Tilney Smith & Williamson appoints Partner to build US / UK transatlantic tax team

12 October 2021
 

Tilney Smith & Williamson, the leading wealth management and professional services group, has announced the appointment of Adam Smith as a Partner in its professional services business with a remit to build a new US / UK transatlantic tax team at the firm.

Adam is a dual qualified US and UK tax adviser specialising in advising US-connected individuals and businesses in all aspects of cross-border US and UK tax issues. He joins Tilney Smith & Williamson from Blick Rothenberg where he was a Partner for three years. Prior to that Adam co-founded Westleton Drake during which time he headed-up the firm’s Entrepreneurial Private Client team and latterly the International Private Client Practice. He has a history of advising American citizens resident in the UK, US business owners in the UK and the US, and is a specialist in matrimonial tax planning; often acting as a single joint expert in financial remedy proceedings where US citizens or US assets are involved.      

Tilney, which merged with Smith & Williamson to create a new wealth management and professional services group in September 2020, has more than 20 years’ experience looking after US-connected clients and is registered with the US Securities & Exchange Commission. It can provide a full range of discretionary investment services to individuals, trusts and companies. The creation of the new transatlantic tax team under Adam Smith’s leadership will enable the firm to provide an integrated tax and wealth management service with dual expert client teams. 

Tom Shave, Head of London Tax at Tilney Smith & Williamson commented: “We have seen growing demand in recent years from transatlantic clients seeking advice on their US / UK tax affairs and I am therefore delighted that we have been able to appoint someone of Adam’s calibre to lead our new dedicated proposition. Recruitment is already well advanced for experienced people to join this new team and I am excited about working with Adam to bring about rapid growth in this market.” 

Adam added: “I have for a long time rated highly the technical capabilities of Smith & Williamson’s tax team and am very excited about being given the opportunity to build a new US / UK tax team here. The US market has grown rapidly over the last few years as more Americans understand the need for professional help in meeting the growing complexities of the US and UK tax systems. Combined with Tilney’s heritage and experience managing investments for American clients, we have an opportunity to lead the market in helping US-connected clients with their tax and wealth management affairs.”   

About Tilney Smith & Williamson

Tilney Smith & Williamson is the UK’s leading integrated wealth management and professional services group, created by the merger of Tilney and Smith & Williamson on 1 September 2020. With £54.8 billion of assets under management (as at 30 June 2021), it ranks as the third largest UK wealth manager measured by revenues and the eighth largest professional services firm ranked by fee income. The Group currently operates through three principal brands: Tilney, Smith & Williamson and online investment service Bestinvest. It has a network of 28 offices across the UK, as well as the Republic of Ireland and the Channel Islands. Through its operating companies, the Group offers an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities and businesses. It is uniquely well-placed to support clients with both their personal financial affairs and their business interests. Tilney Smith & Williamson’s personal wealth management services include financial planning, investment management and advice, online execution-only investing and personal tax advice. For businesses, its wide range of services includes assurance and accounting, business tax advice, employee benefits, forensic advice, fund administration, recovery and restructuring and transaction services.