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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 surroundings.
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 line with annual accounts.
Property below affect fell in the course of the 12 months by £1bn to £10.2bn in opposition to a backdrop of adverse markets though the agency says general property below affect stay secure.
The corporate, which didn’t purchase any companies in 2022, says it’s now “actively” searching for acquisitions this 12 months.
Chase, a part of the Swiss Life group, stated it had targeted on supporting purchasers and workers by current troublesome financial instances.
For purchasers, it has aimed to supply proactive monetary recommendation with extra ongoing shopper contact all year long. The corporate additionally invested in its Funding Administration staff, rising its dimension and increasing the analysis functionality.
For workers, the corporate has launched further skilled growth assist, together with the institution of adviser and Paraplanner academies and a administration growth programme.
It has additionally revised worker remuneration with a selected deal with supporting decrease paid workers.
The corporate stated that shopper numbers have elevated by 5% primarily as a result 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 stated: “This was a really difficult 12 months for many individuals and I’m extremely pleased with how everyone at Chase de Vere got here collectively consistent with our ‘OneTeam’ philosophy to assist one another and to deal with offering the very best ranges of service for our purchasers.
“This has been vastly appreciated by our purchasers, as mirrored in our Internet 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 ranking 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 hitch forces with like-minded companies which imagine within the worth of impartial monetary recommendation and whose overriding consideration is the very 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 workplaces throughout the UK. The Firm offers impartial monetary recommendation and planning companies for personal people and companies.
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