2025-10-02-Thu-Phil’s Mac mini

Call with Adam Green at Cazenove

• Fidelity in the US:
  • $2.6M in investments (cash, equities, bonds)
  • $400k in a 401(k) pension
  • $50k in a tax-efficient health savings account
• Fidelity in the UK:
  • £225k in a UK pension (Phil)
  • £40k in multiple small UK pensions (Sa)
• Bank accounts in the UK:
  • £450k in primary accounts
  • Minor amounts in ISAs - maybe total of £50k
• Property in the UK:
  • Primary residence: value of £1.9M, mortgage of £653k → £1.25M
  • Rental property: value of £750k, mortgage of £200k → £550k
  • Family business assets ownership: generating annual income £85k
    • Potential sale £350
• Other:
  • Eligible for UK and US social security pensions

Total: ~£5.2M

• US pensions probably can’t move
• now UK tax resident - they can help with both UK and US
• 3 things:
  • investments
  • financial planning (pensions, estate fees, school fees, etc.)
  • cash management & banking (not current accounts, more lending, etc.)