Welcome to Devere Group Community
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.
Latest review first
Devere Group in Moscow, Moscow - DeVere *** artist misleading sales pitch cost me $22,500
DeVere consultant Taner Kaplankerim has sold me a saving plan with Generali, misleading me to believe that I can withdraw all my money if not satisfied with performance after the initial investment period (18 months). In reality, when I performance was miserable and I wanted to withdraw my money, they showed me surrender value of $3.5 K on my investment of $26 K. The rest was consumed by "administrative fee" of 2% per annum, but charged upfront on all the money that I would ever contribute over a 20-year period. They even did not show the breakdown of charges, but the fact is that Generali pays its agents (DeVere) upfront high comissions, and then charges it on the customer.
Devere Group - Scandalous ethics from my boss
I was working for deVere for 6 months in Dubai, bringing in regular business (only I had survived from the 16 on my training course). However, when I went on holiday back home for a week, they cancelled my visa (which I had paid 1000 pounds for out of my own pocket), put a 6 month work ban on me (so I can't work for anybody else in Dubai for 6 months) and my boss spoke to all of my existing clients to try and get them to invest more, basically stealing my business. I was forced to fly back to the UAE to cancel my visa in person, as you're fined ridiculous amounts if you don't cancel it in person. Just some advice - Do NOT come to work for them in the lawless place that is The UAE. You WILL be doing very immoral things to your clients and friends, you WILL end up getting shafted, and you WILL end up out of pocket. Get a proper job, don't do this.
Devere Group in Paris, Ile-De-France - The worst ever
I'm an Italian expat working for a famous oil firm in Paris. I would like to warn anyone thinking to do business with the devere group.I have been called by someone in my office saying that he was meeting lot of people in my company,( i first thought that it was a service offered by my company )and that I could meet an "advisor" ( salesman) for a financial consultancy for me to understand more about tax efficiency...bull *** , they know nothing about taxes here!!Well unfortunately , I agreed for an appointment , I say I unfortunately because it was the worst financial meeting I never had in my life.A British man came over my office and started giving me all the sales script: we are the best, we are the biggest, great service.. All the lot.It was stinking already , the worst was still to come . before starting his questionnaire he started asking me for introductions and saying that it was one of his condition for him to do business..( laugh)... I told him that he contacted and that i never requested his service so I wasn't giving him any names before to know more about his company . I am glad that I didn't introduce my friends to this scam and now I am warning my friends about them. His financial questionnaire was simply ridiculous and for someone that already had financial advisor (a real one) I could tell that the only objective was to take my money .Don't deal with them ... Best report them.
Devere Group - The Truth about DeVere
I recently attended a presentation in the US for the DeVere IFA role and it was as professional as could be and they clearly expressed the knowledge of the sophisticated tax sheltered products they offer. I've been licensed in the securities industry for just over 10 years, first with a major bank that only allowed you to sell their own products, then for independent brokerages and at the end of the being a financial advisor is a SALES JOB! It seems that all of the complaints here are from people who were just looking to collect a paycheck. The saying in this industry at least here in the US is "YOU EAT WHAT YOU KILL" this business isn't for the weak and weary. I was just offered a job by Merrill Lynch they require you to bring in 10 million in investable assets annually or they kick your *** to the curb. You operate in this industry essentially as an independent running your own business (under the flag of a major brand in some cases) and if you don't cut it you fail and find a new career. This is industry isn't for anyone. I find it unfair to any person or organization where people make baseless claims. There's always 2 sides to a story! Now with that being said, what I heard at the presentation I did find interesting. If what these boards are spatting are true how does Devere hold exclusive management agreements with Goldman Sachs, Morgan Stanley, JP Morgan. These are agreements where those firms actually manage the assets of the client. Plus,offer the Charles Schwab platform and products to US clients. To make claims like that in the US and for them to not be true would result in raising the eyebrows of FINRA investigators which would lead to immediate revocation of licenses and criminal consequences. If what I've read in the numerous posts is true why hasn't the FSA shut them down? If this is a scam why aren't the 60k customers flooding the message boards? How did they receive licenses in in NYC and Florida? How did they enter into agreement with Goldman Sachs, Morgan Stanley, JP Morgan and Charles Schwab (which as a firm you need to house $10 million in assets for clients)? Just some questions that I have that haven't been answered in the numerous posts flying around this site. It seems like just pissed off ex employees who failed at their job and cant provide any real proof to their claims are on here. I haven't read one post from a Pissed Off client, have you? I dont' work for DeVere but am considering the opportunity and I'm just looking for real proof of the claims that I've found here.
