Reply by Devere Group Jun 12, 2013

deVere Group are proud to offer industry standard qualifications to all new recruits who train with us. This has been the driving force behind our continued global success resulting in 70,000 active clients around the world. The financial service industry is not suited to everyone as it requires long hours and hard work. But by working hard, being honest and offering sound impartial financial planning to clients, you can create a very rewarding career for yourself.
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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 £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.

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Mr scott
#418264

Think you have just saved me a fortune! I was all booked to go on thecMalta course!

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