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News / Blevins Franks Acquires Siddalls In France

Blevins Franks Acquires Siddalls In France

03.11.14

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Blevins Franks is pleased to announce that it has agreed to acquire Siddalls France (Siddalls) from IFG Group PLC.

Blevins Franks, the leading international tax and wealth management advisers to UK nationals living in Europe, is pleased to announce that it has agreed to acquire Siddalls France (Siddalls) from IFG Group PLC.

Siddalls specialises in providing wealth management advice to UK expatriates in France and so complements the business of Blevins Franks which has been established in France for over 20 years.

The move signals a significant development in Blevins Franks’ growth plans and ensures an unrivalled combination of experience and expertise for UK nationals living in France who require specialist advice in the face of constant legal and fiscal changes in France and the UK.

Commenting on the acquisition John Simmonds, Blevins Franks Chief Executive, 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.

Siddalls is now part of a Group which is committed to the long term delivery of expert tax and wealth management advice and service to UK nationals living in France.”

This view is supported by Rupert Holderness, General Manager at Siddalls who commented:-

“My colleagues and I are delighted with this development – it can only be positive to merge the expertise and resources of the two market leading businesses in our specialised area, and Blevins Franks have shown their long term commitment to invest in and develop the business in France.

“Moreover, 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.”

IFG Group had indicated their intention to focus on their core business but were keen to find the right purchaser who could safeguard the future of Siddalls’ clients and staff. Paul McNamara, Group Chief Executive at IFG Group said:-

“We are pleased that Blevins Franks has agreed to acquire Siddalls France and by drawing on their strong reputation and extensive experience will develop further the local organisation and advice-based services to clients in France.”

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. Following this acquisition, assets under management for the Blevins Franks Group stand at €2.2 billion.

At Blevins Franks, the Partners and Private Client Managers with their specialist legal and support teams focus principally on the very specific needs of UK nationals living in France and other European countries. They pay particular attention to the complexities of tax and legal changes in the UK and the country of residence especially the Double Taxation Treaties.

Similarly, Siddalls is focused on providing the highest standards of advice and service to clients in the complex area of wealth planning.

For the time being it will be very much ‘business as usual’ for both organisations. Over the coming months a working group will assess the optimum way to operate for the benefit of both sets of clients.

3 November 2014

Tax rates, scope and reliefs may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; individuals should seek personalised advice.
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Blevins Franks Financial Management Limited (BFFM) is authorised and regulated by the Financial Conduct Authority in the UK, reference number 179731, to provide advice in the UK. Blevins Franks Wealth Management Limited (BFWML) is authorised and regulated by the Malta Financial Services Authority, registered number C 92917 to provide advice in Malta and other EU countries in line with its [IDD and MiFID] passporting permissions. It is authorised to conduct investment services under the Investment Services Act and authorised to carry out insurance intermediary activities under the Insurance Distribution Act. Where advice is provided outside of Malta via the Insurance Distribution Directive or the Markets in Financial Instruments Directive II, the applicable regulatory system differs in some respects from that of Malta. BFWML also provides taxation advice; its tax advisers are fully qualified tax specialists. Blevins Franks Trustees Limited (BFTL) is authorised and regulated by the Malta Financial Services Authority for the administration of trusts, retirement schemes and companies. Blevins Franks France SASU (BFF), is registered with ORIAS, registered number 07 027 475 to provide advice in France and other EU countries in line with its [IDD] passporting permissions, and authorised as ‘Conseil en Investissements Financiers’ and ‘Courtiers d’Assurance’ (register can be consulted on  www.orias.fr). Member of ANACOFI-CIF. BFF’s registered office: 1 rue Pablo Neruda, 33140 Villenave d’Ornon – RCS BX 498 800 465 APE 6622Z. Garantie Financière et Assurance de Responsabilité Civile Professionnelle conformes aux articles L 541-3 du Code Monétaire et Financier and L512-6 and 512-7 du Code des Assurances (assureur MMA). BFFM, BFWML, BFF and BFTL are all part of the Blevins Franks Group Limited (BFGL) whose registered office is Gasan Centre, Triq il-Merghat, Zone 1, Central Business District, Mriehel CBD1020, Malta. This promotion has been approved and issued by BFWML, BFF and BFFM for respective use in the EU and UK.

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