AWD Chase launches practice buy-out scheme

AWD Chase de Vere has launched a practice buy-out option for advisers looking to join the AWD Group and gain rewards on retirement.

The practice buy-out has been launched as part of a series of incentives for high-level business contributions for advisers looking to join the group.

The recruitment drive is expected to attract advisers currently facing difficulties in the market climate or looking to retire in the next five-to-ten years.

Martyn Laverick, marketing director at AWD Chase de Vere, said the group’s offer was unique.

‘We have looked at many of the packages available on the market and most of them promise a great deal but you need to read the small print.

'Our package is highly competitive and straight forward. We do not believe in promising one thing only to take it away later,’ he said.

‘As a national organisation we pride ourselves on being able to deliver the capabilities you would expect from a large business, but at a local personalised level. We are also one of the few firms that can also offer advisers the added convenience of offering their clients access to the advice services online or over the phone,' he added.

The group was blighted with a £1.12 million fine last year for pension mis-selling and earlier this year announced it would be renting out part of its office space in the London Stock Exchange as part of cost-cutting measures. It is part of the European advisory group, AWD Holding AG, which has over 1.8 million advised clients and 6,000 advisers.