Chase De Vere, the national independent financial adviser, has revealed that it is actively looking to expand the business through acquisition.
Chase De Vere has seventeen offices across the UK – one of the largest IFAs in the country – with almost £10bn assets under influence across 16,000 clients.
While the firm has consistently been focused on external growth, it has been selective, with a small handful of deals over the past few years, such as Medical Money Management back in 2017 and Ferguson Oliver in 2019.
As CEO Kathleen Gallagher explained: “We didn’t make any acquisitions in 2022. We will only look to join forces with like-minded firms which believe in the value of independent financial advice and whose overriding consideration is the best interests of their clients.
“We are actively looking to make further acquisitions in 2023.”
Gallagher’s statement came soon after Chase De Vere’s annual results were posted for the year ending December 2022. The IFA posted positive results, including a £27.3m operating profit – a £0.7m increase from 2021 – and a £5m increase in turnover, bringing its total to £107.1m.
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