The firm will increase adviser numbers, launch more offices, roll-out new technologies, and invest in further distribution channels across Britain throughout the rest of 2015 and beyond.
Additionally, following the launch of deVere Mortgages in January, and its Workplace Solutions division in February, the company said it intends to launch further standalone divisions.
Chief executive, Nigel Green, said the expansion has been driven by the “thriving” UK economy, upcoming pension flexibilities, increasing UK demand, and the advice gap created by legislation following 2008’s Retail Distribution Review.
“We have taken the strategic decision to aggressively develop our already solid position in the UK throughout 2015 and beyond as a major priority,” said Green. “We’re set to go big in Britain, and are further focusing on and committing considerable extra resources to the UK market.”
He said the company intends to “buck the trend” of internationally focused advice firms avoiding the UK due to the costs and difficulties of adapting international business models and practices to the saturated market and heavily regulated environment.
“We see a whole spectrum of commercially attractive opportunities and niche markets in the buoyant UK market and are more than prepared to invest and to explore these to the fullest.
“We intend to capitalise on our extensive global experience and bring the most successful ‘best of breed’ practices from the different international markets in which we operate to the UK.”
