SIPP for Expat living in the US

AnotherExPat

I am scrambling for an answer on this one: Hargreaves just sent out a message saying they're closing all accounts held by US residents by year end . I opened the SIPP specifically with them because they said they had no problem with US residents and I knew I was moving to California in 2017.



Hargreaves also didn't offer any alternatives and the letter states that the "Helpdesk cannot provide ... advice ... or recommend alternative brokers." Yup, really super helpful. Not.


This can't be an uncommon problem: does anyone know a UK wealth manager that offers a fee efficient SIPP when the holder is based in the US?



Thanks for any help in advance.

robber2

A quick google found this;


https://harrisonbrook.co.uk/sipp-for-non-uk-residents-uk-expats/


I'm sure there are plenty of others


Rob

EdSwippet

Maybe try AJ Bell Youinvest? For ISAs and general trading accounts, their Terms and Conditions specifically exclude US residents and US citizens (even if living in the UK). However, there is no stated exclusion (yet?) for SIPPs.

simple_expat

Most UK financial institutions don't like to deal with US citizens or US residents, mainly due to the FATCA reporting requirements.

I have seen MyExpatSIPP who definitely accept clients in the US, otherwise, you will need to ask the big ones like Aegon, Aviva, etc