Having received authorisation from the US regulator, the Securities & Exchange Commission (SEC), the JH&P service is aimed at American clients looking to diversify away from the US.
The launch backs up JH&P’s recent hire of William Francklin – a US US and global equity markets specialist with a background managing assets for American investors who joined from Waverton.
The new service is available through advisers and to US clients in other jurisdictions.
JH&P chief executive Andy Steel said: “Anxiety around the political situation in the US means 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 have a strong compliance culture and a clear focus on what’s best for the client. We’ve done our homework and we clearly understand the SEC compliance process”
Francklin said: “I’m meeting lots of families who are interested in using our service, particularly on the West Coast where so many disruptive technologies are emerging and where a staggering amount of wealth is being created.
“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. Other family offices do it purely for investment reasons – they want to diversify outside of the US and there’s enormous appeal in having an expert manager they can trust who is based in Europe like JH&P.”
