Blevins Franks has launched a referral service for UK advisers to offer clients relocating to the EU ongoing support.
UK firms face restrictions on the advice they are legally allowed to provide a client once they become EU-resident, while local tax rules, succession laws and regulation affect pensions, investments, estate planning and wealth transfer.
European Client Solutions (ECS) enables UK advisers to introduce clients living in France, Spain, Portugal, Cyprus or Malta to Blevins Franks’ locally based cross-border specialists, providing a collaborative and compliant referral route, ensuring clients can access advice suited to their location.
Blevins Franks’ chief executive James Roberts (pictured) said the service provides advisers with an introductory fee for referred clients, creating an additional revenue stream, while reducing risk.
“This new solution is about achieving the best possible outcomes for clients by connecting them with our established teams of in-country experts,” he said.
“We give wealth managers support for a smooth transition – while protecting the valuable client relationships they have built. We are finding that the improved governance across the industry means many firms have identified this as the right time to remove this regulatory risk from their books.”
