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
Melbourne, Victoria
1.3K views
50 comments

So, you've been recruited by a so-called independent offshore recruiter and he promised you a world of fame and riches. You can't resist and you are on your way to a presentation in Knightsbridge for one of the biggest Offshore Financial Advisers in the World. It's a dream come true.

Now, it wouldn't be fair to tell you everything at the presentation. You might be told enough to get your juices flowing. Most of the fine details arrive when you get to your destination.

But behold. I can help. Here is a guide based on information recorded during the "˜Offshore Adventure':

Self employed-of courseCommission Only-naturallyYou will need to find and pay for all your travel and accommodationYou will receive roughly 50% of the commission, but of course, this doesn't include any over-ride, so in reality, you will be lucky to get 40%.You normally pay your co-ordinator 20% of the commission (whether you have one or not!)You pay for 50% of your coordinators accommodation-although this might be shared by a couple of advisers so 25% eachYou pay an additional 5% of you commission away in the first few months until you bank 60K to repay your training costsYou pay a further fee from your commission to pay for the office costs such as telephones and paper etcYou will be expected to find data, i.e. names of people to call and then cold call them if you don't have a coordinatorYou will have to bring your own laptopYour destiny is in your hands-of courseThis is based on information obtained in 2009 and therefore, may be subject to change without notice and is a guide only.

The commission structures vary considerably amoung firms but one thing to consider, you will almost always be commission only and self employed and rarely do you get a cut of the full commission the firms recieves, no matter what they tell you….

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Noneeded
#589364

Get a life people.There is not much point in carrying on talking about IFAs.

The real point is, what kind of people want an unqualified and an unregulated service which will be dealing with your MONEY, very likely will provide you with an advise that even a monkey could reach too? Only *** people! The same goes for those who work for this kind of company. Nobody needs a IFA.

If you want to invest your money? Do your homework and find a top bank or financial institution and they will help you.

Bear this in mind - these organization will have QUALIFIED advisers.So if you put your money through a IFA and get a bad service and poor return - don´t complaint because you are the only one to blame!!

Anonymous
#527303

The world largest INDEPENDENT IFA?

Devere own its own life assurance firm that flogs cover to its own clients.

Devere CEO is a shareholder in at 4 investment funds sold heavily to Devere clients.

Devere owns its own recruitment company that claims to have no affiliation with the Devere group

Devere has many DIF funds i.e ‘distributor influenced’ investment funds that pay higher commission to promote them.

Devere have its own fund supermarket with mega high charges and promoting its own funds which have a very limited track history and are part owned by the Directors of Devere.

Devere have stakes in a number of other offshore IFAs that promote its DIF funds for enhanced commissions.

How can Devere do this – because they are not a proper IFA no matter what lovely marketing and endorsements they propose.

Yeah, these guys are a real professional outfit!

Anonymous
#527199

Just google-Devere scammers, Devere conmen, Fraudsters, Simon Pratt Devere Director on the run from Hong Kong Tax Authorities, who Stole My Pension BBC documentary about Nigel Green (Devere Group).

There is so much negative information about Devere, if they are a professional company doing things right why oh why is there so my derogatory info about them all over the internet not just on consumer websites. Please try and defend that last statement. You can't it's impossible.

Anonymous
#526784

Add these scammers to your list.

Philip Roberts

Paul Thompson

Toby Williams

Ian MacKintyre

Simon Pratt

Nigel Green

Scott Cunliff

Anonymous
#526764

I was just contacted by a deVere representative here in the Philippines. What got to me is how the managed to get my cell phone number?

- For over a week this guy has been calling to setup a meeting and of course I gave in cause I just don't have the time for arguing.

- A couple of days before my wife and I were talking about having a college fund and pension scheme

- the guy presented himself pretty well, though when somebody shows me figures he that he downloaded of internet, as well as blown up pictures of famous people with quotes... it sounds like the Nigerian prince that needs your bank account

- I listened to him and said that I would get back to him... wasn't convinced at all.

