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September 25, 2017

Chase de Vere to snap up Medical Money Management

By Krishna Chaitanya

UK-based financial advisory firm Chase de Vere has agreed to take over the financial planning arm of Medical Money Management (MMM), which offers financial planning advice to medical, dental and other professionals.

MMM has offices in Birmingham, Bristol, Exeter, Glasgow, Leeds, Liverpool, Manchester and Sheffield. It currently manages £1.1bn in assets.

Chase plans to merge operations with MMM, wherever they are overlapping.

The deal will add 16 partners and 64 employees, including 30 financial advisers, to Chase de Vere’s roster.

The financial details of the deal, which is expected to be completed on 23 October 2017, were not disclosed.

Chase de Vere CEO Stephen Kavanagh said: “We share many similarities with Medical Money Management, including expertise in advising the medical profession, a strong focus on putting clients first and a commitment to remaining independent and providing independent financial advice to our clients.”

Medical Money Management equity partner Craig Watson added: “It is imperative for us that we remain independent, we did not want to join a restricted advice firm.”

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