Welcome to the deVere Group Community
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deVere Group, one of the world’s leading independent financial advisories, has a truly global presence. With offices in over 100 countries serving 80,000 clients worldwide, we endeavour to offer the very finest financial advice available. By teaming up with some of the world’s largest and most trusted investment firms, deVere Group offers clients honest and secure financial planning. We strive to protect and grow the wealth of all our clients worldwide, resulting in over 10 billion funds under administration. Our impeccable training programme ensures that our global consultants are fully qualified, making deVere Group one of the most regulated IFAs in the world.
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Encouraging people to invest sums of money promising to turn it around in a few hours for 10 times the investment, then demanding a release fee of double initial investment.
User's recommendation: Be cautious.
ID
Location
London, England
New Reviewer
I’m being systematically ignored by my advisor
Despite multiple attempts of contacting my advisor and his exec assistant, Im being ignored. Im not sure where to turn- Ive been trying since September I have no idea what is happening, so Im resorting to this pitiful attempt to get some sort of response from the company that is currently charging me 5pct fees on my invested assets thanks to the structure set up by said advisor - 25k euros in fees and no one can be bothered to even answer Can someone please at least acknowledge my many emails
1 comment
ID
Location
Berlin, Land Berlin
deVere Group - New investor sold incredibly complex and inappropriate 25-year policy
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Marketing fees
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ID
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website.
Verified Reviewer New ReviewerDodgy as *** Don't give them your time or money
Several Dealing Instructions over 18 months and only two signatures, some made from a death bed. Poor records and paperwork. Trying to withdraw funds funds from clients bank account without permission. Incorrect dates on meetings. Mis selling the product. Not giving the client paperwork relevant to his plan. Athetic complaints department. There's more and we'd love to publish them. User's recommendation: Stay away
2 comments
ID
Location
Brisbane, Queensland
Preferred solution
Spanish regulator and police
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website.
Verified Reviewer New ReviewerWolves in sheeps clothing
After being completely misled into transferring my pension to a QROPS with DeVere, i find myself trapped into a pension for another 8 years where i am paying fee's of 4% per year. This is fundamentally and morally wrong and my pension will stagnate at best. DeVere use STM Malta as the pension "trust", but there is a conflict of interest as the owner of DeVere is also the owner of STM. This was never disclosed along with the eyewatering fee's that i am paying when i signed up for the QROPS. Do not use a financial advisor that doesn't have its base in the UK etc. They are based in the ME for a reason and that reason is not for the benefit of the investor. Also, i cannot believe the number of 5* reviews on trust pilot for DeVere's. They are clearly fake as they all follow pretty much the same format....this is laughable. Just look how many 5* reviews there are on May 25th 2021...all praising the same person. This is another example of deveres manipulation, truly pathetic. For anyone who wants to see proof of DeVeres CEO Nigel Green discuss ownership of STM, please search Nigel Green interview with Martin Stanford on YouTube where a conflict of interests are discussed. Deveres, in respect to complaints I did make a complaint directly to James Green when it became apparent what a scam my pension policy was. I had emailed him prior to signing the agreement asking for a clear understanding of the policy fees, his response failed to mention most of the fees involved. The emails quite clearly show deliberate deception and I can forward them to you if you wish. If the fees were fully disclosed nobody would agree to these policies. The majority of my pension is in a fixed bond of 7% and with 4% fees and 3% inflation the policy can only stagnate. Why would your financial advisor recommend this to a client? Its certainly not for the clients benefit is it? Seriously deveres, why are you selling pension products with such high fee's and long lock-in clauses? in total my lock in clause will last 14 years, unless i want to pay my way out. STM/Providence life want 10% of my policy value to leave and this is after being with them over 5 years. Please feel free to enlighten me why, if deveres are such a legitimate financial advisor why would you lead your clients into such a huge trap? Oh....i just found out that Deveres are paid 7% commission on QROPs transfers, that would be why. That would be 7% of the fund that unsuspecting clients convert to QROPs. I think anybody reading this can see you are nothing but cowboys, based in the UAE to avoid laws that expose companies like yourselves. User's recommendation: Avoid like the plague
11 comments
ID
Cons
- Losing pension money to an inappropriate product
- High costs
- Product sold was a scam
Preferred solution
Let the company propose a solution
DeVere Group Zimbabwe should be ashamed of themselves. Con artists who broker products and manipulate the client for their self gain. Their end game is bases on commission's
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Resolved
deVere Group - Attempting to Withdraw Funds - Resolved
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The worst investment decision of my life.
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Total of loss of investment
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DeVere sold me a 'stable' pension in defunct Strategic Growth Fund
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Total scam
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Frustrated with process of getting paid surrender value of my policy!
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Financial Advisor
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5 Years I lost money and the investment companies made £6250.
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