London-based wealth manager, Satis Asset Management (‘SAM’), has appointed two senior advisers, increasing its wealth management, tax and financial planning client services, writes Holly Parmenter.
SAM focuses its offering on those aged over 55, with between £500,000 and £10 million in investable assets and currently advises more than 130 wealthy families.
Supporting private clients in long term financial planning, David Hearne has been appointed Wealth Management Adviser.
Hearne recently worked as an Independent Financial Adviser, prior to that spending four years at HSBC as a Commercial Financial Planning Manager.
Clients with financial interests in the UK and US on tax compliance, estate and inheritance tax planning, foreign tax-credit planning and remittance planning will be advised by Matthew Edwards, who has been appointed Senior Tax Manager.
SAMs director, Matthew Edwards, said: We’re delighted to have appointed Matthew and David. Their expertise and experience will perfectly meet the specific needs of our clients and the challenges they face."
Partners of accounting firm Hiller Hopkins LLP, launched SAM in October 2012. The firm’s US clients had begun demanding both wealth management and tax advice that ensures they are making the most of their finances while reporting correct returns in the US and the UK.
Offering US clients access to high quality mutual funds, SAM provides a service that a small number of UK wealth managers offer. This service uses proprietary software which is designed to specifically provide tax reporting suitable for HMRC in the UK and IRS in the US.