deVere acquires Elite Investment Group and Precision Group Asia
It’s been an exciting week of acquisitions for deVere Group, with the founder and chief executive, Nigel Green, confirming last week that he has acquired Elite Investment Group based in Shangai, as well as Hong Kong’s Precision Group Asia.
I’m confident that China’s second biggest financial advisory organisation, Elite Investment Group, will further enable us to provide clients with first-rate financial planning and wealth management in this part of the world.
With additional offices in Dubai and the UK, Elite has grown rapidly within the past four years, serving over a thousand clients in three continents. The firm described its main client base as “international executives, financial advisory organisation and small-medium-sized companies.”
Speaking of this acquisition, Nigel Green comments: “Delivering world class financial advice is our passion and we’re very much looking forward to building on Elite’s exceptional reputation in China.”
Precision Group Asia
deVere has also acquired the Hong Kong, IFA arm of Precision Group Asia, but the company, founded in 2002, also has offices in Indonesia and the Philippines.
As well as providing outstanding wealth management services, the wealth manager also acts as a platform for financial advisory firms, working to rigorous standards and quality control procedures. And we’re thrilled to add Precision Group, a highly respected organisation, to our ever-expanding portfolio.
Other deVere acquisitions in 2013
It’s been an extremely busy year for us in terms of acquisitions. In July, deVere’s acquisition of one of the paramount advisory firms in the United Arab Emirates, Acuma, was confirmed.
Similalrly, in September, we obtained Broadgate Investment Advisory Services, the only expatriate financial advisory company that is fully licensed and regulated by the Securities and Exchange Commission of Thailand. This gives us a greater, more comprehensive reach into the lucrative south-east Asia financial advice market.
Both of these new acquisitions are another step forward in deVere’s ongoing corporate growth strategy and global expansion, which allow us to further develop our wide-ranging scope of financial products and services.