The service focuses on direct ownership of global equities and government bonds rather than pooled funds. By avoiding the latter, the bank aims to shield investors from passive foreign investment company exposure and the reporting burdens that often accompany standard UK investment vehicles. Portfolios are tailored to individual risk profiles, with a minimum entry threshold of £750,000, or approximately $1 million. The bank intends for this offering to integrate seamlessly with its existing private banking and wealth planning services.
Arbuthnot Latham Targets US Expats with New Investment Service
Navigating the intersection of British residency and American tax obligations remains a taxing reality for many expatriates. London-based Arbuthnot Latham is now addressing this friction by launching its Global Direct Service, a discretionary investment platform specifically engineered to bypass the complications of traditional cross-border financial structures for US citizens.
Andrew Grimes, director of international private banking at Arbuthnot Latham, noted that the service emerged directly from client feedback regarding the incompatibility of US rules with UK investment norms. The firm joins a competitive landscape of wealth managers vying for the growing demographic of Americans seeking long-term residency in Britain. Other players, including Canaccord Wealth, LeifBridge, and the now-acquired MASECO and Schroders, have similarly identified the niche as a vital growth area for institutions capable of untangling the complexities of dual-country financial compliance.
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