Chase de Vere readies discretionary portfolio offering

clock • 2 min read

UK IFA Chase de Vere has announced that is planning to launch a discretionary model portfolio service for the first time. 

The Bath-based UK advisory company said in a statement announcing the move that the groundwork for the launch is already in place as it is currently preparing an application for FCA permissions, with view to a roll out in the first half of 2018.

The company said that it is now actively looking to recruit an experienced investment professional to take up the role of head of portfolio management. This person will be based in its Bath office and will be responsible for running the new service.

The head of portfolio management will be supported by the company’s current research and technical advice services team, which is also based in its Bath office. This team already conducts the fund and investment research for Chase de Vere advisers.

The company currently has over 200 independent financial advisers across the UK and billions of pounds of assets under advice, it said.


Chase de Vere has previously provided only advisory investment services but the new discretionary service will not replace the current advisory service, instead it will provide an alternative option for its clients.

Stephen Kavanagh, chief executive, Chase de Vere, said that the company had not yet finalised the charges for this service although he aid that it will ensure they are “competitive” compared with other discretionary investment services.

“We have seen increasing demand from our clients for a discretionary investment service and more of our competitors are offering them,” said  Kavanagh. “We need to continually adapt and improve our services to meet the demands of our clients and I see this launch as a natural evolution and enhancement of our advice and investment proposition. We will be able to offer our clients a discretionary or advisory investment choice depending on their requirements.”

Author spotlight

Gary Robinson

Commercial Director, Head of Video at International Investment.