Chase de Vere has posted pre-tax profits of £32m for 2024 on the back of new business and recent acquisitions.
The pre-tax profits mark a 24.2% increase from £25.7m in 2023, while revenue rose to £118.6m, a 13.6% increase on the previous year, according to the adviser group’s latest annual report.
In 2024, Chase de Vere acquired the financial planning arm of Lloyd & Whyte Financial Services, and the entire share capital of DL Bloomer and Nancherro, backed by Chase de Vere’s parent company Swiss Life.
Chase de Vere also launched the Focussed Advice Service to provide accessible advice to clients, which has benefited the children and grandchildren of existing clients, members of Chase de Vere’s affinity partnerships and employees of the company’s workplace clients.
The Focussed Advice service also provides a pathway for graduates of Chase de Vere’s Adviser Academy aspiring to become face-to-face financial advisers in the future.
Kathleen Gallagher, chief executive officer, Chase de Vere, said: “It is particularly pleasing to witness a significant increase in the number of referrals from existing clients, the establishment and development of new affinity relationships, and the contributions made by companies we have acquired in recent years and the fantastic colleagues who have joined us as a result.
“Our financial performance and the support of our parent company, Swiss Life, provide an excellent platform for us to continue to pursue our goals. This includes extending our truly independent comprehensive advice and highly personalised service to even more clients, continuing to nurture the next generation of exceptional financial advisers and acquiring more like-minded companies, who are passionate about the value of independent advice.”
