dVAM, the asset management arm of financial advisory deVere Group, has announced it is to launch a suite of mutual funds, including multi-asset and global equity income products.
The group has worked with Pacific Asset Management to identify sub-managers from a range of investment managers, who will conduct the actual management of the strategies.
Nigel Green, deVere Group founder and CEO, said: “We’re uniquely positioned in the international space to bring these exciting new propositions to the market due to our scale and resources. 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.”
“We believe the dVAM funds, which will be offered alongside our existing suite of products from major global financial institutions, will help our clients secure the optimal opportunities necessary to achieve their medium to long-term goals.”
Green confirmed that the range of funds will grow over time: “Not only will we be significantly expanding our range of solutions under the dVAM umbrella over the next 12 months, we will also be rolling out an ambitious horizontal and vertical growth strategy.”
Matthew Lamb, CEO of Pacific Asset Management, said: “It is often said that ‘mutual fund returns far exceed the returns mutual fund investors get.’ 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.”