deVere Group acquires Thailand-based Broadgate Advisory
16 September 2013The deVere Group, the global independent financial advisory organisation, has today announced the acquisition of Thailand-based Broadgate Investment Advisory Securities, which is licensed and regulated by the Securities and Exchange Commission of Thailand.
deVere Group’s founder and chief executive, Nigel Green, comments: “We’re thrilled to confirm the acquisition of Broadgate Advisory. We are excited about further developing the brand and enthused about unleashing this firm’s immense potential by sharing the associated benefits of being backed by a robust international organisation with a strong history and even brighter future.”
He continues: “This acquisition will help us meet the consistently increasing demand for our specialist, independent, expert financial advice from expatriates and globally-minded investors who are living and working, or who are retired, in Southeast Asia.
“Moving forward, this region represents a key element of our ambitious corporate growth and consolidation strategy, and the acquisition of Broadgate Advisory is an integral part of this.”
Broadgate Advisory’s President and CEO, John Mills, says: “The alliance with an organisation of the calibre and strength of the deVere Group, one of the world’s largest independent financial advisory firms, will provide enhanced opportunities for Broadgate Advisory to access a great number and a wider-scope of top-level resources.
“We’re delighted to begin the next phase of our journey with deVere and we look forward to work alongside their highly skilled teams to help clients achieve their long term financial objectives.”
Broadgate Advisory will remain independent within the deVere Group, which has more than 70 offices worldwide, some 75,000 clients, and over $9bn under advisement.
The acquisition of Broadgate Advisory follows the deVere Group’s purchase of Acuma, the United Arab Emirates-based advisory firm, in July.