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 - DE VERE, Nigel Green, Steven Luckett de Vere Financial Consultants, Nigel Green, CEO, Steven Luckett
As an ambitious 26 year old pretty, blond girl with a degree in management from City University in Bulgaria and had wanted to break off from excort work in Knightbridge, London. I had put my name down in several UK jobsites for work in financial services as many of my high-paying clients were accountants and bankers. I have no financial services experience, but have very good English and an 'engaging' personality. So I thought I was well qualified to give the job a go. I was contacted by a recruiter from de Vere Group and was offered a job as a financial consultant for the company's Moscow office (as I speak Russian). I guess the recruiter calling me got my CV from a jobsite. I went for the interview which was a presentation. It all looked good: 150,000 a year guaranteed, office location of my choice, full training and a caring firm. I became worried when I got their offer letter which seemed to show that I would have to pay them back my training course expenses, pay for my IFA course and exams (although they said they would do that), do cold calls all on my own!!!! and so on. When I told them, I had changed my mind after getting the letter, I got a call from one of their managers who said that I would be treated right, if I treated him right. When I asked him if he was referring to sexual favours, he said that he could be. I cut him off and sent letter to Nigel Green, the company's CEO to complain and copied it to Steven Luckett, the recruiter's boss. No response nothing. de Vere left a bad taste in my mouth and I guess they will in yours too! If you are girl willing to give sex for your career, you could do well there. But if you want a real job, stay clear I say. Horrible, horrible people.
Devere Group - Devere Aggressive Sales Tactics-high pressure!
I've recently come across this bunch of low life salesman, their highly charged, aggressive sales patter, it was good but not that good. I checked them out after the chap kept saying reduction in yield, when I asked him what it meant he couldn't tell me. He was disheveled, looked like he'd been pulled through a hedge backwards. Collar undone, grubby shirt with baked bean stains down the front. Alarm bells were ringing as soon as I laid eyes on him. He wreaked of tobacco and had a very false laugh. Makes you wonder where these people come from, very unsavory type of fellow. I hear Bennie maddof is playing disgraced financier Nigel Green (PIC, Britex, devere & Partners, devere group) & all the other companies he's associated with. Look them up, it's a revelation.
Devere Group - DeVere Investment- No Quarterly Meetings-All Lies
I completely agree with all of the warnings here on this site that I've read about deVere. I have been on a De Vere plan for five years - worst investment I ever made. Promises of quarterly review - didn't happen. (Apparently there is a legal obligation to do a six-monthly review in Belgium - that didn't happen either.) I should have realised that something was up when they cold-called me after I had been their customer for four years. Then when we asked to vary payments into the plan they gave us wrong advice and completely screwed up the fee structure. De Vere never implemented any request of ours that did not make them money, and clearly lost interest after we'd bought their recommended policy in the first place which is when they got their fees. Significantly there is no place on the De Vere website to register complaints. Fortunately there are government agencies, including the police, who take a different view.
Devere Group - Devere Cold Calling Sham-Beware-Be Warned
Devere Group - Devere QROPS BE WARNED-OFFSHORE ALERT
De Vere Group, the offshore IFA, was among the promoters of the Beazley QROPS that has been struck off HMRC's list of approved schemes. It has not been confirmed how many de Vere clients were put into the scheme, but it is thought it could be more than 100. Skandia International, the offshore insurer, has now revealed it has 166 cases on its books in which its portfolio bonds were used as an investment platform within the Beazley QROPS. Advisers from de Vere, which describes itself as the world's largest financial consultancy - with more than 50,000 clients in over 100 countries – are thought to have been the main provider of the Skandia bonds business in which Beazley was the corporate trustee. The names of other advisory firms that recommended the Beazley QROPS to clients are not currently known. International Adviser exclusively revealed this week that Beazley had written to clients informing them HMRC had struck it off the QROPS list, the consequence of which could be investors losing 55% of their pension in tax charges. Proof of 'good faith'Beazley told clients they should write to HMRC, providing all their details and information about the advice they received on the pension transfer, in order to help the Revenue establish whether they moved their pension in "good faith". If "good faith" – that clients intended to use Beazley as a genuine pension - can be established, HMRC will take a more lenient approach to leveling unauthorised payment charges. A spokesman for de Vere said it would be doing all it could to help ensure clients are not charged. "de Vere Group will continue to keep clients fully updated on any developments and will be in frequent contact with the trustees to do all possible to ensure that this matter is brought to a satisfactory conclusion." The spokesman added that no advice was provided on the scheme by de Vere's FSA regulated UK operation, noting it was only used by international clients. If "˜good faith' cannot be proved – the implication of which is that clients were intending to bust their pensions at the end of the five year QROPS statutory reporting period – the full 55% is more likely to be applied. International Adviser has seen an email sent from Beazley, informing clients and distributors that it was closing to new business from July 2008 as a result of its "overwhelming success". The email said advisers can continue to make transfers into the Beazley scheme until July 31st 2008. Pension busting claimsAccording to sources, some advisers were openly selling Beazley as a pensions busting vehicle which they could cash in after five years. It is unclear why clients of the Beazley scheme only received letters informing them it had been struck off the QROPS list in the past few weeks when it shut down more than two years ago. It is also unknown who is behind Beazley. The Hong Kong equivalent of Companies House lists the sole shareholder and only corporate director of Beazley as a company called Grampian Managers. The corporate secretary is given as Sovereign Secretaries Hong Kong, which is part of a trust company called Sovereign, which has offices in Gibraltar and Hong Kong. When International Adviser put questions to Sovereign, a statement was received from law firm DLA Piper. It said: "The Beazley Consulting Pension Scheme was set up in 2007. At the time Hong Kong lawyers advised that the scheme met HMRC's criteria to qualify as a Qualifying Recognised Overseas Pension Scheme ("QROPS") in the UK. "Appropriate legal advice was taken in Hong Kong before Beazley Consulting submitted its application to HMRC and HMRC accepted that the scheme met its relevant criteria. "Some 18 months later, after taking its own advice, HMRC decided that the regulations to which the scheme was subject did not meet its criteria and that the scheme no longer qualified as a QROPS. "This decision also affected other similar schemes. Since then Beazley Consulting has been working closely with HMRC to resolve the issue and has advised members of the best way forward." At the time of clients receiving the Beazley letter, the scheme was still listed on HMRC's list of approved QROPS. However, it is understood the list will be updated tomorrow (Sept 9th) and Beazley removed.
