National IFA firm Chase de Vere is on the hunt for further acquisitions as former acquisitions helped push the firm to its best ever operating profit in 2021.

Operating profit for 2021 was £23.59m (2020: £13.55m) according to its financial results published today.

Company turnover increased to £102.46m (2020: £76.03m), another best ever figure.

Chase de Vere said the growth in profit and turnover was driven by the acquisitions it has made in recent years including Medical Money Management (2017), Ferguson Oliver (2019), Nestor Financial Group (2020), Principal & Prosper Limited (2021) and Cameron Chase (2021).

The IFA said the majority of its staff are now under hybrid working arrangements, following remote working during the Coronavirus pandemic.

Kathleen Gallagher, CEO at Chase de Vere, said the firm is currently hunting for further acquisitions.

She said: “An important factor in our performance was the contribution made by the firms we acquired in 2021 and in previous years. These acquisitions have enabled us to welcome fantastic advisers into our company, who really value being able to continue to offer truly independent financial advice to their clients.

“We are actively looking to make further acquisitions of companies who are as passionate about independent financial advice as we are. This, alongside having a strong and supportive parent company and remaining committed to providing high quality advice and service for our clients, will help us to achieve our future growth plans.”

The IFA received a Net Promoter Score of 72.3 in the 12-month period to 31 December, in comparison to 60.6 in 202 and 57.8 in 2019.

Chase de Vere is the UK Financial Planning arm of the Chase de Vere group and has £11.2bn in assets under influence for private individuals and businesses.

It has offices in Angus, Basingstoke, Bath, Birmingham, Bury, Cambridge, Cardiff, Chester, Exeter, Glasgow, Leeds, Liverpool, London, Manchester, Preston, Sheffield and Tyne & Wear.