UK-based Waverton Investment Management has launched a new portfolio service targeted at US expat clients.

The service, available through UK and international financial advisers, will comprise cautious, balanced and growth portfolios.

It requires minimum investment of £250,000 or $350,000 and will charge 0.50% per year as management fee.

The service, custodied with Praemium International, can also be accessed by US expats in the Far East, Middle East and Continental Europe.

Waverton private client team director Andrew Vaughan-Payne said: “We have now decided to provide a solution for clients with portfolios from £250,000 to meet a growing demand for this type of service.  This launch offers access to our tried and tested investment management at a lower entry level, supported by fully compliant tax reporting.”