Blevins Franks Acquires Siddalls In France


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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

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