DeVere Group appoints Peter Hobbs as chairman
DeVere Group has today named Peter Hobbs, a former director of Generali International and Generali Pan Europe, as its chairman.
DeVere Group has today named Peter Hobbs, a former director of Generali International and Generali Pan Europe, as its chairman.
Independent financial advisory group, deVere United Kingdom, has reported a 51% rise in revenues for the year to 31 July, compared with the same period of 2014.
Independent financial advisory firm deVere Group said it has temporarily suspended an affiliated web site that offered information and advice on UK pension transfers into Qualifying Recognised Overseas Pension Schemes (QROPS)
Independent financial advisory firm deVere Group has launched a standalone tax consultancy division which will specialise in US, UK and international tax compliance and planning.
DeVere’s chief executive has continued the sale of his shares in QROPS provider STM, reducing his stake to just 6.7% from the 24% he purchased in 2012.
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.
The outcome of the UK General Election on 7 May is still not completely clear, but financial advisers are warning that some party policies might impact negatively on their clients, particularly those with ‘non-domicile’ status.
Three out of four home loan enquiries received by deVere Mortgages in the first quarter of 2015 were from overseas buyers, led by those in Russia, Asia, the Middle East, and the US.
International advice firm deVere has announced plans to “aggressively develop” in the UK and capitalise on the area’s improving economy and pension changes.
Financial vehicles such as QROPS are encouraging a rising number of over 50s to seriously consider moving abroad, research by the largest independent financial advisory organisation in the world has revealed.
DeVere has forecast a 25% growth in business and a 50% increase in advisers in the coming year as it looks to become the British equivalent of Bank of America Merrill Lynch.
With HSBC hitting the headlines for all the wrong reasons and bringing offshore banking into sharp focus, deVere’s Nigel Green attempts to redress the balance.