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Adviser launches tax business

Adviser launches tax business

Financial advice firm Progeny has expanded to offer tax services and bolstered its team with a number of senior hires.

The move will bring financial planning, investment management, private and corporate legal counsel and tax services together under one organisation.

Progeny, which has assets under management of almost £2bn, hired Tony Maleham and Adele Swaine as directors of the newly-established Progeny Tax, with the pair joining from accounting firm Mazars LLP. 

Mr Maleham said: "Having worked in a large international accountancy practice for nearly 18 years, it is incredibly refreshing to join such an innovative and dynamic team."

The former tax partner at Mazars said the new launch of tax services would mean better communication and improved outcomes for clients.

He added: "Progeny is the first professional services organisation with solicitors, financial advisers and tax specialists. 

"This is great for clients who would otherwise require advice from at least three firms, each with different ways of working, to advise on their wealth and investments."

Progeny has another four business areas, Progeny Corporate Law, Progeny Wealth, Progeny Asset Management and Progeny Private Law.

Ms Swaine, who was previously a private client senior tax manager at Mazars, said: "This is a fantastic opportunity to be part of the first organisation to offer completely integrated financial and legal services.

"I’ve worked on projects with Progeny previously, so I’m familiar with the ethos of delivering exceptional service quality, which is exciting."

At the beginning of this year Progeny doubled the number of employees at the firm with an acquisition spree of four advice businesses, in line with its ‘acquire to hire’ strategy. 

rachel.mortimer@ft.com 

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