A new professional forum, US Professionals Association (USPA), has been launched to strengthen the relationships between the various professional firms that service the US community in London, according to Lawyer Monthly.
The USPA, which includes accountants, lawyers, wealth managers and others professionals will provide a platform for discussing the unique issues that are faced by US professionals who reside in the UK.
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The sponsor members for the forum include wealth management firms such as Westleton Drake, Vestra Wealth, MASECO Private Wealth and Satis Asset Management, while accountancy firms such as Deloitte, Buzzacott, Frank Hirth and BDO are corporate members, as are law firms Speechly Bircham LLP and Withers LLP.
Daniel Hyde, of UK-US tax advisers Westleton Drake, said: "Our clients invariably face issues which require our firms to work together and this group is designed to help us deliver in a seamless and joined-up manner."
Chris McLemore of Withers LLP said: "The discussion element makes the group unique and allows members to learn how others are dealing with the issues of the day, whether they relate to tax, investments, immigration or any other area."
Paul Nixon, director of Vestra US, said: "Westleton Drake, Withers, and Vestra US separately discussed the need for a greater level of information exchange between the different facets of the US Private Client world with Deborah Hicks, owner of international tax training company DJH international tax.
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By GlobalData"The purpose of this group is to position all of us better to provide guidance and support to clients and thereby continue to raise standards within our section of the industry," Nixon added.
The USPA meets quarterly and each meeting has attracted approximately 50 people until now. The meetings provide an opportunity to discuss a broad topic that has relevance to all and helps them provide a more rounded portfolio of advice to clients.
The first two meetings have dealt with different aspects of retirement planning and pension and members can also elect to attend two conferences a year, in February and October.
