The firm, which is part of the worldwide deVere Group, attributed the growth to factors such as growing demand from clients, an increase in its offerings, and the UK’s healthy economy.
“There is a range of interconnecting factors behind the 51% increase in deVere United Kingdom’s year-to-date revenue. However, primarily, it is due to increasing client demand,” said Mike Coady, managing director of deVere United Kingdom on Wednesday.
“In general, people are becoming ever more aware of the need for sound, tailor-made, independent financial advice in order to reach their long-term financial objectives.
“Demand has also spiked because deVere are the worldwide market leaders in expat wealth solutions and we’ve experienced an upward trend of British expats and foreign nationals returning to the UK, even if it’s just for a few years, possibly due to Britain’s buoyant economy,” he said.
“Other major reasons that revenue has increased are that we are becoming more efficient, and focusing on and committing considerable extra resources to deVere’s UK operations.”
The company said its standalone brand, deVere Mortgages, had seen mortgage applications increase by 43% between June and July, compared to the previous month, with the vast majority of new enquiries coming from overseas buyers.
Coady said plans were in place to continue to further increase the growth in the UK market in the latter half of 2015.
“This is in no small part because we are wholly committed to using our resources to further add value and to upskill in order to meet evolving client expectations and the demands of advancing legislative and regulatory environments,” he said.
