The Kleinwort Benson team will be integrated into Saffron’s city-based team, though the number of staff moving with the business has not been disclosed.
Kleinwort Benson said that as the UK tax regime was getting complex, it felt a need for a specialized external partner that would provide its clients with top quality service. The decision was thus made to sell the private client tax compliance business to Saffron.
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Formed just two years ago, Saffron Tax Partners offers a range of tax services to UK and non-domiciled individuals.
Saffron managing partner Karen Spencer-Smith said; "Given the continuing challenging and volatile economic back-drop, preservation of wealth is key and it is therefore essential our clients can feel confident that their financial affairs are managed as tax efficiently as possible."
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