I worked within the deVere organisation for a number of years and experienced first-hand the grubby mechanics of this mega money making machine. I was trained to target high net worth expats and take all their money/savings. deVere have a saying that if your client only has one product through you, you are the one chasing him. If you go back time and time again and sell in different products, that client is beholden to you. This is the deVere philosophy. You are trained to put your client in a financial stranglehold.
I have seen some Consultants begging for advances (because deVere ran them out of money). deVere hold back commissions for consultants because they believe it makes them more hungry to sell. What I witnessed was no short of what the Romans did to the Christians when they threw them in with the lions at the coliseum. I witnessed a consultant sleep in one office because deVere made him so destitute. The Manager took a disliking to this particular person and decided he would be his entertainment for the next 6 months. This is the reality at most deVere offices.
Many deVere Managers are ex-football thugs that were on the terraces fighting & selling drugs before they worked their way in to Nigel Greens inner circle. Nigel Green now has a box at... wait for it... Chelsea football club.
Prior to QROPS/QNUPS taking off these last couple of years deVere consultants were like monkeys, always targeting a front loaded savings/retirement plan for the client because of the very high commissions they receive.
Nigel Green now has his own life company & Fund Platform. This means you get screwed even more, they will entice you in with low looking charges for your QROPS, but beware you will be financially ruined by the time they've finished with you. deVere structured Notes all have a 4% upfront charge. You lose money on your investment immediately. deVere get paid 6-8% on top, so up to 12% - who do you think will pay for this?
Do your due diligence before getting in to bed with these scammsters you owe it to your family. Start with BBC Panorama documentary ‘WHO STOLE MY PENSION’.
If it's anything deVere, run for the hills