The Portugal arm of deVere Group, deVere Portugal, already a major player with a full license from the ASF, the national regulator, is scaling up its presence to meet the needs of a growing client base.

“We’re in a dynamic phase of growth,” says Jake McLaughlin, Executive Director of deVere Portugal.

“Over the past 12 months, we’ve more than doubled our number of advisors and expanded our business development associates by around 50%. This reflects the increasing appetite for professional financial guidance in Portugal and across Europe.”

deVere’s hub office in Porto currently supports a team of more than 30 professionals.

However, plans are well underway to extend operations in Lisbon, where the company has established a satellite office.

“Our goal is to open a full office in Lisbon within the next three years,” McLaughlin notes.

“This expansion aligns with our broader vision of having three strategic offices in Portugal that will serve as hubs for deVere’s business across mainland Europe.”

This enhanced infrastructure ensures that advisors can focus on delivering comprehensive services, from UK pension advice and lump sum investing to repatriation planning and insurance solutions.

Portugal has become an increasingly popular destination for expatriates, attracted by the country’s lifestyle, tax incentives, and favourable climate.

While some programs, such as the Golden Visa, are undergoing changes, they remain appealing to high-net-worth individuals.

According to government data, the number of foreign residents in Portugal rose by 33% last year, reaching a record 1 million.

“This influx of expatriates has created a surge in demand for cross-border financial advice,” McLaughlin explains.

“We’re uniquely positioned to fill this gap. Being one of the only international advisory firms fully licensed by the Portuguese regulator sets us apart. Most of our competitors operate under licenses from Cyprus or Gibraltar, but we’ve committed to a local presence and compliance with domestic regulations.”

The firm’s ability to operate across mainland Europe, and soon in Ireland, from its Portuguese base further underscores its strategic importance.

“We’re not just serving clients in Portugal,” McLaughlin adds. “Our reach extends to Spain, France, Italy, Switzerland, and beyond. This pan-European approach allows us to deliver consistent, high-quality advice to clients wherever they are.”

Looking ahead, deVere is optimistic about the continued growth of its Portuguese operations.

“Portugal is a vibrant and promising market,” McLaughlin affirms.

“As more people discover the benefits of living and investing here, the need for experienced, cross-border financial advice will only increase. We’re ready to meet that demand with a strong, expanding presence and a commitment to excellence.”

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You can contact Jake with any questions here: jake.mclaughlin@devere-portugal.pt or the deVere Portugal Office + 351 22 110 9071 or book a meeting with him here https://calendly.com/jake-mclaughlin/review

by David Hadley