The new office in San Francisco will be headed by Adrian Flambard who has relocated from the group’s office in New York. Flambard has been with the company for more than two years, having joined from Kleinwort Benson in 2012.
Flambard was part of a Guernsey based team acquired during Kleinwort’s acquisition of Close Brothers offshore in May 2011.
DeVere said the new office is an “integral part of its ambitious expansion plans for the North American market”.
Chief executive Nigel Green, said: “We are committed to developing our already established presence in the US and expanding into Canada over the next two years in order to meet the ongoing demand for our financial services from US and Canadian citizens, international investors and expatriates.
“This soaring demand is being fuelled by a growing financial awareness and savviness in America since 2008 – people know more than ever that they need professional advice to maximise and safeguard their wealth – and because an ‘advice gap’ has been created in recent years due to many advisory firms exiting the market. We believe that our American offices have the potential to be the organisation’s most successful.
“Our commitment to helping clients achieve their financial goals wherever they choose to live in the world and to providing regional expertise with a global outlook, is once again evidenced by the launch of this new office.”
There is currently a team of five in the San Francisco office and deVere expects the number of advisers to reach 15 within six months.
