Reply by Devere Group

deVere Group strictly adhere to international laws to ensure that only the very best advice is delivered to clients. Being the most regulated brokerage in the world, deVere are required to randomly call clients to check that all necessary paperwork was provided at the point of investment. If at any time you are unsure of an investment, it is recommended that you do not proceed until you are 100% happy with the terms and conditions applicable to the product.
Author's
Hong Kong,Hong Kong
5.5K views
150 comments

If you have ever purchased a product through this company then I STRONGLY advise you to check the advise you were given with the product provider.

In particular check the fee structure is as advised and the terms and conditions.

If you havent purchased through them then my advise is don't. Avoid them like the plague.

I purchased an international plan and asked in depth questions about their fee structure and terms and conditions. I have since found out that documentation that I should have been given was not provided.

These documents would have answered all the questions I had, I therefore had to rely on information they provided verbally. This turned out to be incorrect which benifited them at my expense.

Monetary Loss: $200.

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Anonymous
#658213

It amazes me that DeVere is still trading. So many complaints in so many countries.

How do they get away with it? I just can't believe the amount of complaints on this site. has DeVere bothered to answer or justify any of them? I would love to know.

My own complaint is so similar to many of those on this site.

hey manipulated information to *** me into purchasing a long term plan for my retirement. Conveniently left out any information on fees and lied when I asked questions about them so no written eveidence. All fees are paid up front and so I am now locked into a long term plan that doesn't suit my needs, is expensive in terms of ongoing fees and impossible to get out of as exit fees are extotionate due to all commission being paid up front. needless to say I haven't heard from them since despite promises of regular meetings.

apparently the advisor who sold me the plan no longer works for them..or so they say and management just keep giving me the run around. i actually wonder if they might make more money if they traded with integrity. Staff and customers may well stay loyal an invest further.

I am devastated as is my future thanks to Devere. it makes you wonder how they sleep at night!

Anonymous
to Justiceandintegrity #658217

deVere are now in bed with Pissed Consumer, they are starting to respond to complaints with very laim general responses. Then the original post gets closed down!! No more comments etc.

What a cop out from PC, I suppose it was going to happen sooner or later. Nigel Green has made lots of money ripping consumers off & continues to do so.

Now PC are letting deVere edit posts! Disgusting!!! Shame on you Pissed Consumer.

Noneeded
#589365

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!!

budapestnewcombies
#540996

Does know anyone Michael Doherty, managing partner for Hungary? Is there anyone who had some experience about the activity in Hungary?

Many thanks for the help... :)

Anonymous
#535384

The only way to let people know is to advise the hr departments of every major company globally to be aware and advise staff. All this *** is going to get know where. They operate illegally in almost all jurisdictions.

Anonymous
#535356

These guys are a shower of liars. They tell you they have expert knowledge of areas of investment and thier boss says they should not be telling you this and make loads of promises about information that never happens.

STAY AWAY FROM THESE CROOKS. THEY HAVE NO INTEREST IN ANYTHING BUT THEIR OWN FINANCES.

Anonymous
#466134

Be very,very careful. Why would a financial services company not offer the proposal in writing?

These guys work on YOUR fears, pensions, care home fees. Do your research and try and work out who is taking the fees.

Anonymous
#451181

I would give a stern warning to keep away from these people regardless of their glitzy web site and reassuring ad. copy.

In particular have nothing whatever to do with a "Financial Adviser" named MARK SLEVIN (See on "Linked In") who is not only totally incapable of advising but is also unable to speak the truth. Well-dressed and convincing, he's a charlatan. I have all the details of his mis-selling if you require a stronger warning.

He disappeared from their Mexico City office in doubtful circumstances, and was replacded with somebody who told me "I don't HAVE to help you!." He, too promised figures about which I received "delay" emails before he finally instructed me to contact their Barcelona office as "this is taking too long,"

He could have obtained the figures within an hour or two had he wished.

Their much-publicised office in Knightsbridge via which my investment was made had suddenly disappeared when I tried to register my complaint.

They shifted - without warning clients - to Malta. The Malta Financial Services informed me they are "de Vere Holdings" there, a "back-office facility".

So what CONSTITUTES their "offices" in over 40 countries> It could be a man wiht a laptop in a hotel room.

The whole operation is shady. I was given appalling advice, had it misrepresented, could get no decent co-operation and have suffered in obtaining information.

Anonymous
#441815

I am an ex-employee of deVere and am interested in putting together a Class Action through the Courts. All disgruntled Investors/Clients/ex-employees are welcome to help me carry this out even if it is just incriminating evidence/experience you can help me with building the case. I intend to close them down and see Nigel Green behind bars. Please contact me on Pn_Fleming@Yahoo.co.uk

I have 30+ years of Investment Banking experience and have contacts with many Financial Regulators so am perfectly placed to see this through to the end.

I will be successful, and anyone who contributes will enjoy the down-fall of what I consider to be the most unethical, unprofessional company I have ever encountered. They make a corrupt second hand car sales force look like angels.

Anonymous
#441122

One adviser I used from severe told me lies and Lies again when I asked him about charges. He was a guy called Oliver dax from Barcelona. I think he has been transferred away now.

Anonymous
#360654

Globaleye would have to be a separate company for him to jump ship.

DXB client
#359650

Our finacial advisor that has cost us thousands has now jumped ship to Globaleye.

I wonder if he mentioned the complaint that had been filed against him?

Anonymous
#353301

funny now with deVere and their news feed that when you look up on google deVere scam this website no longer comes up on the first page.

Good work deVere but you can not hide the truth for ever

Anonymous
#347567

lots of comments, so little action.

what are the people commenting on this blog going to do about the issues they have raised?

Anonymous
#347406

Another issue is the ***:

*individuals masquerading as IFAs so that clients believe they're talking to properly qualified financial experts, not salesmen

* misrepresentation of investments to clinch the sale

* advice given verbally so that there's no written evidence of the ***

Anonymous
#347110

so what is the main issue here? Is it

1. The astronomical charges on the majority (all) of offshore life insurance savings plans

2. The levels of commissions payable to deVere and others who sells these products

3. The fact that Offshore regulators are weak and inept, and allow this to continue

4. That even is the 21st century people are so BLOODY daft as to buy financial services products with their had earned money on the basis of what they hear, rather than what they have read and researched themselves

work these problems through in the following order - 4 / 3 / 2+1 (together) then you will find these blogs will eventually disappear

Anonymous
#329408

I am also glad that I have done some research on this company. But I need some help.

Can anyone recommend a GOOD offshore IFA company trading in Brazil, that would be a good company to work for.

I have 10 years experience in the industry and I would love to work in Brazil now as an proper IFA. I have tried to find this but all the recruitment companies are pushing companies like this one.

Many Thanks

Anonymous
#321302

Completely agree with all of the warnings here. 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.

Anonymous
#318540

Am an active client of deVere and also analyst. Found out that the online fundplatform is giving wrong information and is modifying figures without commands from the user.

Very triggy as you have no clue about your funds, profits and strategy.

After warning DeVere, the said it was a rebuild of their website, ongoing for a year now! Am selling all funds, trust is absolutely gone.

Anonymous
#315871

Yeah, devere have been doing this for a while in the hope that when you type in devere group scam/rip off, it will give results that are positive as they are articles written by devere to try to manipulate the search results.

Its quite amazing what lengths these numpties will go to isn't it.

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