Independent wealth advisory firms LeoGroup, The Capital Company and BFT Financial Group have completed their combination to form a $4.3bn global wealth adviser.
The new unified entity is called Leo Wealth and is expected to have a global reach with offices in Hong Kong, New York, New Jersey and Texas
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Leo Wealth is owned and operated by a diverse group of equity partners. It is licenced by the Securities and Exchange Commission in the US and by the Securities and Futures Commission in Hong Kong.
The new company will focus on offering wealth solutions that integrate portfolio and asset management with international tax and estate planning.
Particularly, it seeks to capitalise on the increasing demand for personalised wealth and tax capabilities amid rising number of high-net-worth (HNW) individuals in North America and Asia-Pacific.
The expanded geographic coverage will enable the firm to serve clients in major investment markets from North America to Asia-Pacific and globally.
Leadership and Comments
The combined entity will be led by Matthew Allain as CEO and Jessica Cutrera as president.
Harmen Overdijk is appointed as the chief investment officer of the firm while Stephen Tally and Jon Rustin will take up the responsibilities of COO and CFO respectively.
Eric Katz joins the firm as chief strategy officer.
Allain said: “Our expanded geographic and international coverage are a perfect match for clients migrating across the US and for international clients, including overseas US and global citizens. Being licenced in the US and Hong Kong is our advantage.”
Cutrera added: “The pandemic and other geopolitical risks have created new challenges for global citizens looking for wealth creation and protection across international borders. The increasingly global flow of wealth and the complex investment and legal landscape have generated new demand and give rise to a new generation of global citizens and internationally minded investors.
“At Leo Wealth, we understand their aspirations and can help clients capture these opportunities via personalised advice, international coverage, and a broader range of solutions – beyond what traditional private banks could offer.”
