Canaccord Wealth Targets Growing US Expat Market in Britain

The firm’s new offering introduces five risk-rated model portfolios designed to satisfy both HMRC requirements and US Passive Foreign Investment Company rules. By utilizing US-domiciled, UK-reporting funds alongside individual government bonds, the service seeks to provide diversified exposure without triggering the significant tax penalties often associated with standard investment products. These models are now accessible to intermediaries via Morningstar.

Antony Champion, chief distribution officer at Canaccord Wealth, noted that the service addresses a distinct lack of cross-border solutions for a demographic that continues to grow as more Americans seek stability in London’s prime real estate markets. To maintain compliance, the firm has retained an independent tax consultancy to continuously audit the eligibility of all holdings within the portfolios. Canaccord emphasizes that while these tools provide a structured framework, they do not replace the need for professional, individual tax advice for those living under two competing fiscal jurisdictions.