DeVere Group said today (17 October) it has been granted a family office licence by the Financial Services Commission (FSC) of Mauritius.
In a statement, the global financial advisory business said the licence would "allow deVere to cater to the most complex financial needs of ultra-high-net-worth individuals (UHNWIs) and families".
De Vere said it defined a family office as handling investment and wealth management and legal matters for a wealthy family, generally one with more than $75m in investable assets, with the objective being to effectively grow and transfer wealth across generations.
This adds to its suite of offerings including financial advisory, asset management, private banking, foreign exchange, and tax consultancy services.
Nigel Green (pictured), CEO of deVere Group 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.
“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.”
He continued: “We understand that family governance, succession planning, and the broader social and environmental responsibilities of families are not just business concerns, they are personal.
“Our Family Office service is designed to be an extension of that legacy, allowing families to preserve their wealth while creating a meaningful impact for generations to come.”
With deVere’s Family Office, clients will 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.
Green further said: “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.
“This licence is more than just another feather in our cap; it’s a testament to the quality and dedication of our team. It demonstrates our commitment to providing the most comprehensive and forward-thinking solutions in wealth management in the world today.”
Green concluded: “We are incredibly excited about what this means for our clients and the future of deVere Group.
“This licence enables us to offer a more personalized and holistic approach to wealth management and legal affairs, ensuring our clients’ legacies are secured and thrive for generations to come.”
