The new partnership will enable the UK firm to manage US pensions as part of a US and UK client’s investment plan.

Sarasin Asset Management, a registered investment advisor with the SEC since 2003 and regulated in the UK, has entered into a strategic partnership with Pershing Advisors’ US investment and custody platform.  

US expats often have difficulty managing their legacy individual retirement accounts (IRAs) from the UK or elsewhere.  The Sarasin and Pershing Advisors partnership will now enable the UK firm to manage these US pensions as part of a US and UK client’s investment plan, the firms said in a statement.

“The special relationship between the US and the UK promotes an increasing number of transatlantic families and global executive moves, and with this comes a number of specific investment and savings challenges too,” said John Soler, investment director of Sarasin Asset Management. “Without the right access to US and UK investment platforms or an investment advisor with the access and the specialist knowledge of both countries’ pension products, clients are left within incomplete investment plans and neglected legacy pension investments.”

This publication recently interviewed London & Capital, which is taking steps to expand its US expat operation in the UK.