Tony McLoughlin, investment director at London & Capital, discusses how the investment challenges facing Americans living and working in the UK can be alleviated.
With some 182,000 Americans currently living and working in the UK, it is difficult to assess the scale of the issues facing those US citizens who are living in the UK but are non-domiciled: the community we know as US non-doms. However, it is crystal clear that the rules and regulations pertaining to the financial affairs of a US non-dom are now so draconian that many wealth managers and international banks are simply withdrawing from the market. For instance, many Swiss banks refused to service the US non-dom market long ago. For US high-net-worth citizens whose business or personal...
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