Nigel Green, chief executive at the independent advice firm, claimed today that an increased general awareness of financial planning, and a globally-mobile workforce were likely to secure the company’s ambitions.
“Our latest forecast demonstrates that the organisation is expected to secure a 25% growth in business written over the next 12 months,” he said. “Individuals are more aware than ever before of the tangible benefits of independent financial advice in growing, maximising, and safeguarding their wealth.”
He added that a globally-mobile workforce will “look to seek financial advice from an established company specialising in cross-border advice which has a global presence”.
In order to meet its growth predictions, deVere plans to increase its number of advisers by 50%, bringing it to over 1000.
“This strategy will enable us to have the extra wealth consultants, the agility, and the flexibility to meet the growing client demand and to fulfil the company’s potential of becoming the British equivalent of Bank of America Merrill Lynch,” said Green.
He also reiterated the company’s plans to add to its existing 71 offices by expanding further into North America, Australia, Asia, Africa, and Western Europe.
DeVere will also expand its training, graduate, and professional development programmes.
Earlier this month, the company opened its second office in Australia to cater to a “soaring demand” for cross-border advice in the country.
The new office is headed by senior wealth consultants Richard Johnsson and Stuart Holmes, and follows the opening of deVere’s first office in the region in November last year.
To date, deVere has more than $10bn in assets under advice and 80,000 clients in 100 countries.