Devere Group - Devere lied to me.. don't trust them
I hate to say i have encountered this company and been lied to. I trusted their advice and didn't check the history of the company ... they actually called themselves PIC which is also DeVere. I thought i signed into a plan that was for 14 years until I retired, unfortunately when the paperwork showed up some 4 months after the cooling off date i had been put on the maximum 25 years. I tried to call the agent and was told he left the company. I saw another rep who advised me i wouldn't be able to cash in the plan until 11 after i had retired and would have to pay in until the end... he advised me to freeze the plan and set up a new one for the correct length of time and later he would transfer the money from the original plan but could only do that after 18months. I thought it sounded good advice which I followed. I set up another plan and stopped paying the first, after a year or so I tried to contact the new rep to find out when the money was going to get transferred from the original plan...I was told he had left and that the money was not able to be transferred and that it never has been. I lost the $8, 000 I had originally invested. The advice I was given was rubbish... I was scammed twice I wish i hadn't given in to there cold calling antics.
Devere Group - Devere Manila, Philippines. Stop Cold Calling My Office
devere have arrived in Manila, Philippines. How do i know because they keep cold calling my office, the *** couldn't even string two sentences together. I was called 3 times in one week, twice by the same fool. He manged to splutter out that they were regulated by Financial Services Authority, this I know it total BS. He informed me they deal with international tax planning, extremely funny considering that I'd just read about one of their directors on this site (Simon Pratt/devere Director on the run) they don't do a very good job. I was pestered non stop by these low life second hand car salesman in Bangkok. If someone from devere reads this please tell your ignorant staff what NOT INTERESTED MEANS.
Devere Group - OFFSHORE WARNING DEVERE SCAM ALERT
deVere (via Nigel Green, the CEO, Steven Luckett, the global recruitment director and others) are professional scam artists specializing in ripping British expats off as well as draining their own financial consultants out of money and sexually abusing their female professionals. Currently they are feverishly recruiting young professionals in Spain, Portugal, Ireland and other western European countries where as a result of the financial crisis many have lost their jobs, but still have some savings left in order pay these criminals tribute for being f...d over. A year ago my friend was cheated out of $ 20 000 after being promised riches (no less than GBP 120 000 a year!!) and a splendid career. During a week-long deVere financial consultants' training course in Malta at the end of which (according to the excited cries of Steven Luckett, hopping around madly with patched up trousers at deVere presentation) participants had to stand an official independent financial adviser exam, she was approached by one of deVere representatives with an open offer to 'treat his male parts', in exchange for them 'making sure she got promoted'. As she refused, the representative suggested later on on the course that she 'lacked necessary sales skills' so to fail her deliberately and get rid of a living stain on his reputation. As it turned out, she would have been luckier to have failed the course than having been selected for the position of a financial consultant. Still not convinced? Read on. DeVere consultants do NOT get 120 000 a year and they do NOT get a professional IFA qualification. This is just a bait for the gullible who believe Steven Luckett, Nigel Green & Co. are telling the truth just because they cannot IMAGINE being fooled by a company with a beautiful website and (seemingly) a lot of connections, in the most outrageous way. After having passed the 'course', she had to spend another three weeks in Malta at her own cost, because Steven Luckett's announcement that 'deVere will arrange you everything, including visas and employment permits!' turned out to be an outward scam. After finally getting the visa on her own and moving to the destination country, she also discovered that she had to 'contribute' towards their office, heating, coffee, rubbish, toilet paper etc. costs. There were no computers at the office as they could not afford to pay for the Internet!!! Furthermore, please note: 'contribute' as it is understood in deVere, means to pay your share off completely or not get any commission. Phone bills she had to cover on her own - quite a feat if cold-calling and trying to attract angry for being pestered people takes you 95% of your working time, as it 'is not up to the company to give you leads' (what did we train you for?!). After having lived for 3 MONTHS on her own and her parents' money, it finally dawned to her that the well-deserved commission was due to her at this rate no sooner than by 2050. She quit the company and is a living proof that a loss of $20 000 and a sore *ss is all you can get from these beggared scammers, sexual predators who have apparently come from a slum. Be on your guard
Devere Group - Devere & Partners Formally Britex International
