I have been based in the Asia pacific region for a quite a while now and I have sat down with quite a few independent financial advisors.The cherry on the cake came when I agreed to sit down with one of DeVere's financial advisors in Hong Kong.
The advisor in question Charlie Reeves clearly had no idea what he was talking about?. When asking him about several fees and returns on products I later found out that the estimates given to me were nowhere close to reality:. I called Generali to enquire about his "reputation" in Hong Kong and they had never even heard of him,. I checked with the CIB (Confederation of Insurance Brokers) and it turns out he was not registered with them either yet he mentioned being regulated in HK|.
He left me with some information on a structured note?. I was appalled just by the fact that a company would send someone like that to pitch their products,. Furthermore how does the Hong Kong government allow this to happen? Also beware of DeVere after considerate research it turns out they are known worldwide for their pushy sales tactics and high commission earnings,.
They have been kicked out of Singapore and several other countries:.
It is very important to ask them for their CIB registration number and HK ID card/number in order to avoid further confusion when dealing with this company.