New York-based American private wealth management firm Highmount Capital has opened a new office in the Amsterdam Metropolitan Area. The office is expected to be fully functional by the end of September 2010. By opening a new office in Amsterdam, Highmount Capital plans to increase its European business.
Highmount Capital is a private wealth management firm focusing on global thematic investments and family sustainability. The company develops long-term, holistic wealth plans tailored to its clients’ unique goals and values. Highmount Capital currently has offices in New York, Boston and Amsterdam and manages about 1.6 billion dollars in total assets.
The office will offer a variety of financial planning services, particularly for families seeking support for their businesses, estate and tax planning. It will also offer guidance on matters of philanthropic and foundation management.
The new office in Amsterdam will enable the firm to broaden their multi-family office services in the European market and serve as a central hub for European clients that currently account for a quarter of Highmount Capital’s client base.
Amsterdam is the perfect location for financial services companies such as Highmount Capital to serve their customers in Europe. Amsterdam is one of the major financial centres in Europe. Finance is the most important sector in the Amsterdam area, generating approximately 20% of the region’s GDP. The Zuidas, the city’s financial district, is a magnet for firms operating in the financial sector.
Nearly 60 foreign bank branches and more than 100 international insurance companies have offices in the region.
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