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Pacific Asset Management partners with deVere Group on new funds

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Wealth manager deVere Group says it is going to launch a suite of mutual funds under its newly formed brand, dVAM. Working with Pacific Asset Management, who have built the solutions from an operational, regulatory and technology perspective, the dVAM range of funds represent what deVere is calling “ the next chapter in deVere’s ongoing success story.”

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12 billion under advisement.

deVere Group founder and CEO, Nigel Green, said:

“We’re uniquely positioned in the international space to bring these exciting new propositions to the market due to our scale and resources. Managed by some of the world’s leading investment management firms, the initial offering from dVAM includes a range of active multi asset funds and a global equity income fund. For our clients, we’re confident that dVAM will deliver outcome-orientated solutions, outstanding transparency and, importantly, better value. This is crucial in today’s regulatory environment.”

The dVAM funds will be offered alongside deVere’s existing suite of products from major global financial institutions.

“dVAM will maximise deVere Group’s pricing power for clients, and increase transparency and operational efficiency when working with the global platforms,” said Green.

“It is often said that ‘mutual fund returns far exceed the returns mutual fund investors get.'” says Matthew Lamb, CEO of Pacific Asset Management. “We believe the reason for this is the communication gap between the people giving the advice and the people running the money. With the creation of dVAM it will only help to reduce this gap, which over time should lead to significantly improved outcome for clients.”

DeVere says it will be significantly expanding its range of solutions under the dVAM umbrella over the next 12 months, and will also be rolling out an ambitious horizontal and vertical growth strategy. The strategy, which will include acquisitions and the launch of new and subsidiary brands, is intended to further galvanise its position as the dominant global firm within the international financial advisory industry.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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