Ex-pat wealth management firm Blevin Franks is looking to appoint UK-based advisers, in an aim to double its adviser numbers and asset base this year.
The advisers will help deal with 150 elderly clients per year who return to the UK and to staff overseas offices, reports FT Adviser.
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According to Blevin Franks business development director Jason Porter, the appointment of more UK financial advisers and retaining clients returning to these shores was part of the firm’s endeavour to expand organically.
Porter remarked, "I was hired to make contact with lawyers and accountants with clients moving abroad, however now the recruitment side is becoming equally as important to us as the demand for our services is not matched by the supply of advisers.
"When you look at our best recruits they were from the UK market because of the levels of qualifications they must have to advise in this country."
Porter said that the firm has found that in the last few years nearly 150 ex-pat clients a year have abandoned overseas living and returned to the UK, and the ex-pats usually return when they are over 75 years of age.
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By GlobalDataHe added that the firm is eyeing £3.8bn in assets under management and recruitment of over 40 advisers by 2019.
