Malaysian-based independent financial adviser Expatriate Financial Services, and Montpelier Group a privately owned independent financial ad...

Malaysian-based independent financial adviser Expatriate Financial Services, and Montpelier Group a privately owned independent financial advisory business with over £790 million ($1,516 million) assets under management, are to merge and will operate under the worldwide brand of Montpelier Private Clients. The merged entity will be known as Montpelier Malaysia in Malaysia. Montpelier currently has 12 offices worldwide and is expanding rapidly, particularly in Asia. Stuart Williamson, managing director of EFS said, “We are delighted to announce the merger of EFS and Montpelier. It represents another major step forward for us. EFS and Montpelier are truly compatible businesses and are both highly innovative, client-focused and driven organizations. Montpelier Private Clients will be a powerful competitor in all of the key global financial centres and the merger represents an existing development for our industry. “We conducted an extensive process examining our options for the future and determined that this transaction best meets our goal of delivering value to our clients who will be well served by the complementary nature of our products, the global reach, enhanced service and a tax planning service unparalleled in the IFA industry today.”