James Hambro & Partners (JH&P) has received authorisation from the Securities & Exchange Commission (SEC), enabling it to broaden its proposition and cater for American clients.
The company believes that in the current political climate,
there is a growing appetite for overseas investments among US families, at a time when many of JH&P’s rivals have withdrawn these services due to regulatory concerns.
Chief executive Andy Steel (pictured) said: ‘More and more wealthy US individuals are challenging the traditional home bias and looking overseas for wealth management, but there are very few firms in the UK who can credibly do this.
‘Several of those who can are actually giving up their SEC registration because they are concerned about the regulatory burden, but we’ve done our homework and we clearly understand the SEC compliance process.’
JH&P recently bolstered its US capabilities, hiring investment manager William Francklin, who has considerable experience of running money for American investors, from Waverton in July.
Francklin added: ‘Many wealthy American families have offshore trusts and require a non-US money manager, or at least one based outside of the US, to run these and I’m meeting lots of families who are interested in using our service.’