Reply by Devere Group

As one of the most regulated IFA’s in the world, the deVere Group strictly adheres to various international laws and procedures. Our compliance team regularly contacts our clients to ensure that all deVere Group procedures have been carried out according to company policy. With over 70,000 clients and $9 billion under advice and management, deVere Group are confident that only the very finest financial advice is provided. All deVere consultants are fully qualified with a CISI qualification in wealth management.
Author's
Cardiff, Wales
1K views
8 comments

De Vere & Partners - what a joke! 2 of us went to Cape Town to work for this scam, boiler-room *** Nigel Green. DO NOT INVEST WITH THEM UNLESS YOU WANT TO NEVER SEE A SO-CALLED TRAINED CONSULTANT WHO IS NOTHING SHORT OF A YELLOW PAGES SALESMAN AND YOU WANT TO LOSE EVERY PENNY YOU HAVE!

They are ruthless, on-the-run, mostly ex-cons avoiding their own home country laws. They don't even have visas to work in the countries where they are based.

And, if you are thinking of being employed with them as we were, take a serious word of warning - DON'T.

Had an Experience with Devere Group?

Write a review

Comments

Anonymous
Cape Town, Western Cape, South Africa #593953

Forgot to say wonder why they changed their name from DeVere and Partners to DeVere Group? The answer is Google DeVere and Partners to find out

Anonymous
Cape Town, Western Cape, South Africa #593949

I worked for DeVere in Cape Town for a couple of years before going traveling, I gave my clients the best advice and all the help I could. Saying that, did everyone in my office NO it was all about how much money they could earn. I just did not listen to the directors or my managers because I did what was right for my clients not what made me or DeVere the most money. I understood the product more than surface knowledge so I could advice what was best for my client unlike everyone else in the office.

Since I left have my clients been looked after like they were told they would NO.

That’s who I feel really sorry for as all the commission has been collected why service them when you no longer going to earn any more money out of them!!! Just a thought

Anonymous
to DeVere - Cape Town #626849

Absolutely correct some of us where client orientated but you don’t last long in deVere if you are

Anonymous
to DeVere - Cape Town Cape Town, Western Cape, South Africa #626875

I work in Cape Town and I believe most of the consultants care for their clients.I won the client servicing award and I feel most of the comments I read are very bitter and not warranted.

I have been self employed all my life to I am used to hard work, I appreciate the support and training I have received from deVere and I don't intend on ever letting my clients down.

They are all 100% happy with the service and products I have provided for them.:)

Anonymous
#557846

OK all you pissed off Devere Group Employees, Devere Group Customers, and Devere Group former Customers, and hopefully not too many Devere Group future customers.Read the article , its all true, they are a wonderful company, people only complain because they are jealous.

Bollox..if a quarter of the complaints on this board about Devere Group Scammers are true that is already too many .That article made we want to vomit while reading it..Absolute load of tosh and bollox.

Anonymous
#487661

When it comes to QROPS advice, be very very careful.

Do not use any adviser that does not have specialist pension qualifications. These are G60 and AF3, issued by the UK Chartered Insurance Institute. If someone does not hold such qualifications, then it is unlikely that they will have the experience or knowledge to advise you about transfers.

Do not undertake a transfer from a final salary scheme without a professional transfer analysis, expect to pay a fee for this. If free advice is offered, walk away.

There is little justification for placing QROPS assets in an investment bond, so be aware of this.

You will often see references to a 55% tax charge on UK personal pensions, upon death. This only happens once you are drawing a pension and should not be a consideration for someone 20 to 30 years from retirement.

The other tactic is to worry people about scheme deficits. Contact a proper pension specialist who will undertake a proper analysis, including consideration of the last scheme actuarial report, the company accounts of the sponsoring employer and help make a valued judgement based on facts.

Don't forget, there is the Pension Protection Fund in the UK. Many offshore advisers have never heard of it or fail to mention its existence.

Ask your adviser to work on an hour/fee basis , with all costs disclosed. If he/she won't, kick 'em out the door.

Anonymous
#487625

If anyone from De Vere or an associated company tries to sell you a financial product, run as fast as you can in the opposite direction.I was contacted by their Port Elizabeth (South Africa) operation, who tried to sell me a QROPS pension transfer scheme.

But it was obvious when you added up all the charges that they were massively over-the-top. The salesperson tried to frighten me by telling me about a supposed huge UK tax charge on my existing UK pensions. So I asked her to quote which section of the Income Tax Act applied. Of course, she couldn't.

I asked her to get back to me with that information, and naturally I never heard from her again.De Vere is clearly a scam.

Anonymous
#464057

'They are ruthless, on-the-run, mostly ex-cons avoiding their own home country laws. They don't even have visas to work in the countries where they are based.' - You say this because you’re a ex ***? Don’t be silly deVere make all employee's apply for a Police Check!

'SO-CALLED TRAINED CONSULTANT WHO IS NOTHING SHORT OF A YELLOW PAGES SALESMAN AND YOU WANT TO LOSE EVERY PENNY YOU HAVE!' - An IFA in the UK is a glorified salesman just with too many qualifications and no personality!

Shame you couldnt cut the mustard, good luck on finding another sales job...stick to office work next time.

comments

Devere Group Products and Services