Chase de Vere has hit back against The Times, saying claims about its incentive structures that likened it to St James’s Place (SJP) misrepresented the firm.
The Times wrote about Chase de Vere's annual conference, where advisers that generated the most fees for the company are lauded on stage and its top 10 are awarded with a luxury three-night stay in Cannes with their partners. Its top adviser, the newspaper reported, earned £670,000 because they brought in £1.31 million in fees last year. To make it onto the top 10 an adviser needed to have generated £723,000 in fees, earning around £360,000 each. A Chase de Vere adviser also anonymously wrote about the sales driven culture at the firm in The Times at the weekend: "Every business has s...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
