Devere Group's reply to:
Devere Group - DeVere *** artist misleading sales pitch cost me $22,500
Update by user Feb 01, 2013
Sorry, the "consultants" name is actually Taner Kaplankiran.
Original review posted by user Jan 31, 2013
DeVere consultant Taner Kaplankerim has sold me a saving plan with Generali, misleading me to believe that I can withdraw all my money if not satisfied with performance after the initial investment period (18 months).In reality, when I performance was miserable and I wanted to withdraw my money, they showed me surrender value of $3.5 K on my investment of $26 K.
The rest was consumed by "administrative fee" of 2% per annum, but charged upfront on all the money that I would ever contribute over a 20-year period.They even did not show the breakdown of charges, but the fact is that Generali pays its agents (DeVere) upfront high comissions, and then charges it on the customer.
Monetary Loss: $22500.