A senior area manager with deVere Spain has unveiled a Europe-wide IFA network called Private Client Consultancy.
Andrew Oliver, who has 25 years’ experience in the international financial space, said: “In a changing business landscape, with shifting client expectations, increasing regulatory and compliance requirements, and rising costs; there’s a growing need for smaller IFAs to join a professional network that can help them manage and reduce the burden.”
Private Client Consultancy will use deVere Spain’s licence and will, initially, operate across Europe.
A DeVere spokesperson confirmed to International Adviser that the network is a separate entity from the global advisory business.
Struggling and disenfranchised
“By joining our network, IFAs can focus on helping their clients achieve great outcomes whilst we manage the necessary paperwork, which will empower them to expand their business as they see fit,” said chief executive Oliver.
“This is a B2B service provider for IFAs that takes care of customer relationship management, products and services through alliances with major financial institutions, compliance, marketing and public relations.
“This is the network for those IFAs and brokers who have become disenfranchised with their network provider or those who want to set up by themselves but are struggling with licence regulatory demands.”
Oliver added: “I believe all stakeholders can benefit from the network: more clients and more smaller IFAs get the protection of being backed by DeVere.”
