As it is a privately owned company, it is not required to produce annual or half yearly results as with publicly traded companies. However, it has released details of some aspects of its business which it said show its strategy to increase the number of its branches “had paid off with very successful results”.
Specifically, deVere said its total new business sales were up 15% in the first half of this year, new business on its fund platform had increased 21% in the second quarter and the number of QROPS cases advised on by its staff had increased by 26%. deVere did not provide the actual figures behind the percentage increases for the period.
The company said it now employs 1,030 staff worldwide and plans to continue increasing its workforce, as part of plans to have 100 offices within the next four years. The company currently has 69 offices, having opened 13 this year.
