Leicester IFA posts record results

Stephen Kavanagh

Chase de Vere, the independent financial adviser with offices in Leicester, has announced a record performance for the year ending 31 December 2018.

The company reported a profit of £10.6m before tax in 2018 (£5.7m in 2017), its fifth consecutive year of profitability. This is the first year in which profits have exceeded £10m.

Company turnover increased from £57.4m to £68.5m and average fee income per adviser rose from £286,000 to £296,000.

Stephen Kavanagh, chief executive, Chase de Vere, said: “2018 was a fantastic year for Chase de Vere as our profits smashed through £10 million for the first time ever. This was achieved because of a number of reasons, including our successful integration of the business acquired from Medical Money Management, the growing importance of our affinity partnerships and the increasing productivity of our advisers. The most exciting news, as we celebrate our 50th anniversary in 2019, is that our future looks even better.”

Chase de Vere has offices in Basingstoke, Bath, Birmingham, Cambridge, Cardiff, Chester, Exeter, Glasgow, Leeds, Leicester, Liverpool, London, Manchester, Preston, Sheffield and Tyne & Wear

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