Tax and wealth management advisers to UK nationals living in Europe, Blevins Franks, has agreed to acquire Siddalls France from the IFG Group for an undisclosed sum.
The move signals a “significant development” in its growth plans, with assets under management for the group now standing at £2.2bn.
Blevins Franks has been advising UK nationals on cross-border tax and wealth management for almost 40 years and is based locally in France, Spain, Portugal, Cyprus and Malta, as well as the UK.
For the time being it will be very much “business as usual” for both organisations, read a statement from the group.
John Simmonds, chief executive of Blevins Franks, said: “This is excellent news for both Blevins Franks and Siddalls, but most importantly for clients.
“Siddalls naturally complements our strong position in France and will undoubtedly accelerate our growth plans in that country, for the benefit of our clients and the group as a whole.
Rupert Holderness, general manager at Siddalls, said: “As well as having all of the UK expertise and support that we previously enjoyed at Siddalls, Blevins Franks can provide expert advice to clients who may wish to move to other European countries, adding a new dimension to the Siddalls’ service.”
ruth.gillbe@ft.com
