Financial advisory firm deVere Group is opening an office in San Francisco as part of “ambitious expansion plans for the North American market,” say company officials.
Adrian Flambard, senior investment advisor for deVere USA, has relocated from deVere Group’s New York City office to head the San Francisco operation on Market Street, officials say.
Flambard, who started his career as a chartered tax advisor with PriceWaterhouseCoopers, oversees pension consultancy services (U.K., U.S. and international including QROPS), full financial planning services and investment advisory services for deVere, officials say.
Nigel Green, the deVere Group founder and CEO, says the firm is “committed to developing our already established presence in the U.S. and expanding into Canada over the next two years in order to meet the ongoing demand for our financial services from U.S. and Canadian citizens, international investors and expatriates,” according to a statement. “We believe that our American offices have the potential to be the organization’s most successful.”
In a prepared statement, Flambard says his move is “a fantastic opportunity to be further involved with a robust global expansion within a dynamic, sophisticated market in which there is an obvious need for our services.”
The deVere Group launched its U.S. hub office in New York in June 2012 and has a presence in Miami’s Brickell financial district, officials say. The firm has 70 offices globally, more than 80,000 clients and $10 billion under advice.
The deVere USA unit already has “a significant number of San Francisco-based clients” consisting of high net worth U.S citizens and “globally-minded investors and expatriates,” says Benjamin Alderson, senior area manager of deVere USA. “San Francisco was a natural choice for the next stage of our North American growth strategy,” Alderson says.
Flambard will manage a team of five in the San Francisco office with the number of advisors expected to be 15 in six months, officials say.
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