Expat financial advice specialist deVere Group has made a new acquisition through its UK subsidiary.

UK Workplace Solutions Limited (UK WPS), has received an approval notice from the FCA, allowing it to finalise the acquisition of WPS Advisory Limited (WPSA), formerly trading as Priscum Direct.  

Nigel Green, deVere Group founder and chief executive, said the firm was “understandably thrilled” with the new acquisition.

Mr Green added: “This latest group acquisition underscores deVere Group’s ongoing commitment to the UK and to investing in financial services firms that truly reflect a changing market, regulatory and legislative landscapes in Britain.

“I personally look forward to helping this forward-thinking, and game-changing company become successful in reaching even more people who are facing tough retirement choices.”

Simon Chrystal, managing director of Workplace Solutions, said: “Receiving the approval notice was the final piece in a jigsaw which will allow us to enhance our position, with WPS Advisory Limited becoming our single brand, as a leading provider of access to high quality, affordable, financial advice – primarily via the workplace.” 

Workplace Solutions was founded, with investment from deVere Group, in January 2015.