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February 5, 2014updated 04 Apr 2017 2:32pm

deVere Group reaches US$10bn under advisement and 80,000 clients

deVere Group has reached a new record of funds under its advice and management and a new record number of clients, it has been revealed.

By Verdict Staff

The global financial giant has confirmed that it now has more than US$10bn under advisement, a year-on-year increase of US$1bn; and its client base has increased from 70,000 to 80,000 over a 12-month period.

Beverley Yeomans,COO, deVere Group, said: "2013 was a fantastic year for deVere, we expanded into new territories and acquired some of the world’s most respected firms. Our trusted financial advisers based in over 70 offices worldwide, have helped deVere to secure 11 consecutive years of growth.

"2014 looks set to be another successful year for deVere as we continue to recruit and train the best to ensure that thousands of people across the world can achieve and even exceed their financial goals."

Yeomans added: "deVere’s growth reflects the wider increasing sense of public confidence in the financial services sector.

"It also underscores how, especially since the global economic crash, individuals are generally more aware than ever that the best way to maximise, grow and secure their wealth in order to achieve financial freedom is by seeking professional advice."

deVere Group’s 2013 acquisitions included Acuma in the UAE, Precision Group Asia in Hong Kong, Broadgate Investment Advisory Services in Thailand, and Elite Investment Group in Shanghai.

The international advisory corporation has recently announced it is to increase the headcount at its administration hub in Malta by almost 30% "to stay on top of current and expected demand, to ensure we’re able to consistently offer world-class support to our wealth management professionals across the world, and to meet growing clients’ expectations."

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