Reply by Devere Group

deVere Group are proud to offer industry standard qualifications to all new recruits who train with us. This has been the driving force behind our continued global success resulting in 70,000 active clients around the world. The financial service industry is not suited to everyone as it requires long hours and hard work. But by working hard, being honest and offering sound impartial financial planning to clients, you can create a very rewarding career for yourself.
Author's
Pasig, Manila
2.2K views
19 comments

yeah, the recruitment process is all a lie...i was a recruiter for them in manchester...

we were given a sales pitch to say down the phone to "sell" the job. we were even given sales training. Yep you get a basic salary, but only for a maximum of 3 months... we are not allowed to tell you this.

We are not allowed to "recruit" people in for a presentation from certain nationalities or with accents. you cannot got to any location you like... they will sell to you the location they want you to go to. You do have to pay office costs, we say you don't but just wait until you get your contract at the end and read the small print- you have to pay for all your phone bills, furniture, rent, coordinator costs- yeah you have to pay if you WANT a coordinator.

We told you you get a coordinator as soon as you get there... no you don't- you have buy one.

We tell you we cover the costs of your qualifications- no we don't, it is clawed back through your commission.We told you the commission is uncapped- it is capped in certain locations- 10k in the first, and increases year on year...

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Anonymous
#644985

devere get around the cold calls by withholding their telephone number. It is almost impossible to prove you were cold called so that how they get away with it. Easy!

Noneeded
#607590

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. Buy list of emails in the net, there are reasonably cheap and may help you to reach an incredible number of people in one hit.

Starshollow
Munich, Bayern, Germany #594698

@ Andy

Quote: Being such a large firm they follow a huge number of regulations across the globe, and will always make sure they follow the regulations to the hilt as it is not worth it not to. These regulations are certainly not easy to obtain and very easy to lose. I think anyone reading the extraordinary allegations on this site should bear that in mind

This is total nonsense - they do not care about regulations, at least in Germany and Switzerland they don't, nor for the most simple and basic consumer protection rights. In Germany their activities are entirely illegal because they are not licensed to offer insurance and investment advice in Germany and passporting rights do not apply - especially not if your comission based salesmen (they clearly are not advisors) are not licensed either. In Switzerland disgrundlet clients already have received confirmation that DeVere holds no license to operate as financial advisors.

I can't speak for the rest of the world, but these rules and regulations both in Germany and CH are easy to get information about and not too hard to obtain if you play by the rules.

In short:

1. DeVere violates the German cold-calling laws in full knowledge of them violating the law

2. DeVere and its local advisors are not registered nor licensed to offer financial or investment advice in Germany. The claimed to be passporting under IMD rules from Belgium in the past (see old DeVevere documents and...

3. DeVere does not disclose their status properly upon first contact a is required in all European directives to this regards. Nor do they disclose in full EUR the costs of the insurance and investment products sold already with the quote, as is also required by law (because nobody would sign a GENERALI VISION plan if the costs would be stated clearly). They do not ascertain the financal status of clients properly and their experience in investing - also required under consumer protection laws in Germany and most regulated countries.

Such a blatant violation accross the board knows no excuse - it is a willfull modus operandi to violate the laws and consumer protection rights. And then Nigel Green says in a video when asked about the countries they were evicted from: oh, who can now all these different regulations in the different countries?..... are you kidding - if you run a decent business, this is the first you care about.

But time is running out on you guys now in many countries....

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Anonymous
to Starshollow #619553

Oh dear, another clever post loaded with inaccuracies.....

Anonymous
to Starshollow #658189

Great post & all true. We know deVere have been violating all countries laws that they operate in. Someone should be going to every country they're active in to see the regulator armed with all the info about their unscrupulous activities in Europe.

I know in Asia they are breaking employment laws amongst many other laws.

How do I know? Because I worked for them & know they give out fake work permits in one country. :zzz

Anonymous
Dubai, Dubai, United Arab Emirates #593128

Spot on mate.I didnt fail Devere, i left because of their Bullshite.

Its like the blind leading the blind, you give your money to people that dont even know what Index's are or what the FTSE 100 is. IVE SEEN IT FIRST HAND.

Its a joke.Nothing more to say.

Noneeded
#589369

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!!

Noneeded
Zurich, Zurich, Switzerland #589368

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!!

Anonymous
#582653

I'd say there are may people on this site that are talking through personal experience with said company. deVere always try that same old chestnut "these people didn't make the deVere grade".

BOLLO*KS It's only a matter of time before they implode.

Anonymous
#581301

Makes me laugh how much venom you losers have !

Basically everyone in deVeres who is successful is a *** man or dodgy !?

And everyone that leaves does so because they are great , hardworking , ethical candidates ? Hahahaha

the mating call of the losers !

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