Western Daily Press

Financial services firm links up with multinatio­nal


BATH-BASED financial services company Fidelius Group has confirmed the completion of a strategic partnershi­p with the UK arm of multinatio­nal firm deVere Group.

The deal will see the new business – branded Fidelius deVere – providing advice and solutions to deVere UK’s returning expat clients.

The agreement will bring assets under management of £280m to independen­t chartered financial planning firm Fidelius, taking assets under its advice to around £1.7bn.

It will also bring a mortgage business which Fidelius said it would look to “develop substantia­lly” over the coming years.

As part of the deal, 28 staff will join Fidelius from deVere’s Mansfield office, which will become part of Fidelius Group, adding to its existing bases in Bath, Cheltenham, Chelmsford, Bridgewate­r and London.

The company said the addition of the office in Mansfield would allow it to offer additional support to a financial planning business it runs in partnershi­p with accountanc­y firm Azets, in particular in the Midlands. Fidelius supports 64 of Azets’ UKwide offices.

Fidelius Group chief executive Jim Grant said: “We are very pleased to welcome the deVere staff to Fidelius and we look forward to working closely with them to build on the great work that deVere have done in looking after the needs of their returning expat clients. Fidelius has a long-standing relationsh­ip with deVere and this arrangemen­t was a natural fit for our businesses.

“We are continuall­y looking at new opportunit­ies for growth, including acquisitio­n, high level recruitmen­ts, establishi­ng profession­al service JVs and opportunit­ies to add significan­t expertise and value to the company.”

In a statement on its website deVere UK said that Fidelius was a “highly respected organisati­on’’ and “a long-time trusted partner” of the deVere Group.

The statement read: “We are 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 and will better position our organisati­on to push ahead in our key areas of growth and developmen­t.”

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 ??  ?? Fidelius Group CEO Jim Grant
Fidelius Group CEO Jim Grant

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