Chase de Vere, the national firm of Independent Financial Advisers, has produced its Annual Report & Financial Statements for the year ending 31 December 2024, and these have been published by Companies House.
Revenue rose to £118.6 million, marking a 13.6% increase from 2023. Profit before tax reached £31.9 million, up 24.2% from £25.7 million the previous year.
The financial performance was driven by increased new business from client referrals and affinity partnerships, and strong contributions from recent and new acquisitions, and was underpinned by exceptional client feedback.
Client satisfaction remained a cornerstone of the company’s success. Chase de Vere achieved a Net Promoter Score (NPS) of 71.1, for the 12-month period ending 31 December 2024, up from 68.4 in 2023, and maintained its “Excellent” Trustpilot rating of 4.9 out of 5.
In 2024, Chase de Vere acquired the business of Lloyd & Whyte (Financial Services) Limited, and the entire share capital of DL Bloomer Limited and Nancherro Limited. These acquisitions were fully supported by Swiss Life Group, Chase de Vere’s parent company, whose backing provides long-term stability and confidence for clients, employees, and sellers.
The Group further enhanced its client proposition by launching a Focussed Advice service. The service provides accessible advice to clients who are establishing the foundations of their financial planning and has benefited the children and grandchildren of existing clients, members of Chase de Vere’s affinity partnerships and employees of the company’s workplace clients.
The Focussed Advice service also provides a further pathway for graduates of Chase de Vere’s Adviser Academy, who wish to become face-to-face financial advisers in the future.
Kathleen Gallagher, Chief Executive Officer, Chase de Vere, said:
“I’m incredibly proud of our achievements in 2024. Our consistently excellent client satisfaction is humbling and reflects our unwavering commitment to helping our clients and their families achieve financial confidence and peace of mind.
It was particularly pleasing to witness a significant increase in the number of referrals from existing clients, the establishment and development of new affinity relationships, and the contributions made by companies we have acquired in recent years and the fantastic colleagues who have joined us as a result.
Our financial performance and the support of our parent company, Swiss Life, provide an excellent platform for us to continue to pursue our goals. This includes extending our truly independent comprehensive advice and highly-personalised service to even more clients, continuing to nurture the next generation of exceptional financial advisers and acquiring more like-minded companies, who are passionate about the value of independent advice.”
