With 20 years’ cumulative offshore experience, the pair are licensed to serve clients in Abu Dhabi and Dubai with a UK licence “following shortly”, Dean told International Adviser.
Prior to setting up Hoxton Capital Management, Ball was deVere’s Qatar area manager for three years, while Dean was an FX manager for the international advisory business for five years.
Hoxton, which launched 12 April, aims to offer ‘borderless’ financial advice to expat clients. It has an office in Abu Dhabi and one in the UK.
The advisory network emphasises giving full flexibility to its consultants and offering clients a tailored, long-term financial solution.
Hoxton’s goal is “to change the public’s perception of the offshore IFA sector and deliver a transparent holistic financial package to its customers”.
To support this aim, the firm says it can offer top advisers “new opportunities and structures not currently available through more traditional IFA firms”.
Challenge perceptions
“This is a hugely exciting new chapter for all of us involved,” said Dean. “At Hoxton, our aim is to change the offshore financial market place for the better by giving staff and clients a company they can believe in, long term.”
Dean told IA their offer to advisers will create a “friendlier and happier” working environment, leading to improved long-term decision making and happier clients.
The managing partner explained that a flat network structure and fair remuneration were among the key selling points for an industry which has seen too many unsettled advisers.
Co-founder and fellow managing partner Ball added: “Having worked at deVere for seven years, and leaving to start Hoxton with Matt, I am confident we can create a unique network for advisers that will offer unparalleled support and opportunity for the new style of adviser that is operating within the offshore financial advice market.”
Hoxton provides advice across UAE through a Fujairah free zone investment consultancy licence. A Dubai Securities and Commodities Authority licence to provide financial advice has been signed off at the ‘no objection’ stage.