THANK YOU for forum repliers - my heart goes to all of you who hadn't had the luck the were expecting

Anonymous
#439500

the list goes on, lets keep it as complete as possible to ensure someone googles these names they find out the truth:

- Malcolm McDowell - one of the pushiest of all "advisors" of devere

- Halligan, Deirdre

- Rebecca Baldacchino

- Nathalie Bellizzi

- Ione Bezzina

- Rochelle Camilleri

- James Rawson - he was not there for long

- Siffat Shah

Anonymous
#410760

add Jonathan Wookey to the list of bastards at DeVere.

Anonymous
#341809

listen guys, some people seek to attack the vuneranle.If you are down on your luck, need a job and desire riches then please dont thinkl of this as an option.

If you think that cheating people out of there savings is a way to make a living then i can assure you it will only leave you feeling empty inside. Devere does not care about you and they do not have an oportunity. Craig featherby who heads up the south africa team is a very wealthy man, big house, nice cars, shiny suit............. he has a problem though, he is a social outcast because he has cheated so many people who work for him.

It is pointless having cash in the bank if you cant go anywhere and enjoy it.

Best advice you could take is dont go on that training course with the attitude that you have nothing to loose !!just dont go

Anonymous
#336661

Take note these people are now advising on UK QROPS pension transfers.

If aproached by them you now know what to do!

Anonymous
#318512

Dammit!! I thought I had a job! Better keep searching then!

Anonymous
#309253

Do not come anywhere near this company.i was warned and i still went after my wishes and fantasy mind, now i wish i had listened.

so learn from me.

This company is bad news.All you will do is pester honest hard working professionals all day that dont need to be pestered.

Anonymous
#305054

The only reason you have a PPBond under an investment is if you go back to the UK otherwise it is worthless but devere get more com on it.

What they mean about tax free earnings is that devere employees get paid offshore so they do not have to tell the tax man what they earn.

Sounds like a company you should trust?

trying to cheat the tax man?selling you something extra to get more comm?

Anonymous
#304727

Get in the office and the manager, area manager are on your back sale sale sale. Get numbers on the board.

They ask you how was your meeting I tell them ok but selling them this product is not best advice for the client, they tell me that I have to sell whatever, anything or I do not have a job.

I say but they are moving back to the UK and might be subject to tax, they say we are not tax advisors that is up to them to find out the fact just sale sale sale

GREAT COMPANY I THINK NOT

A PLACE TO GET GREAT ADVISE I THINK NOT

jackpy
#304725

Recruiting in London

Thanks you guys for wonderful comments . they are now recruiting in london and had sent me invitation to attend demonstration in Sofitel hotel with the following directions:Directions

Sofitel London Heathrow is directly connected to Heathrow T5, only 4 minutes walk via a covered link-bridge. By Road - take the direct spur road to Heathrow T5 and the hotel from junction 14 on the M25. Alternatively take junction 4a from the M4 signposted Heathrow Airport. By Railway take the Heathrow Express Rail to T5 and by Underground take the Piccadilly Line to T5, then follow signs on Arrivals level for the Sofitel directing you to the lifts and footbridge taking you directly to the hotel

Could someone tell me who pays for the five days training and the accommodation. Thank you

Anonymous
#304724

Recruiting in London

Thanks you guys for wonderful comments . they are now recruiting in london and had sent me invitation to attend demonstration in Sofitel hotel with the following directions:Directions

Sofitel London Heathrow is directly connected to Heathrow T5, only 4 minutes walk via a covered link-bridge. By Road - take the direct spur road to Heathrow T5 and the hotel from junction 14 on the M25. Alternatively take junction 4a from the M4 signposted Heathrow Airport. By Railway take the Heathrow Express Rail to T5 and by Underground take the Piccadilly Line to T5, then follow signs on Arrivals level for the Sofitel directing you to the lifts and footbridge taking you directly to the hotel

Could someone tell me who pays for the five days training and the accommodation. Thank you

Anonymous
#304423

devere investments south africa (pty) ltd

Anonymous
#303445

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

Anonymous
#302333

They lost me all my money, you talk about working for them but what about putting all your trust into them

Anonymous
#301757

thinking of working for deVere in south africa? read below

Anonymous
#301523

Are you thinking of working for this company?

Then read all the comments below

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