American millionaires look to Canada amid growing concerns back home
Lifestyle over politics for some segments
The motivations behind relocation interest are not purely political. Among millionaires aged 30 to 44 who have grown more likely to consider a move since the 2024 election, 23 per cent cited the opportunity for a better lifestyle as their primary driver – a share notably higher than the 14 per cent figure across all age groups.
This distinction is relevant for advisors working with high-net-worth clients who may be exploring international planning options not as a political statement, but as a longer-term lifestyle or estate strategy. The demand for cross-border financial planning has been a growing consideration for Canadian wealth professionals navigating clients with assets in multiple jurisdictions.
Canada and the UK lead preference list
After Canada, the United Kingdom ranked second as a preferred destination at 13 per cent, ahead of Italy (9 per cent), Ireland (8 per cent), and Portugal (8 per cent).
The UK’s resilient appeal surprised some observers given policy changes in recent years that were seen as less welcoming to wealthy residents, but its financial services infrastructure, educational institutions, and cultural ties to the US appear to sustain its attractiveness.
Armand Arton, CEO of Arton Capital, said the firm’s client enquiries from Americans have accelerated sharply enough to prompt new office openings. “Americans now represent the fastest growing segment of new clients for the entire investment migration industry,” he said. “In the last 12 months, we’ve seen an explosion in enquiries from wealthy Americans, so much so that we’re now opening new offices in Miami just to accommodate the demand.”
