DeVere announces global insurance partnership

DeVere announces global insurance partnership

Financial consultants deVere Group has teamed up with Howden Insurance Brokers to give high-net-worth clients more choice on how to best manage and mitigate risk, deVere’s Western Europe director Mike Coady has said.

He said: “Our clients around the world fully appreciate that one of the cornerstones of financial planning is protection of assets.”

Mr Coady said that deVere’s 80,000 clients would benefit from specialist insurances while the partnership would give Howden an additional platform on which to offer its insurances.

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He said: “In recent times, we have seen growing demand from our high-net-worth clients for the kind of insurances Howden offer, including fine art, jewellery, motor, yacht, private aircraft, overseas property and land, and employee benefits.”

The financial consultancy, which provides advice to expatriate clients and investors around the globe, currently has more than $10bn under advice and management.

Simon Aitken, managing director of Howden’s Private Client division, said: “Bringing together the pre-eminent independents within their respective arenas, our product offering, innovation, and a service ethos that respects individual needs, will compliment deVere’s existing product range.”

Adviser View

Sanjay Badhan, financial adviser at Swindon-based True Potential Wealth Management, said: “Collaborations and synegies with partners are positive and are encouraged as long as there is value for money for the end clients. This is of course paramount. With regards to specific brokers their products should be competitive and cost effective.”