Chase de Vere, the national firm of Independent Financial Advisers, has announced its best-ever performance in its Annual Report & Financial Statements for the year ending 31 December 2018.
The Company reported a profit of £10.62 million before tax in 2018 (£5.68 million in 2017), its fifth consecutive year of profitability. This is the first year in which profits have exceeded £10 million.
Company turnover increased from £57.38 million to £68.49 million and average fee income per adviser rose from £286,000 to £296,000.
Stephen Kavanagh, Chief Executive (pictured), said:
“2018 was a fantastic year for us as our profits smashed through £10 million for the first time ever. This was achieved because of a number of reasons, including 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.
“We are absolutely wedded to independence. This approach resonates with professional bodies as we continue to build relationships with affinity partners, the latest being the Faculty of Medical Leadership and Management, who want their members to have access to top quality independent financial advice.
“In an environment where most other larger advice firms have chosen to give restricted advice, we remain committed to providing independent financial advice and putting our clients’ interests at the forefront of everything we do.”