Devere Group's reply to:
Devere Group - How to complain about these rip off guys
devere group are not bona fide financial advisers, apart from devere (UK) and devere (USA) where they have no choice to accept regulation if they want to operate, everywhere else in the World they have no regulator and can pretty much do what they like, including ripping you off with advice from sales guys who have no experience and who are not qualified and a company that has little or nothing in the way of consumer protection.
Devere are known worldwide not for being the No1 international IFA that they claim but due to hard sell bully-boy cold calling tactics and the frightful commissions that they take. They sell products off-shore that are banned by the UK regulator and have no knowledge on investment performance. This is because they are just a sales company with a very nice website and sales-pitch projecting the image of a proper IFA firm. This is not the case in reality.
However they do need to obtain licences in the countries that they operate and if enough people complain they can have their licence taken away.
deVere and Partners (Belgium) Limited BVBA is authorised by the Financial Services and Markets Authority (FSMA - www.fsma.be) in Belgium and registered on the intermediaries register under number 61476; subject to FSMA supervision solely for the purposes of insurance mediation under the EU Insurance Mediation Directive. The following branches operate under the same license: Cyprus, Luxembourg, Spain and France.
deVere Germany GmbH is registered in the commercial register of the local court of Frankfurt am Main under HRB 55281.
deVere Group Limited GmbH (Switzerland) is authorised by the PolyReg General Self-Regulatory Organisation.
deVere Hong Kong Limited is registered as an Authorised Insurance Broker and is regulated by the Hong Kong Confederation of Insurance Brokers (CIB).
deVere & Partners Japan is authorised and regulated by the Kanto Local Finance Bureau, investment advisory business licence register.
deVere Investment South Africa (Pty) Ltd is an Authorised Financial Services Provider in South Africa and is regulated by the Financial Services Board.
deVere and Partners (UK) Ltd is authorised and regulated by the Financial Services Authority (469151).
deVere Malaysia is authorised and regulated by the Labuan Offshore Financial Services Authority (LOFSA).
deVere Uganda is authorised and regulated by the Capital Markets Authority (CMA).
deVere USA, Inc is authorised and regulated by the Florida Office of Financial Regulation (Florida).