The deVere Group has announced it is opening new UK offices and recruiting 50 financial advisers as it looks to establish a national footprint.
Its UK arm, deVere United Kingdom, is relocating from its current base in Holborn to the City before opening offices in the north of England in Q3 and setting up a new operation in the early part of next year.
The expansion plans, which include the recruitment of 50 financial advisers over the next 12 to 18 months, are part of an effort to establish a national IFA presence in the UK.
In addition, the firm is planning to launch a telephone-based financial advisory service in Q4 which it said will provide "simplified, streamlined and efficient financial advice" for busy professionals.
"Having operated in the UK for more than four years, we are now perfectly placed to embrace this expansion which is founded on a robust model of strategic corporate growth," said deVere Group director Mike Coady.
The company added the UK expansion is the latest phase of a global growth plan which will see it operate from more than 100 offices worldwide within the next five years.
deVere Group managing partner in the UK Kevin White said its business in Britain is up more than 115% on last year - largely due to the "increasing productivity" of advisers.
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