deVere Group consolidates its European operations
The world’s largest independent financial advisory organisation, the deVere Group, has today confirmed it is to expand its operations in the UK, Germany and Spain, and simultaneously to withdraw its smaller operations in Belgium and Portugal.
The news follows last week’s announcement that the firm is launching a six-month strategic review of its global business model, in which it will analyse ongoing client and regulatory trends, to further enhance its market-leading position.
The deVere Group’s chief executive, Nigel Green , says: "The European marketplace, in terms of taxation and regulation, is changing and we’re committed to evolving with it in order to consistently achieve the results-driven service our clients rightly expect from the deVere Group.
“As such, we’re to strategically expand our interests in the key areas of the UK, Germany and Spain whilst withdrawing from the Portuguese and Belgian markets, which represent a small and decreasing part of our business, in order to best meet the needs of our clients, moving forward.”
Mike Coady, deVere Group director, adds: "We feel our qualified and appropriately licensed financial advisers in the UK, would now be better placed to help our clients in Portugal and Belgium reach their long-term financial objectives.
"By consolidating our European operations in this way, we’ll be able to offer an enhanced level of protection and service, a wider range of advice, and a more comprehensive choice of products.
“This restructuring measure will, in addition, further strengthen our European operations and we fully expect to double our European presence over the next three years.”
deVere Group maintains that its offices in other European countries would not be affected by today’s announcement.
The deVere Group is the world’s largest independent international financial consultancy group. International investors and expatriates employ deVere Group to find financial services products that suit their medium to long term requirements for investments, savings and pensions. With in excess of US$9 billion of funds under administration and management, deVere has more than 70,000 clients in over a hundred countries. Their independence and ability to offer financial products that are tailor-made to fit an individual’s needs are behind their success.
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