Independent financial organization deVere Group announced it has been awarded the Family Office Licence by the Financial Services Commission (FSC) of Mauritius.
A family office handles investment and wealth management and legal matters for a wealthy family, generally one with more than $75 million in investable assets, with the objective being to effectively grow and transfer wealth across generations.
The newly secured Family Office Licence allows deVere to cater to the most complex financial needs of ultra-high-net-worth individuals (UHNWIs) and families, setting it apart from competitors.
With this licence, deVere is now able to provide bespoke Family Office services, supporting families in preserving and growing their wealth across generations, through a dedicated and structured approach, the company said.
“We are incredibly proud to have been granted the Family Office Licence – one of the very few global financial firms to have achieved this,” comments Nigel Green, CEO of deVere Group.
“This new licence allows us to offer an unparalleled proposition for our elite clients, giving them access to an exclusive suite of wealth preservation, investment management, and intergenerational planning services.”
“Family is at the heart of deVere’s story. We understand that family governance, succession planning, and the broader social and environmental responsibilities of families are not just business concerns, they are personal,” he said.
According to a company release, clients will now benefit from tailored governance strategies, consolidated oversight of family investments, and the ability to establish clear communication and education platforms to ensure family values are transferred across generations. deVere’s extensive network of experts and advisors will support families in creating a comprehensive roadmap for their financial future, enabling them to cut through complexity and focus on their long-term objectives, it said.
This new licence builds on deVere’s renowned expertise and extensive resource base, cementing its commitment to staying ahead of the curve in financial innovation.
“The Family Office offering includes access to world-class partners through deVere’s network of dedicated providers and the opportunity for clients to exchange thought leadership with peer families and industry leaders,” affirms the deVere Group CEO.
As deVere expands its reach and deepens its service offerings, this new capability will provide clients with an extra level of expertise and attention to their financial and personal needs, the company said.
Also published on Medium.
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