Nationwide IFA Chase de Vere has reported a £700,000 rise in pre-tax income thanks partially to the acquisition of two Monetary Planning companies in 2023.
The corporate reported pre-tax revenue of £25.4m in 2023, up from £24.7m in 2022, in keeping with its Annual Report and Monetary Statements for the yr ending December 2023.
In 2023, Chase de Vere acquired Monetary Planning companies Mackay Corridor Wealth Ltd and GRC Monetary Administration Restricted, which it mentioned elevated the corporate’s property below administration by over £200m.
It is usually looking for additional appropriate acquisitions, it mentioned.
Throughout the yr Chase additionally opened a brand new Edinburgh workplace.
CEO Kathleen Gallagher mentioned: “In gentle of the persevering with geopolitical and financial volatility that categorised a lot of 2023, our shoppers relied on us greater than ever for sound recommendation and reassurance, and to assist their households by way of the challenges they confronted.
“I’ve additionally been delighted to welcome some actually gifted, and equally devoted, new colleagues from the companies that we acquired in 2023. We count on to make additional acquisitions this yr though, as with our present strategy, will solely be part of forces with like-minded companies that are captivated with offering prime quality impartial monetary recommendation and whose overriding consideration is the very best pursuits of their shoppers.”
Chase de Vere was established in 1969 and has 18 places of work throughout the UK. The agency supplies impartial monetary recommendation and planning companies for personal people and companies.
The agency is backed financially by European life assurance firm Swiss Life. It has 24,500 shoppers and £9.4bn of property below affect.
