Chase de Vere has revealed a record year of profit while celebrating its new reward scheme to retain its top advisers, but will not reveal the structure of such schemes.
The UK advice giant recorded a profit of £13.08m before tax in 2019 and company turnover of £72.69m, up from £10.62m and £68.48m respectively in 2018. The firm was heavily scrutinised for its elaborate incentive program, allegedly involving overseas trips for its top advisers. The Sunday Times claimed Chase de Vere's top advisers got paid as much as FTSE bosses and its top fee generators can receive about half the fees they draw in from clients. Chase de Vere's 2019 results said its "reward and remuneration packages...
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