DeVere Group The Kingdom of Thieves
I worked within the deVere organisation for a number of years and experienced first-hand the grubby mechanics of this mega money making machine. I was trained to target high net worth expats and take all their money/savings. deVere have a saying that if your client only has one product through you, you are the one chasing him. If you go back time and time again and sell in different products, that client is beholden to you. This is the deVere philosophy. You are trained to put your client in a financial stranglehold. I have seen some Consultants begging for advances (because deVere ran them out of money). deVere hold back commissions for consultants because they believe it makes them more hungry to sell. What I witnessed was no short of what the Romans did to the Christians when they threw them in with the lions at the coliseum. I witnessed a consultant sleep in one office because deVere made him so destitute. The Manager took a disliking to this particular person and decided he would be his entertainment for the next 6 months. This is the reality at most deVere offices. Many deVere Managers are ex-football thugs that were on the terraces fighting & selling drugs before they worked their way in to Nigel Greens inner circle. Nigel Green now has a box at... wait for it... Chelsea football club. Prior to QROPS/QNUPS taking off these last couple of years deVere consultants were like monkeys, always targeting a front loaded savings/retirement plan for the client because of the very high commissions they receive. Nigel Green now has his own life company & Fund Platform. This means you get screwed even more, they will entice you in with low looking charges for your QROPS, but beware you will be financially ruined by the time they've finished with you. deVere structured Notes all have a 4% upfront charge. You lose money on your investment immediately. deVere get paid 6-8% on top, so up to 12% - who do you think will pay for this? Do your due diligence before getting in to bed with these scammsters you owe it to your family. Start with BBC Panorama documentary ‘WHO STOLE MY PENSION’. If it's anything deVere, run for the hills
DeVere Group-CAUSING NEGATIVITY
deVere Group, devere & Partners, Britex, PIC and all the other dodgy companies that Nigel Green's henchmen front up for him is truly going to implode soon. Nigel Green has a number of ex convicts working in his organisation from top to bottom. Why does Nigel Green keep changing the name of his company? Why was Nigel Green on BBC Panorama documentary (WHO STOLE MY PENSION)? http://www.youtube.com/watch?v=rS36OlVCY5s check it out. Why does Nigel Green shut one company down as quickly as he opens another? Why does Nigel Green encourage all his staff to sell his own Valis Funds that have little or no track record? Why does Nigel Green demand 4% from your lump sum investment when he gets paid 6-8% from the various companies on top on this? Why does Nigel Green surround himself with ex double glazing salesmen who don't know the first thing about Financial Services? Why does... Why does... Greed & scam greed & scam greed & scam greed & scam it goes on and on and on... Make your own mind up about this dreadful company and the uneducated scammers that represent it. deVere have a nice flashy website but the staff are generally cheap people who will tell you anything to clinch the deal. Remember the saying- Honesty is very expensive gift. Don't expect it from cheap people! This sums up deVere in their entirety.
