ONE of Scotland's largest privately owned independent financial advisers is to establish a base in Monaco to serve some of the world's wealthiest clients.

The move into the principality is part of Stewart Asset Management Group's plans to double its turnover to £5m this year. It aims to establish itself as a niche player in investment management and tax mitigation structures for high net worth individuals.

Monaco is seen as a big potential market by the company because of the high number of wealthy British expatriates who live there, including some of its existing clients.

Read more about Stewart Asset Management Group's intention to offer wealth management services in Monaco at http://business.scotsman.com/banking.cfm?id=2131502005.