Chase de Vere, the national financial planner, is “actively” seeking to purchase advice firms in order to grow the business.
Chase de Vere currently has nearly £10bn in assets under advice across around 16,000 clients. The firm has over 200 advisers across 17 offices.
Patrick Connolly, communications director at Chase de Vere, said:
“We have taken over a few companies and we’re actively looking for acquisition opportunities in the market. We want the business to grow.
“We’re owned by Swiss Life meaning there’s money there to go through with this if the right firm was there.”
“In general the firm will just need to have the same ethos as us in terms of client relationships and service.
“No firm would be too big or too small really, just needs to be the right fit with a keenness to stay independent.”
Mr Connolly added that Chase de Vere’s main consideration was for an IFA that had a “strong desire and passion” to maintain its independence and offer whole of market advice.
The current trend of many advisers looking to retire along with Mifid II regulations means that many smaller firms are considering selling to larger firms: Chase de Vere’s acquisition hunt confirms this trend.
Gunner & Co. work closely with Chase de Vere on their acquisition strategy, to understand more about their offering contact Joshua.firstname.lastname@example.org.