Ultrawealthy look beyond the U.S. for asset diversification, Citi executive says

A Citi Wealth executive says American ultra‑wealthy clients are increasingly booking assets outside the United States for optionality and resilience, pursuing additional residencies or golden visas in places like Italy, Portugal, Jersey, Australia and New Zealand without fully expatriating. Citi’s Wealth Beyond Borders projects about $3.06 trillion shifting to hubs such as Hong Kong, Singapore, Switzerland, the UAE and the U.S. from 2025–2029, driven by lifestyle, growth and policy risk concerns; UBS and Henley & Partners also note rising global migration and residency-by-investment activity. Family offices report increased cross-border investing and a continued but not reduced U.S. exposure, underscoring a deliberate diversification trend rather than flight from America.