Waverton targets US expats with manager portfolio service

Added 6th June 2017

Discretionary asset manager Waverton Investment Management has launched a global equity/bond model portfolio service aimed at US expat clients.

Waverton targets US expats with manager portfolio service

Accessed via UK and international advisers, the service consists three portfolios - cautious, balanced and growth.

Growth has an investment objective of the UK CPI plus 3.5% with a long-term asset allocation of 75% in equities and 25% in bonds.

The balanced portfolio targets CPI +3%, with long-term allocation of 60% in equites and 40% in bonds, while the cautious fund aims for CPI +2.5% and is split 45% in equities and 55% in bonds.

The mandates have a minimum investment set at £250,000 or $350,000. The Waverton annual management charge is 0.50%.

The custodians of the portfolios are Praemium International which will provide clients with US compliant tax reporting, and there are separate charges for its platform.

Waverton said the three portfolios complement its existing fully bespoke discretionary fund management services.

Andrew Vaughan-Payne, director in Waverton’s private client team, said: “We have a long and established history of working with US clients, having served foreign trusts with US beneficiaries, US persons with offshore trusts and US expats for over twenty years.

“We have now decided to provide a solution for clients with portfolios from £250,000 to meet a growing demand for this type of service. 

“This launch offers access to our tried and tested investment management at a lower entry level, supported by fully compliant tax reporting.”

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Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.

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