deVere Announces Acquisition of Elite Investment Group and Precision Group Asia

November 11, 2013

On November 8, 2013, deVere Group announced that it had acquired Elite Investment Group, China’s second-largest investment advisory group, and Precision Group Asia, a financial planning services company.

On November 8, 2013, deVere Group announced that it had acquired two investment advisors, Elite Investment Group and Precision Group Asia.  Elite is China’s second-largest investment advisory group with approximately 2,000 clients worldwide.  deVere has acquired both companies to strengthen its presence in Asia and to meet growing demand for financial planning services in the region.  The terms of both transactions were not disclosed.

 


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Investment Manager M&A, Transactions