Financial advisory firm Hoxton Capital Management has opened up shop in the US with an office in Austin, Texas.
The firm confirmed in a statement that its investment adviser application has been approved by the Texas State Securities Board.
Hoxton now employs over 60 people across multiple offices and the firm is continuing to “pursue a number of regulatory licences” in a bid to expand globally, it said.
International Adviser asked the firm what services it will provide in the US, and the firm said that it would be to do advice services ‘right across the US’.
Reaching out to UK expats
Chris Ball, managing partner at Hoxton Capital Management, said: “We see the US market as a massive opportunity for us to grow our business.
“With close to one million British expatriates residing in the US and a lack of suitability-qualified advisers to advise on UK and US investment advice issues, we see this is a great market for us to join and focus group efforts on.
“We really feel that we can offer a lot in the way of client support and value add to those clients residing there.
“We are looking to build out offices in different cities in the US over the coming years and really see it as great chance for us to work with talented and like-minded advisers to help secure our clients futures.”
Background
Hoxton Capital was founded by ex-deVere duo Matt Dean and Ball in 2018.
It has dual licences in the UK and now the USA and will serve clients in both regions.
The firm provides advice across the Middle East region through a Fujairah free-zone investment consultancy trade licence and currently has a financial consultancy and financial analysis licence application pending with Securities and Commodities Authority (SCA) to service clients in the UAE.”
