DeVere Group said today (19 February) its assets under management have increased to $14bn, up from $12bn two years ago.
Nigel Green, CEO of deVere Group, attributed the growth to a convergence of factors that are reshaping the global wealth management landscape.
“Clients with international financial interests increasingly require specialist advice that transcends borders, tax jurisdictions, and regulatory frameworks”, he said.
DeVere’s suite of solutions include investment and banking licences, the family office licence and asset management division.
It said the AUM rise reflected a sharp rise in the number of international investors seeking structured wealth management solutions tailored to their complex needs, alongside erosion of passporting rights post-Brexit leaving many UK-based firms unable to serve European clients and driving a significant inflow of business towards deVere.
Green said: “Many firms have had to scale back their services due to regulatory constraints. Meanwhile, deVere has expanded.”
In addition, deVere’s “sustained growth was also being driven by a commitment to innovation and client-centric solutions”.
The firm’s fintech ecosystem includes wealth-tech apps platforms, crypto exchanges, and AI-driven investment management tools.
The tech solutions range from “sophisticated risk-profiling to real-time portfolio management”, he said.
Green further said a “robust and proactive recruitment strategy has enabled the firm to attract elite financial professionals who bring deep expertise and a client-first approach.”
He added: “Our firm is set to unveil further tech solutions, new financial products, and strategic market positions in terms of investment and asset management offerings.”
