The deVere Group is continuing its push into less-well-known overseas markets, with plans to open an office in the North Malaysian state known as Penang, for which it has obtained a licence from the Labuan Offshore Financial Services Authority.
The deVere Group has opened its first office in Italy, in Milan, bringing its total number of offices in Europe to 21.
The deVere Group is looking to open a regional office in the Cayman Islands, and is sending its frontman, Simon Pratt, to oversee the launch.
A raft of new taxes affecting expatriate Britons, Canadians, Americans and others living in Italy is forcing many to seek help from advisers and tax specialists there, as they struggle to comply, advisers catering for expats in that market say.
The deVere Group has named a Guernsey wealth management expert, Adrian Flambard, to head up its New York City office, which the company says it sees as its base for a major push into the US market.
Individuals should take greater personal responsibility for their own finances, according to Nigel Green, chief executive of international intermediary firm deVere Group.
The deVere Group, which calls itself the worlds largest independent international financial consultancy, said it is looking to recruit an additional 50 UK-based financial advisers over the next 12 to 18 months, as it expands its UK presence.
DeVere chief executive Nigel Green talks to International Adviser’s Helen Burggraf about the seemingly exponential rise of his company and his evolving plans for its future.
The deVere Group has agreed a strategic alliance with Dubai-based ECS Insurance Brokers LLC that it says will lead to a full ownership by deVere, according to a statement issued yesterday by the global financial advisory firm.
As part of what it says is to be an ambitious expansion into the US market, the deVere Group this month will open an office in the landmark Chrysler building in New York City, as well as imminently in downtown Houston, Texas.
DeVere Group, which claims to be the worlds largest advisory firm, plans to open its first office in Sweden, in the second quarter of this year.
The deVere Group, the Zurich-headquartered, internationally-focused advisory group which claims to be the world’s largest, said it has handled more than a third of the assets transferred out of the UK and into qualifying recognised overseas pension schemes since QROPS were created in 2006.
