IFA group Chase De Vere has said it is proactively seeking M&A opportunities over the next year.
This came during the firm’s annual report for the year ending 31 December 2022.
Kathleen Gallagher, chief executive at Chase de Vere, said: “We didn’t make any acquisitions in 2022. We will only look to join forces with like-minded firms which believe in the value of independent financial advice and whose overriding consideration is the best interests of their clients.
“We are actively looking to make further acquisitions in 2023.”
The IFA company has made a number of deals in recent years, including Medical Money Management in 2017, Ferguson Oliver in 2019, Nestor Financial Group in 2020 and Principal & Prosper Limited and Cameron Chase in 2021.
Results
Within the company’s results, it reported operating profit had increased from £23.6m in 2021 to £27.3m ($34.9m, €32m) in 2022.
Turnover rose to £107.1m from £102.5m a year earlier.
Chase de Vere is an IFA group with 17 offices across the UK and is backed by life assurance company Swiss Life.
The company has offices in Angus, Basingstoke, Bath, Birmingham, Bury, Cambridge, Cardiff, Chester, Exeter, Glasgow, Leeds, Liverpool, London, Manchester, Preston, Sheffield and Tyne & Wear.
