The company said the decision by the Securities and Exchange Commission “confirms deVere’s place as a fully approved broker on a national level”. The company had previously held two state licences - one for Florida, where it has an office in Miami, and one for New York, where it operates from the Chrysler building.
Nigel Green, founder and chief executive of deVere said: “Today’ announcement is a culmination of two years’ continued success in the United States. We are delighted to confirm that deVere is now fully recognised and regulated at a federal level by the SEC.
“Our determination to secure our Investment Adviser license from the SEC, one of the most rigorous and robust regulatory bodies in the world, underscores our commitment to further enhance our presence in the US market place due to increasing demand from US-based international investors and expatriates for the deVere Group’s sound, truly independent financial advice.”
Green added that receiving the licence meant deVere can now “forge ahead with its Stateside development plans” which form a large part of the company’s growth strategy for the next 12 months.
In a statement, the company said receiving the licence “secures deVere’s status as the world’s most regulated brokerage”.
In March last year, Green discussed his plans for the US with International Adviser’s Helen Burggraf, click here to read the full interview.
Nigel Green was also recently filmed discussing his plans for the company with IA editor Mark Battersby, click here to watch.