Devere Group in Zurich, Zurich - Generali Vision sold by DeVere: 100% refund IS possible
Good news - Just so that the information is out there that a FULL REFUND of the Generali Vision plan as sold by DeVere IS POSSIBLE. In a nutshell: after a LOT of letters, threats, references to FINMA, etc, we manged to get a 100% refund from Generali. We never dealt directly with DeVere as that would have been useless. I believe the strongest "winning argument" was: - deVere are NOT authorised as financial "advisors" in Switzerland - Generali Vision plan is NOT an investment scheme approved for distribution in or from Switzerland Devere promotes the Vision plan as tax efficient and illegally advises its clients not to declare offshore assets to Swiss authorities. To support these statements, one could send them these documents of the Swiss Financial Market Supervisory Authority FINMA: ·List of Authorized fund managements, agents and distributors of investment funds - Contrary to their claim during the introduction meeting and on several other occasions, DeVere is not on this list; and ·List of Foreign collective investment schemes approved for distribution in or from Switzerland (of Swiss Financial Market Supervisory Authority FINMA) - The Generali Vision plan is not on this list, contrary to the statement of DeVere "advisors". To the first reaction of Generali that "YOU have signed the policy documents - you must have known" a good reply would be: "We have never contested to signing the policy documents "presented" to us. But we signed the documents in good faith, relying on the "advise" provided by deVere's agent (backed by the involvement of Generali), stating several times that we are being signed up for a tax efficient (not true as Swiss residents must declare worldwide assets) and flexible plan (not true as the Vision plan is not flexible) legitimate (not true as Vision is not approved in CH) plan sold by an authorized agent (not true as Devere is not authorized in CH)." So that's it, we are finally out of this nightmare called Devere and Vision. Our losses: a few hundred euros due to exchange rate fluctuations and transaction fees + lots of nerves and quite some time. Our gains: We learned our lesson. (I still don't understand how could we sign up for this mess. I mean when I buy a car for example, I search the net for at least a weekend for opinions, reviews, etc. and then I sign up for a 25 year plan w/o any real research just trusting the name "generali" and the well-suited sales guy).
The DeVere Group BANNED (EVIDENCE!)
The following link was easily found with a simple search of a financial governing body (FSA) showing that this firm has been kicked out of the UK - hence why they are working from Malta! http://www.fsa.gov.uk/pages/Doing/Regula youve been ''SOLD'' the dream job over the phone from some uneducated *** based in Malta, I'd think twice before going to a group meeting for Nigel Green to further sell the job to you. The person who I rang me up to try and ''Sell'' the job was called Stephanie Vidler (or so she said in her copy and paste standard follow-up email!) I remember my phone ringing whilst shopping and all I could hear was 100k a year job, tax free, everything was 'FANTASTIC'...telling me I would be earning ''OBSCENE AMOUNTS OF MONEY'' and, what really got me was she used the line ''The Whole Enchilada!" At this point in the call I decided to play along with her. She was telling me id be on a minimum of 3500 pounds tax free per month, that with my strong sales experience in selling furniture then selling complex finanical packages would come 2nd nature! At this point in the call I was nearly in tears with laughter whilst walking passed the bread isle...I actually fell sorry for them guys cooked up in that office reading the same script ovvver and ovvvverr again to make a living. DONT DO IT GUYS - THE COMPANY IS A SHAM, THE RECRUITMENT PROCESS IS A SHAM!
Devere Group in Pasig, Manila - I Was A deVere Recriuter-Taught To Lie
yeah, the recruitment process is all a lie... i was a recruiter for them in manchester... we were given a sales pitch to say down the phone to "sell" the job. we were even given sales training. Yep you get a basic salary, but only for a maximum of 3 months... we are not allowed to tell you this. We are not allowed to "recruit" people in for a presentation from certain nationalities or with accents. you cannot got to any location you like... they will sell to you the location they want you to go to. You do have to pay office costs, we say you don't but just wait until you get your contract at the end and read the small print- you have to pay for all your phone bills, furniture, rent, coordinator costs- yeah you have to pay if you WANT a coordinator. We told you you get a coordinator as soon as you get there... no you don't- you have buy one. We tell you we cover the costs of your qualifications- no we don't, it is clawed back through your commission. We told you the commission is uncapped- it is capped in certain locations- 10k in the first, and increases year on year...
I have just come back from Thailand after working for the Devere Group,high pressure sales force,you don't make any maney in this game,but they say everything good to get you out there!! Don't GO...it cost me Â£1000,s James Davenport London be wise and take my advise,i'm 42 years old and experienced in this field,they seem to prey on young men and women who have a dream of living in thailand and making big bucks,but it won't happen thanks for reading..james Try looking for a company in the UK first,who is FSA reg
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