Called deVere Investment, the app is offered by a company bearing the same name based out of Mauritius, where deVere Group set up an investment bank earlier this year.
Through their respective devices, clients can use the app to “purchase structured notes with no minimum investment and low custodian costs of just 20bps”, said group founder and chief executive Nigel Green.
The app is described as “low cost” but no details were provided in the company’s statement beyond the charges associated with buying structured notes.
Green said: “It is helping to advance the financial services sector past the limited scope of what traditional firms and banks are offering their clients, especially in terms of customer experience and accessibility.
“In today’s world, clients demand personal instant access anywhere and at any time, and this app, which is a specialist vehicle that allows clients to track their portfolios on the go, offers just that.”
Fintech push
The group has plans to roll out additional fintech solutions over the next few months.
Green sold his stake in specialist Qrops provider STM in July 2017 to free up resources to allow him to more fully develop and expand deVere’s fintech business.
In April, the group launched a global e-money app called deVere Vault, aimed at internationally mobile individuals and expats that allows users to withdraw money from any cash machine worldwide.
