deVere Group has launched a new contactless advice service with immediate effect, offering free financial advice to anyone in the world remotely.

The advisory organisation, which operates in more than 100 countries worldwide, made the announcement after suggesting social distancing is “universally embraced” as the best tool to fight the coronavirus outbreak.

deVere Group chief executive and founder, Nigel Green, suggested that investors should be revising their portfolios to ensure they mitigate risk and take advantage of any opportunities – and added the group was launching the service “for four clear reasons”.

“First, social distancing is currently the only tool available to fight the spread of the coronavirus,” Green commented. “As such, more and more cities, regions and countries are going into lockdown and people into enforced or self-imposed isolation to help fight Covid-19. This means that they might not be able to see their financial adviser face-to-face as they do ordinarily.
 
“And second, the economic landscape is shifting. The global economy is facing a short and deep recession. As always, new industries will emerge and, of course, there will be winners and losers in terms of sectors, jobs and wages – and this will naturally directly impact people’s finances. 
 
“Third, we’re moving towards an era of negative interest rates, which will affect people’s investment decisions, amongst other financial matters.
 
“And fourth because the ongoing volatility will present challenges that will need attention, but also major – perhaps once-in-a-generation – buying possibilities and ways to shore-up your retirement income.”

The group revealed that its free contactless advice service will include a wealth scan – which allows users to discuss with a professional adviser their financial objectives – as well as a customised report which advisers will analyse and discuss to outline the recommended next steps, if any are needed. 
 
“Moving forward, using our pioneering app, you'll be able to track your entire portfolio and financial strategy in real time and book an e-meeting with your adviser, should you have any queries,” Green continued.
 
“The world is changing fast and a short coronavirus triggered global recession and the subsequent recovery will have lasting and far-reaching consequences for people’s wealth.”

Share Story: