Stone, who recently retired from Lombard, where he most recently had been chairman, is Blevins Frank’s new chairman, while Simmonds, who had been Bluefin’s chief executive and previously also served as CEO of Towry Law, is the company’s new chief executive.
The company did not name the other new partners in the business, although it noted that some had been running the firm’s various overseas offices for more than 20 years. The purchase price was also not disclosed.
It is not yet known what, if any, plans Stone and Simmonds have to change the business. Stone and Simmonds were not available for comment.
Blevins and Franks, who have retired, will continue to work for the firm as consultants, a spokesman for the company said.
Blevins Franks was originally founded in the UK in 1975 as a chartered accountancy practice. Blevins and Franks began looking after British expatriates after one of their existing clients moved to Spain, and asked if they would continue to look after his financial affairs there.
The firm, which is now based in London and administered in Malta, grew to become a leading wealth management group specialising in providing bespoke tax and estate planning services to British expatriates living in Europe.
In addition to its London headquarters, the company currently has 24 offices, in the UK, France, Spain, Cyprus, Portugal and Malta.
