Financial advisory firm Devere Group is offering free financial advice to anyone in the world on a remote basis, as it embraces social distancing to fight coronavirus.
The firm, which operates in more than 100 countries worldwide, is launching its contactless advice service with immediate effect.
It will include a wealth scan, where clients and their adviser will discuss financial objectives.
This will allow advisers to discuss the client’s current financial situation and create a customised report which the adviser will analyse and outline the recommended next steps, if any are needed.
Also, using Devere’s app, clients will be able to track their portfolio and financial strategy in real time and book an e-meeting with their adviser.
Four-point plan
Nigel Green, chief executive of the Devere Group, said the firm is launching the service for “four clear reasons”.
Firstly, “social distancing is currently the only tool available to fight the spread of the coronavirus”.
“As such, more and more cities, regions and countries are going into lockdown and people into enforced or self-imposed isolation to help fight covid-19,” Green said.
“This means that they might not be able to see their financial adviser face-to-face as they do ordinarily.”
Another reason was due to a shifting economic landscape, as the “global economy is facing a short and deep recession”.
Green added: “Third, we’re moving towards an era of negative interest rates, which will affect people’s investment decisions, amongst other financial matters.
“And fourth because the ongoing volatility will present challenges that will need attention, but also major – perhaps once-in-a-generation – buying possibilities and ways to shore-up your retirement income.”
