Chase de Vere stories revenue and turnover rise


Nationwide IFA agency Chase de Vere has reported optimistic monetary outcomes for the 12 months ending December 2022 with turnover and revenue up regardless of a difficult financial setting.

The corporate’s pre-tax revenue rose to £24.7m in 2022 (2021: £21.9m) with turnover up from £102.46m to £107.09m in 2022, in accordance with annual accounts.

Belongings below affect fell through the 12 months by £1bn to £10.2bn in opposition to a backdrop of adverse markets though the agency says total property below affect stay steady.

The corporate, which didn’t purchase any companies in 2022, says it’s now “actively” on the lookout for acquisitions this 12 months.

Chase, a part of the Swiss Life group, mentioned it had targeted on supporting purchasers and staff by way of latest tough financial occasions.

For purchasers, it has aimed to offer proactive monetary recommendation with extra ongoing consumer contact all year long. The corporate additionally invested in its Funding Administration workforce, growing its dimension and increasing the analysis functionality.


For workers, the corporate has launched extra skilled improvement assist, together with the institution of adviser and Paraplanner academies and a administration improvement programme.

It has additionally revised worker remuneration with a selected give attention to supporting decrease paid staff.

The corporate mentioned that consumer numbers have elevated by 5% primarily as a consequence of referrals from current purchasers, the continued progress of medical and different affinity relationships, and the contribution from the acquisitions that the corporate has made lately.

Acquisitions lately have included: Medical Cash Administration in 2017, Ferguson Oliver in 2019, Nestor Monetary Group in 2020 and Principal & Prosper Restricted and Cameron Chase in 2021.

Chase de Vere CEO Kathleen Gallagher mentioned: “This was a really difficult 12 months for many individuals and I’m extremely happy with how all people at Chase de Vere got here collectively according to our ‘OneTeam’ philosophy to assist one another and to give attention to offering one of the best ranges of service for our purchasers.

“This has been massively appreciated by our purchasers, as mirrored in our Web Promoter Rating of 65.9 in 2022 (which has since elevated to 67.5), achieved because it has been over a interval when inflation has soared, and funding markets have been disappointing. This suggestions from our purchasers is additional endorsed by our ‘Glorious’ Trustpilot score of 4.9.

“I’m additionally actually happy with how nicely the businesses that we’ve acquired beforehand have built-in into Chase de Vere and made such a optimistic contribution. We didn’t make any acquisitions in 2022. We are going to solely look to affix forces with like-minded corporations which imagine within the worth of impartial monetary recommendation and whose overriding consideration is one of the best pursuits of their purchasers. We’re actively trying to make additional acquisitions in 2023.”

Chase de Vere was established in 1969 and is a nationwide agency of impartial monetary advisers with 17 places of work throughout the UK. The Firm gives impartial monetary recommendation and planning providers for personal people and companies.


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