ramming operation near Tunnel checkpoint south of al-Quds.
Israeli media report a number of Israelis wounded in shooting-ramming operation south of Al-Quds
Venezuelan President's "external unrest" decree a constitutional response activated when the country is faced with external threats

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

Iran blames US obstruction for failure of UNGA talks

Donald Trump to press Xi Jinping on soybeans as US farmers struggle

'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

Iran exposes Israeli nuclear projects in major security breach

Iran exposes Israeli nuclear projects in major security breach

  • Politics
  • 24 Sep 2025
Last photo showing Martyr Sayyed Hassan Nasrallah and Martyr Hajj Hassan in a Resistance operations room, Beirut's southern suburb, Lebanon, days before their martyrdom (Al Mayadeen)

In heart of battle: Al Mayadeen shares last photo of Sayyed Nasrallah

  • Politics
  • 27 Sep 2025
Hamas fighters stand in formation ahead of a ceremony to hand over Israeli captives to the Red Cross in Nuseirat, Gaza Strip, Feb. 22, 2025. (AP)

Hamas reviews Trump’s Gaza ceasefire plan as PIJ rejects

  • Palestine
  • 30 Sep 2025
Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025

Coverage

All
War on Gaza

Read Next

All
From inside the ship Alma of the Global Resilience Fleet (social media)
Politics

Israeli occupation regime navy raid Gaza Flotilla's Alma, Sirius ships

Ali Larijani, secretary of Iran's Supreme National Security Council, attends a ceremony at Hezbollah leader Sayyed Hassan Nasrallah's grave in Beirut, Lebanon, Saturday, September 27, 2025 (AP)
Politics

Larijani: Europe mistaken to expect concessions from Iran

Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media
Politics

Gaza resistance announces major operations against Israeli forces

Smoke rises following an Israeli military strike in Gaza City, as seen from the central Gaza Strip, Wednesday, October 1, 2025. (AP Photo/Jehad Alshrafi)
Politics

Gaza death toll rises to 66,148 as 'Israel' closes Al-Rasheed street

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