deVere United Kingdom and Fidelius enter strategic partnership

April 13, 2021

deVere United Kingdom, part of one of the world’s largest independent financial advisory and fintech organisations, has underscored its commitment to the UK by entering into a new strategic partnership with Fidelius Group, the independent chartered financial planning firm. 

Under the agreement, an enhanced proposition, branded Fidelius deVere, will reflect the dedicated and bespoke planning solutions required to meet the individual needs of returning expat clients. 

The deVere United Kingdom Mansfield office will remain unchanged, with this addition to the network giving Fidelius a total of six UK offices. These are located in Bath (headquarters), Bridgewater, Cheltenham, Chelmsford, London and Mansfield. 

deVere has an existing, well-established relationship with Fidelius, of which Pacific Asset Management (PAM) is a shareholder. PAM also works alongside dVAM, deVere’s product advisory and consultancy business, on a range of investment solutions. 

CEO of the deVere Group, Nigel Green said: “Given the necessity to meet evolving global regulatory requirements, the Brexit-fuelled changes, and shifting market conditions and client expectations, I’m delighted to confirm our further commitment to the UK through this joint venture with the Fidelius Group.  

“It allows us to strengthen our position as the most regulatory robust international financial advisory organisation in the world.”

He adds: “Our unrivalled experience and understanding of the needs of returning international clients to the UK, alongside the 150 plus individuals and UK centric- infrastructure at Fidelius, gives deVere a truly unique proposition for our global client base.”  

deVere is defined by its passion for the best client outcomes, quality of product, technology and the importance of regulation.   Its global reach and promise of advice for life wherever clients may settle is key to both deVere and its clients’ success.  

“Countries and politicians may be putting up barriers all around the world but deVere are embracing cultures, countries, political and regulatory regimes to deliver clients top quality advice whichever part of the world they choose to call home,” notes Mr Green. 

Of the strategic alliance, deVere Group Chairman Peter Hobbs, comments: “Fidelius is a highly respected, countrywide organisation and is a well-known and trusted partner of deVere Group. 

“We’re confident that their size, scope and infrastructure capabilities will further enhance the service levels and the financial planning propositions for clients who return to the UK from overseas.

“The agreement strengthens the already robust long-term alliance. There’s also a natural cultural synergy that will benefit both our advisers and us an organisation.” 

Duncan McKillop, Head of Commercial at Fidelius Group, says: “We’re thrilled by this partnership with a company that shares our core client-centric values. 

“The agreement will deliver considerable benefits to clients in terms of service and solutions, including financial planning and mortgages, and it will add value for advisers. 

“This is part of a wider ongoing relationship with deVere, which we hope to expand on further by developing propositions for deVere’s returning expat clients.” 

deVere Group, which has $10bn under advisement, specialises in global, cross-border financial solutions to international investors and expatriates around the world. 

As well as the strategic partnership with Fidelius, there are plans to further strengthen the significant presence in the UK through the wholly-owned subsidiary, WPS Advisory Limited, which focuses on retirement planning advice via the workplace.

deVere United Kingdom has applied to surrender its permissions as the venture falls under the regulatory framework of Fidelius. This new venture is due to complete 1 May. 

Mr Hobbs concludes: “The establishment of this unique proposition means that our clients receive continued top levels of service, staff receive enhanced support, and our organisation is even better positioned to push ahead in our key areas of growth and development.”

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