UK wealth managers say enquiries from US-based investors worried by the actions of Donald Trump and his administration and seeking to move money from the country have risen markedly.
Rathbones, RBC Brewin Dolphin, Evelyn Partners and Schroders Cazenove told the Financial Times that more US clients were looking to move a greater portion of their wealth to the UK, while others had already done so.
Toby Glover, chief executive of London-based Schroders US Wealth Management, said 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”.
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