momo
US citizens in the UK · Institutions

Which Rathbones accounts accept US citizens

Last checked

Rathbones has been checked for US citizens across 3 account types. All 3 are open to a US person (1 with strings).

If you already have an account with Rathbones, a second one there is usually the easier application, because Rathbones has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Stocks & shares ISAs Opens
Brokerage accounts Opens
SIPPs With strings

Stocks & shares ISAs

Compare with other providers
Opens

The ISA sits inside its US service rather than outside it, and Rathbones is refreshingly blunt about what that means. Among the key facts of the offering it lists that ISA income and capital gains are included in your US reports and are not tax exempt under US law. It runs the wrapper and reports it, rather than pretending the tax break survives the Atlantic.

FSCS £85,000 investment cover · minimum portfolio £300,000

Account Terms The catch
Bespoke management inside an ISA
Annual fee
1.10% a year on the first £1,000,000 plus VAT
Dealing fee
None
Can hold
Direct shares and bonds plus selected US ETFs and other US-compliant vehicles, with PFICs avoided.
Individual shares
Yes
US-domiciled ETFs
Yes
 Minimum £300,000 a portfolio and a minimum fee of £1,000 a year. No entry, exit, transfer, custody or dealing fees.

Source: Rathbones investment services for US taxpayers, 2026-08-17 Last checked Rathbones's own page

Brokerage accounts

Compare with other providers
Opens

Rathbones runs a service specifically for US taxpayers and says it supports US residents, US citizens, green card holders and US working visa holders, with a team regulated by both the SEC and the FCA. Its own material says the service avoids PFICs and uses direct shares and bonds alongside selected US ETFs and other compliant vehicles.

FSCS £85,000 investment cover · SEC and FCA regulated · discretionary only

Account Terms The catch
Investment management for US taxpayers
Annual fee
1.10% to £750,000, then 0.90%, 0.70% and 0.50% on higher tiers, plus VAT
Dealing fee
None. Rathbones says it adds no dealing, commission, custody or platform charges
Can hold
Direct shares and bonds plus selected US ETFs and other US-compliant vehicles, with PFICs avoided.
Individual shares
Yes
US-domiciled ETFs
Yes
 One to one discretionary management only, with no advisory or execution only route. The US taxpayer pages publish neither fees nor a minimum, so confirm both at enquiry. ISA income and gains are included in the US reports it produces.

Source: Rathbones investment services for US taxpayers, 2026-08-17 Last checked Rathbones's own page

SIPPs

Compare with other providers
With strings

US persons: a £100,000 SIPP minimum on top of the £300,000 portfolio minimum

Rathbones runs its own SIPP and its SIPP terms carry no US person exclusion, so nothing on paper shuts you out. The gap is that its US-connected pages name the ISA and never name the pension, so confirm the wrapper is in scope before you move a pension across.

FSCS £85,000 · SIPP minimum £100,000 · portfolio minimum £300,000

Account Terms The catch
Rathbones SIPP
Annual fee
£300 a year plus VAT to administer, on top of 1.10% investment management
Dealing fee
None
Can hold
Direct shares and bonds plus selected US ETFs and other US-compliant vehicles.
Individual shares
Yes
US-domiciled ETFs
Yes
 Minimum investment £100,000 with no minimum contribution. Drawdown adds £150 a year plus VAT.

Source: Rathbones SIPP pages and terms, 2026-08-17 Last checked Rathbones's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

PFIC

Almost every UK-domiciled fund is a PFIC, taxed by the US at punitive rates with heavy filing. This is why US citizens hold individual shares, not UK funds.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.

 Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

SIPP US tax

The treaty generally lets a UK SIPP grow tax-deferred for US purposes, but the protection has limits. How the US treats contributions, growth and drawdown.