The distribution deal follows the purchase of Dubai-based wealth manager Acuma by deVere from IP Global last month, although deVere chief executive Nigel Green denied there was any direct link between the two transactions.
Green did however concede the “pioneering alliance is a result of the Acuma acquisition discussions.”
IP Global claimed the agreement is a “first” in the financial consultancy sector and comes at a time of growing interest in real estate investment.
“This will complement deVere Group’s existing investment offering and open up this high potential investment sector to its clients,” said IP Global chief executive Tim Murphy.
Established in 2005, IP Global claims to support the needs of IFAs’ wealth management clients by offering property as a key asset class and managing the end-to-end investment processes. Since its formation in 2005 it has held over $1bn of client investments in 19 markets with over £100m invested in London this year alone.
DeVere claims to be the world’s largest independent financial consultancy, with 70 offices around the world and $9bn of funds under management.
Green added: “This landmark partnership with IP Global, a leading specialist property investment organisation, will allow us to meet the growing interest from our international investor clients who are seeking real estate investment opportunities.”
