International financial advisory group deVere is to launch a suite of mutual funds under its newly-formed brand dVAM.

The company is working with Pacific Asset Management and says the dVAM range of funds represent the “next chapter” in its story.

The initial range of funds from dVAM includes active multi asset funds and a global equity income fund.

deVere plans to expanding its range of funds and solutions under the dVAM umbrella over the next 12 months.  

The company says its strategy will include acquisitions and the launch of “new and subsidiary brands.”

deVere Group founder and chief executive Nigel Green said: “We’re confident that dVAM will deliver outcome-orientated solutions, outstanding transparency and, importantly, better value.” 

The dVAM funds will be offered alongside the firm’s existing products.

Mr Green added: “dVAM is thrilled to be working alongside Pacific Asset Management, who have a strong track record of working with sub-investment managers. They also have cutting-edge technology infrastructure, unique experience in building asset managers, and an enviable reputation for client service.”

Matthew Lamb, chief executive of Pacific Asset Management, says: “We’re delighted to be working with deVere, a true, international market leader in providing high quality financial advice and planning services.”