UK-based financial advisory firm deVere is reportedly gearing up to further boost its presence around the world as well as expects a 25% growth in business next year.

The firm aims to focus on expanding into emerging markets including Africa and Asia, FT Adviser quoted Nigel Green, the founder and CEO of deVere, as saying.

Under the expansion plan, the firm is seeking to expand its presence in Africa by opening a new office in Nigeria.

Green said: "We’re expecting, and therefore now planning for, a 25% increase in business next year due to the consistently increasing demand for specialist cross-border financial advice. Next year we intend to expand in all regions in which we currently operate.

"Enhancing regulatory requirements typically means more exams for wealth management professionals. This means we employ more specialist trainers, and invest more resources in online training facilities and materials," he added.

The firm has also confirmed plans to open in Melbourne followed by Sydney, Canberra, Adelaide, Perth and Brisbane and also launched a bespoke paraplanning technology.

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