Advisor and wealth manager to family offices expands into UAE

11 May 2021 2 min. read

UK-based wealth advisor and manager McFaddens & Co has expanded into the UAE, with the aim of catering to the needs of the region’s rich and super rich class. 

With nearly 200 billionaires and more than a million high net worth Individuals, the Middle East punches above its weight when it comes to global wealth. Much of this wealth is in hands of family offices – privately held companies that handle investment management and wealth management for a wealthy family, chasing above-market returns on investment and effective wealth transfer across generations. 

Unpacking on why the company picked the Middle East as its second location alongside London where it founded a few years ago, McFaddens & Co’s chief executive officer Max Eppel said: “The region’s family office market is underserved.”

Advisor and wealth manager to family offices expands into UAE

“We are committed to meeting this demand by offering a multi-family office service that truly understands our clients’ needs,” he remarked. This service will comprise a number of different offerings spanning the investment, wealth management, philanthropic and lifestyle segments. 

Nathan Tolman – an experienced consultant in the wealth management space – has been installed to lead the new UAE operation. He will draw on more than two decades of international financial and consulting (including a spell with Oliver Wyman) experience to establish the firm’s presence, build trust among family offices and grow its portfolio of assets under management. 

Over the past fifteen years, Tolman led his own practice (‘Offshore Management Consulting’) focused on helping foreign companies with company registrations and administration, and business consultancy.

On his new challenge, Tolman said: “McFaddens & Co is perfectly positioned to provide clients with a full suite of family office services where there is a large established waiting demand in the EMEA region. The group is well respected and brings a fresh, independent approach to the market.”

According to Eppel, the expansion into the Middle East marks the kick-off of a broader internationalisation drive. “We have the ambition to become a leading provider of family office services in Europe, the Middle East and Asia Pacific.”