The real Managing Director for BRITEX INTERNATIONAL IS A PERSON CALLED Nigel Green. Colin Barr is simply a legally qualified person brought in to keep the directors safe from all the repercussions which could afflict the directorial management of a company which has been acting in the way Britex and its "off-shoot "Devere& Partners have been operating. Britex is now apparently bankrupt.Their consultants who were working in singapore were arrested for working illegally without work permits or visas.Those consultants are now in Hong Kong and have not even been paid for any business they submitted from Singapore,Malaysia,Jakarta or Dubai. IT SEEMS THAT BRITEX IS NOW TRYING TO ESTABLISH ITSELF UNDER THE NAME DEVERE AND PARTNERS...Devere and partners was originally to be the britex operation in Hong Kong with around 20 consultants making cold calls >>>[ILLEGAL IN HK] to people at their places of work promoting the Imperial Consolidated fund amongst other products from a small office in central Hong Kong. Many of the consultants were never paid any commissions as their services were dispensed with prior to the commissions they earned being paid. The company has been operating in Hong Kong since june 2001 but none of the foreign consultants have working visas or Hk id's.There are no local chinese staff apart from perhaps a new secretary now. The company was initially called Devere & Partners so as not to be associated with Britex which already had a bad reputation in Hong Kong.
Devere Group - De Vere IFA jobs
I have read many reports on here about De Vere group. I would like to share my experience with you - but sadly there seems to be a theme - which isn't great. I was approached by a job agency having sent my CV to them They responded within a couple of days saying that I had all the relevant experience (worked in Financial services for 20 years as a Senior Manager). An interview was arranged with a Recruitment consultant who worked for the De Vere group and had been an IFA himself. I was surprised to see that he was not dressed professionally and his explanation was that his Range Rover had broken down and he had left his suit in the car. He had to hire a fiesta to get to my interview. He proceeded to tell me how successful he had been. Originally a bricklayer, a qualified optician who was earning 100k as a Director at 26 and who went on to earn in excess of Â£145k for De Vere. Clearly a very impressive individual who again - by his mid thirties had paid his UK mortgage off. He did warn me that many other 'competitors' had blogged negative things about De Vere to bring down the company and cause issues for them - all of which were untrue. Jealousy and a competitive market were to blame. My situation is not as dire as some - as in I have a large amount of money to live off to find the right job having left my last job - however I am used to a great lifestyle - hence why this attracted me. It worries me that people who perhaps have been looking for a job in the UK for some time will use their savings in pursuit of a dream which may happen - but it is more likely it will not and you will return home penniless, worse still in debt up to your ears - and still no job. Something did not stack up and I was not convinced. All my working life I have gone with my gut instinct and my instinct was telling me this wasn't quite stacking up at all. I listened to this chap (who was very friendly) tell me it was tough and that 50% of people didn't make it after the training. In fact a large amount of people didn't even last three months. He told me that I would have a co-ordinator who would get me 'warm leads' and if I was keen and worked hard, my Manager would help me (if I helped myself). I would even have leads waiting for me - it that's what I wanted when I got there! I asked if there would be a car - but realised (as in I didn't really get a straight answer) that I would, in fact have to pay for EVERYTHING. The office use, 20% to the co-ordinator, the car, my phone calls to the numerous leads I would need to call, fuel, flights to and from home, rent etc. Like others - I was told in 10 weeks I could earn staggering amounts of commission if I worked hard. Having reflected on everything told to me and read these blogs - No way in *** will I be going to work for De Vere. Yes maybe I could be one of the people who has turned my back on the opportunity that possibly could have made me significant amounts of money. That said - I have worked for numerous banks and financial services houses and know that at some point - I would prefer to earn much less, in the UK and be happy with the company I work for, salaried every month and have the full benefits (health, pension car etc). I get to keep my savings rather than use them all setting up. Please think about this if you are going for an interview or on the training course in Malta. Listen to people who have been through the experience and then make your own mind up. Life experience tells you that generally, there is no smoke without fire and that one or two blogs may be seen as petty sour grapes, but I have read over 200 comments - all within the last 12 months. Surely that has to make people consider the consequences of not doing their research? All the best on whatever people decide to do - just don't risk making your financial situation worse by not knowing what this all entails.
Thank You for Your Reply!
Thank You for Your Reply! We are processing your message.
Thank You for Your Submission
Your comment is successfully posted.
Do you have something to say about Devere Group? What happened? What can we help you with?