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UK developments afoot for de Vere Group

UK developments afoot for de Vere Group

International advisory group deVere is pushing ahead with plans to grow its presence in the UK market.

According to Mike Coady, managing director of deVere UK, the firm was “continuing to increase our growth in the UK market” this year, following a 51 per cent revenue increase in the division over the year to date.

He said these plans included employing more advisers, para-planners and administrative staff to meet existing and forecast demand, investing in enhanced technologies, rolling out a number of efficient distribution channels and launching standalone brands such as deVere Mortgages.

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Mr Coady added that deVere was “wholly committed to using our resources to further add value and upskill in order to meet evolving client expectations and the demands of advancing legislative and regulatory environments”.

The results of deVere’s UK division, released on 26 August, showed a 51 per cent year-to-date revenue increase compared with the same period in 2014, when it was at 33 per cent.

Background

In January 2015, deVere Group unveiled a standalone brand focusing on mortgages after seeing increased demand from ex-patriates.

Mitch Hopkinson, a managing partner of deVere UK, said deVere Mortgages had been set up to meet rising demand from clients who are based overseas.

He said: “Despite recent reports of a cooling UK housing market, deVere has registered a month- on-month rise in mortgage enquiries over the last year.”