Financial advisory firm DeVere Group has joined forces with a UK-based asset manager to launch a range of mutual funds under its newly formed brand, DVAM.
DVAM will be working with Pacific Asset Management to offer a range of active multi-asset funds and a global equity income fund.
The Ucits funds are domiciled in Ireland and will be registered for sale across Europe. The firm is looking to register the funds for sale in non-European jurisdictions where they recognise Ucits vehicles.
DeVere Group founder and chief executive Nigel Green said: “We’re uniquely positioned in the international space to bring these exciting new propositions to the market due to our scale and resources.
“For our clients, we’re confident that DVAM will deliver outcome-orientated solutions, outstanding transparency and, importantly, better value. This is crucial in today’s regulatory environment.
“We believe the DVAM funds, which will be offered alongside our existing suite of products from major global financial institutions, will help our clients secure the optimal opportunities necessary to achieve their medium to long-term goals.”
Reducing the gap
Matthew Lamb, chief executive of Pacific Asset Management, added: “It is often said that ‘mutual fund returns far exceed the returns mutual fund investors get’.
“We believe the reason for this is the communication gap between the people giving the advice and the people running the money.
“With the creation of DVAM it will only help to reduce this gap, which over time should lead to significantly improved outcome for clients.”
Growth
DeVere also said that this product launch is part of its ongoing growth plan, as it looks to expand its business globally.
Green added: “Not only will we be significantly expanding our range of solutions under the DVAM umbrella over the next 12 months, we will also be rolling out an ambitious horizontal and vertical growth strategy.
“The strategy, which will include acquisitions and the launch of new and subsidiary brands, will further galvanise our position as the dominant global firm within the international financial advisory industry.”
