Reply by Devere Group Jun 12, 2013

Being the world’s largest and most regulated IFA, deVere strive to build strong relationships with its clients. Our compliance team regularly contact clients to answer and discuss any queries they may have, guiding and supporting clients through every step of their investments. Our strong customer support service has been one of the main drivers of our continued global success resulting in 70,000 active clients worldwide. If for any reason you cannot get in contact, please contact our head office. All contact details are available on our website.
Author's
Moscow, Moscow
1.2K views 17 comments

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.

Review about: Generali Vision Plan.

Review #380571 is a subjective opinion of a user.

PRODUCT OR SERVICE Not specified
Reason of Review / Monetary Loss Not specified / $22500
Preferred solution Not specified

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Comments

dubious
#651101

Hi Yuri, just wondered why you didn't read the documentation from Generali.As an ex Generali employee it strikes me that you seem to be taking no responsibility for not reading the contract fully regarding the initial period and how those units stay in the plan till the plan matures.

If you believe everything someone tells you so easily perhaps I could borrow a $1000 off you to unlock my nigerian bank account?:roll

Deverie darling?
to dubious #657799

DeVere have infiltrated this site, probably paying PC lots of money to try & succumb the flow of negative comments which from what I've read look justified.

Did you see that deVere (Nigel Green's) own Fund UAM has just been frozen? This Fund has $50,000,000.00 of deVere client money locked down.

DeVere were also very recently thrown out of Belguim by the regulator, what's that all about?

deVere are coming on PC replying to the complaints then closing the complaint down. It's their way of silencing the critics.

Why are PC letting them get away with it? :cry

Yuri
to dubious Moscow, Moscow, Russian Federation #660340

The contract is well written by professional lawyers to hide the fact that it is front-loaded by admin fees.I gave it to a friend who is graduate of Harvard law school, worked for many years in leading law firms and is now head of legal department at a large corporation, and even he said it can be interpreted in many ways.

Potentially it can be disputed in court, but going to court against Generali in Guernsey Island would cost me much more than I've lost already.

The fact that you would be robbed is well hidden in the definitions section: " Surrender Value is the Investment Value of the Policy less any: accrued charges, pro rata investment administration charges due; administration fees which would have otherwise been deducted over the remaining Premium Payment Term..." This is the catch: you pay for the full 20-year period for all the money you would contribute in the future.

And finally, if you want to borrow even a penny from me, keep in mind that I would never deal with anyone who worked for DeVere or Generali, so you can try to borrow from someone else.

moscow
#638121

Yuri, I know this man and he has done something similar to me. I have his phone number and even know where he lives. Please email me on: kirillpopov2488(sobaka)gmail(tochka)com

robertandy15
York, England, United Kingdom #633717

all are talking about the rubbish think. is this person involve in sex chat or any adult video... very funny :p :zzz

Anonymous
to robertandy15 #635552

really a cheap post delete it immediately.. its not a place to talk about sex or adult video :eek

Noneeded
#607564

To want to expose bad practice: send the link of this site and threads to everyone you know and ask them to keep sending forward...and just ask people to read and think twice before taking advise from anyone company listed in this site.

Bernie
#603680

Yuri, below are all the groups he is member of in Linked in. Join each of those groups , figure out which is the main one for info exchange. Keep a reular eye out for all his and his colleagues postings and immediatly slam dunk them. Open up your own discussion in one of the groups. Ask the question. Has anybody in this group bought this *** product from Generali or whoever. Get a discussion going where deVere are named , where Taner is named. Be professional and objective..so you cannot be accused of unfounded allegations. Also, great advice from Starhollow.. file a formal complaint with the relevant authorities in Russia.

Current: Investment Broker at deVere Group Groups: ??????? ????? - Russia Forum·Executive Search Russia & CIS·Germans abroad·Doing Business in Russia·Expat Network Russia: Moving to, Working in, Living in Russia·Food & Beverages Russia & CIS·Marketing in Russia / ????????? ? ??????·Bank and Finance Professionals of Russia & CIS·Russia Networking Group·GeoPost DPD Alumni & friends·French in Russia - Francais en Russie·Expat.ru·AutoRussia - Russian Automotive Industry Network·Russia Automotive·Dutch Expats in Russia·Coca-Cola Current & Former Employees Group less Similar

Starshollow
Munich, Bayern, Germany #603003

Yuri: unfortunately I have no idea how the law is in Russia, what kind of license you need to offer financial advice and what consumer protection rights are in place to require full disclosure of such costs before signing up (as they are required in Germany).

I can only recommend that all disgruntled clients files protests/claims of malpractice to their relevant authorities in their countries

a) in order to find a chance how to claim your money back

b) to avoid that others fall in the same trapp

c) to show that Nigel GReens claim that in effect there are now disgruntled clients but all this is just a smear campaign by ex-DeVere advisors or competition is simply wrong. The more national authorities all over the world get word that and how this company abuses the trust of clients, the earlier they can get shut down.

Cheerio

Paul Thompson
Reading, England, United Kingdom #602863

Devere staff are trained to stich you up, I know because I went through their course. Have you seen their sales pitch? Someone posted on here, bet it sounds familiar, you will have heard it word for word already.

There are many 'astards at deVere, it all stems from the very top. Check out BBC Panorama documentary 'who stole my pension' all about one of Nigel Greens companies that was stitching up old age pensioners in UK. Look at the video on YouTube.

Good luck my friend.

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