The new company is aimed specifically at clients that face the complex regulatory and tax issues which are a byproduct of moving between the UK and United States – an issue which is being further complicated by the recent FATCA legislation.
Paul Nixon, director of Vestra US, said: “While it has always been the case that US connected investors have been subject to strict cross-border regulation, the implications of new regulations such as FATCA should not be underestimated.
“Affected investors should therefore act now to insure that their portfolios are both as tax efficient as possible and also meet future reporting requirements.”
The Financial Conduct Authority and Securities & Exchange Commission regulated company is led, in addition to Nixon, by Neil Williams and has a dedicated team offering a range of specialist services to clients.
Specifically, Vestra US said it will create portfolios which will take into account income and growth requirements, as well as the relevant tax and investment constraints resulting from exposure to multiple jurisdictions.