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Moneta Group is going global, announcing a strategic partnership with a London-based financial planner and launching Moneta Global Wealth to serve internationally based clients. In an interview with Wealth Management, Moneta CEO Erik Kittner lauded the partnership with Thomson Tyndall, a U.K. firm founded in 2016 that specializes in financial planning and investment management. He also said more large RIAs are seeking international business in a “natural progression” of the multi-decade growth in the space.
According to Moneta, the Thomson Tyndall partnership is built on growing client demand, particularly from U.S.-based clients living, working or retiring internationally, as well as expatriates with ties to the United States and family offices. The challenges range from intra-border tax laws and regulatory demands to currency needs and market stressors. According to Kittner, the partnership with Thomson Tyndall specifically accelerated due to Moneta’s growing number of expat clients living and working in the U.K. for years.