Chase de Vere delivers strong performance, with increased client satisfaction

Chase de Vere, the national firm of Independent Financial Advisers, has produced its Annual Report & Financial Statements for the year ending 31 December 2023, and these have been forwarded to Companies House for publication.

The Company has continued to deliver a strong performance and secure exceptional feedback from its clients. This has been achieved by focusing on providing a proactive and attentive independent financial advice service and giving reassurance to clients with high levels of ongoing contact. This has been particularly welcomed throughout the backdrop of uncertainty caused by the global energy crisis, high inflation and rising interest rates.

The Company reported profit before tax of £25.4 million in 2023, which compares with a profit before tax of £24.7 million in 2022. The Company’s Net Promoter Score was 68.4, for the 12-month period ending 31 December 2023, an increase from 65.9, while their “Excellent” Trustpilot score of 4.9 out of 5 was retained.

 
 

In 2023, Chase de Vere acquired the financial planning businesses Mackay Hall Wealth Ltd and GRC Financial Management Limited, which directly increased the Company’s assets under management by over £200 million. The company also opened a new Edinburgh office.

Kathleen Gallagher, Chief Executive Officer, Chase de Vere, said: “In light of the continuing geopolitical and economic volatility that categorised much of 2023, our clients relied on us more than ever for sound advice and reassurance, and to help their families through the challenges they faced. I’m very proud of the skill, care and dedication demonstrated by our advisers and all our colleagues in meeting this challenge, as reflected in our client satisfaction results and the wonderful feedback our clients have kindly given us.

I have also been delighted to welcome some really talented, and equally dedicated, new colleagues from the businesses that we acquired in 2023. We expect to make further acquisitions this year although, as with our current approach, will only join forces with like-minded firms which are passionate about providing high quality independent financial advice and whose overriding consideration is the best interests of their clients.”

 
 

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