Independent financial planning firm Fidelius Group had completed its strategic partnership with DeVere UK.
The agreement will see £280m in AUM going to the IFA firm, bringing its total assets under advice to around £1.7bn ($2.4bn, €2bn).
Additionally, 28 members of staff will join the advisory firm from DeVere’s Mansfield office, which will become part of the Fidelius Group.
The “enhanced business” will provide financial advice to expats returning to the UK.
The deal was first announced on 13 April 2021.
Jim Grant, chief executive of Fidelius Group, said: “We are very pleased to welcome the DeVere staff to Fidelius and we look forward to working closely with them to build on the great work that DeVere have done in looking after the needs of their returning expat clients.
“Fidelius has a long-standing relationship with DeVere and this arrangement was a natural fit for our businesses.
“We are continually looking at new opportunities for growth, including acquisition, high level recruitments, establishing professional service JV’s and opportunities to add significant expertise and value to the company.”
