David James Wealth USA launches new Model Portfolio Solution (MPS) for global residents
- New investment service caters for dual UK and US taxpayers
- Launch coincides with a record number of Americans applying for British citizenship this year
- New MPS addresses complex tax and reporting requirements
October 2025, London, England: David James Wealth USA (“DJW USA”), a leading financial adviser, has launched a new Model Portfolio Solution (“MPS”) to serve dual UK and US taxpayers.
The DJW Global Management Portfolio Solution (“The DJW Global MPS”) is available in three risk levels — Balanced, Growth, and Adventurous. It offers a simple, tax-efficient way to invest on both sides of the Atlantic. The new offering has been built to meet the demand of DJW’s high-net-worth clients in music, sports, and business.
One of only a few on the market, the DJW Global MPS supports US citizens who live and work overseas. US citizens must continue to pay taxes in America, regardless of where they live in the world. Most US funds are non-reporting for UK tax purposes, resulting in gains being taxed as income rather than capital gain. US citizens/taxpayers who invest in UK and EU funds can trigger US Passive Foreign Investment Company (“PFIC”) rules. PFIC rules are designed to prevent US taxpayers from deferring income tax on earnings made overseas. Investments classified as PFICs are subject to strict tax guidelines and can result in higher taxes and more complex reporting requirements.
The main alternative for investors is to build a portfolio of individual shares, but that often means higher costs and less diversification. The DJW Global Managed Portfolio Service (MPS) removes this complexity. It is a low-cost, globally diversified investment built with passive funds designed to avoid PFIC issues, double taxation, and unnecessary reporting burdens for cross-border investors.
With a transatlantic client base, David James Wealth USA has seen a growth in demand for new investment tools that support citizens on both sides of the pond. According to recent data published by the Home Office, the number of Americans applying for UK citizenship between January and June 2025 was the highest on record, marking a 39% year-on-year increase.[1]
The new MPS, the first created by David James Wealth USA, was developed by James Reiss (CEO), Thomas Quinn (Managing Director), and Colin Beveridge, Investment Consultant to DJW USA. Quinn, Beveridge and the DJW USA investment committee will manage the MPS on an ongoing basis.
Thomas Quinn comments: “Investing globally as a US citizen is notoriously complex. Our new Global MPS has been designed for internationally mobile clients — from high-profile entertainers to business leaders — who demand simplicity and efficiency across borders. Few advisors can match this level of cross-border expertise. With years of experience in this space, and the ability to advise in the US, UK, and EU, we are well-positioned to support high-net-worth clients with a premium investment solution.”
David James Wealth USA’s MPS combines broad global index exposure with a systematic, evidence-based approach that tilts towards smaller companies, value stocks, and higher-profitability businesses. The result is institutional-quality diversification, designed to capture stronger long-term growth potential while still maintaining some downside resilience
The DJW Global MPS has an annual management fee of 0.50%. This fee is comprised of a portfolio manager fee of 0.40% and a cost of underlying holdings of 0.10%. The minimum investment requirement is £1m of investable assets.
The new tailored MPS comes at a time when the level of assets in tailored MPS arrangements is on the rise. According to market research company Platforum, tailored MPS make up 16% of the total wealth management market assets of £1,112bn.[2]
[1] Source: Home Office Citizenship figures updated 25 June 2025. From January to June 2024 there were 2970 British citizenship applications by US citizens. In the same period in 2025, 4,125 applications were made, representing a 38.9% increase year on year.
[2] Source: Professional Adviser, published 9 June 2025
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