The company, which claims to be the largest advisory firm in the world, said gross turnover was £26m, up 21% from the £21.5m gross turnover last year.
Group founder and chief executive Nigel Green said: “The results show how we continue to meet the needs of our clients by offering them world-class, results-driven financial advice and products, and how demand is consistently growing.”
Green added the results are “evidence of how the strategic consolidation of our operations in Western Europe and Africa, which has seen some of the smaller offices in these regions being incorporated into the regional main hubs, is producing a positive outcome for the organisation’s bottom line”.
The “strategic consolidation” Green refers to was announced earlier this month after the company ceased to be regulated by the Belgium regulator, the Financial Services and Markets Authority (FSMA).
At the time, Green suggested the company had voluntarily ceased to be regulated by the FSMA. He told International Adviser: “The facts are that due to the taxation policies in Belgium, and to a lesser degree in Portugal, it was becoming prohibitive to continue to run on-the-ground operations in those countries.”
Green went on to point out that its decision is similar to that made by “several major life companies” who are also currently consolidating and that it would “rather invest our resources into deVere United Kingdom, which is set to play a greater role within our global operations”.
