Chase de Vere to ramp up recruitment and M&A

Added 3rd May 2017

Chase de Vere has said it plans to recruit more financial advisers and explore further acquisition opportunities.

Chase de Vere to ramp up recruitment and M&A

In its latest annual report, the UK-based IFA business, backed by life assurance company Swiss Life, stated that it sees “many opportunities for further growth,” at a time when traditional IFAs are becoming scarcer.

In addition to nurturing existing partnerships within its client base, including the British Medical Association, and building new relationships, Chase de Vere confirmed it would be recruiting a new crop of financial adviser talent.

It also said it intends to explore new acquisition opportunities and would aim to invest £2.8m over the next five years in its IT capabilities.

The news follows “another year of positive progress” for the group.

Profits before tax increased by 6.9% from £5.4m to £5.8m over the period and saw an increase in fee income revenue from £50.1m to £51.8m.

The average income fee per adviser climbed from £216,000 to £245,000.

 

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Kristen McGachey

Senior Reporter

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.

This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.

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