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Monetary advisory agency Dow Schofield Watts, which has a wealth planning division run by a Chartered Monetary Planner, has expanded with the acquisition of a Lancashire-based HNW shopper tax specialist STS Europe.
Burscough-based STS advises excessive internet value shoppers together with UK-resident non-domiciles on areas akin to inheritance tax, trusts and offshore buildings.
The deal, for an undisclosed sum, allows the retirement of STS proprietor Andy Sharp.
Dow Schofield Watts is the mother or father firm of DSW Wealth Planning LLP, run by Chartered Monetary Planner Jonathon Jay, and is an appointed consultant of Corbel Companions Restricted. It gives a variety of companies, together with Monetary Planning and enterprise planning together with office pensions. It’s based mostly in Warrington.
STS gives a variety of companies together with helping offshore banks and belief corporations all through Europe with UK tax points.
STS Europe will now develop into a part of DSW Tax Advisory, Dow Schofield Watts’ tax follow. It is going to stay in its Burscough workplace and can function as DSW STS within the fast future.
Andrew Robinson, a director of STS, will develop into a companion in DSW Tax Advisory.
Dow Schofield Watts says it provides an alternative choice to conventional accountancy and tax corporations by enabling professionals to run their very own enterprise underneath its model. DSW Capital plc, the corporate which owns the Dow Schofield Watts model, offered funding assist for the transaction.
Dave Waddington, of DSW Tax Advisory, stated: “STS has constructed a powerful popularity for its work with high-net value shoppers and offshore trusts. The acquisition will deliver extra experience to DSW Tax Advisory and allow us to broaden the vary of companies we provide. We’re delighted to welcome Andrew on board.”
Dow Schofield Watts is an impartial advisory enterprise established in 2002. It employs greater than 100 professionals, based mostly in workplaces in Aberdeen, the North West of England, Leeds, London, Nottingham and Studying. It gives a variety {of professional} companies, together with wealth administration, company finance, tax advisory and debt advisory and wealth administration.
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