Reply by Devere Group

deVere consultants are fully qualified financial advisers. New recruits receive comprehensive training on the island of Malta, where deVere Group provides all training and accommodation at no cost to the recruit. Once training is complete, recruits get the opportunity to work in one of our 70 global offices.
Beijing, Beijing

Don't work for them, the role is nothing like the recruiters and trainers have you believe, they are nothing more than glamourised time share salesmen who care for no one. I worked for them in Asia following a weeks training in London, they told me i would have a coordinator with a diary full of appointments but when i arrived there was nobody there and all the mangers said was go out and find your own way.

This apears to be the norm in most devere offices, sink or swim attitude and throwing more and more mud at the wall hoping some of it will stick. Don't buy from them they have the worst reputation in the industry for client service only caring about the commisions they make.

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deVere (via Nigel Green, the CEO, Steven Luckett, the global recruitment director and others) are professional scam artists specializing in ripping British expats off as well as draining their own financial consultants out of money and sexually abusing their female professionals.

Currently they are feverishly recruiting young professionals in Spain, Portugal, Ireland and other western European countries where as a result of the financial crisis many have lost their jobs, but still have some savings left in order pay these criminals tribute for being f...d over.

A year ago my friend was cheated out of $ 20 000 after being promised riches (no less than GBP 120 000 a year!!) and a splendid career. During a week-long deVere financial consultants' training course in Malta at the end of which (according to the excited cries of Steven Luckett, hopping around madly with patched up trousers at deVere presentation) participants had to stand an official independent financial adviser exam, she was approached by one of deVere representatives with an open offer to 'treat his male parts', in exchange for them 'making sure she got promoted'. As she refused, the representative suggested later on on the course that she 'lacked necessary sales skills' so to fail her deliberately and get rid of a living stain on his reputation.

As it turned out, she would have been luckier to have failed the course than having been selected for the position of a financial consultant.

Still not convinced? Read on.

DeVere consultants do NOT get 120 000 a year and they do NOT get a professional IFA qualification. This is just a bait for the gullible who believe Steven Luckett, Nigel Green & Co. are telling the truth just because they cannot IMAGINE being fooled by a company with a beautiful website and (seemingly) a lot of connections, in the most outrageous way.

After having passed the 'course', she had to spend another three weeks in Malta at her own cost, because Steven Luckett's announcement that 'deVere will arrange you everything, including visas and employment permits!' turned out to be an outward scam. After finally getting the visa on her own and moving to the destination country, she also discovered that she had to 'contribute' towards their office, heating, coffee, rubbish, toilet paper etc. costs. There were no computers at the office as they could not afford to pay for the Internet!!!

Furthermore, please note: 'contribute' as it is understood in deVere, means to pay your share off completely or not get any commission. Phone bills she had to cover on her own - quite a feat if cold-calling and trying to attract angry for being pestered people takes you 95% of your working time, as it 'is not up to the company to give you leads' (what did we train you for?!).

After having lived for 3 MONTHS on her own and her parents' money, it finally dawned to her that the well-deserved commission was due to her at this rate no sooner than by 2050.

She quit the company and is a living proof that a loss of $20 000 and a sore *ss is all you can get from these beggared scammers, sexual predators who have apparently come from a slum.

Be on your guard


This company is biggest ***... Don't trust them. Don't work for them


I worked for devere very very briefly until I realiized the complete junk they were selling people. I had all the UK qualifications as I was a UK based IFA looking to move abroad. I was pretty unique though. Just about everyone at my office were ex double glazing/car sales/phone sales you name it (one guy was a carpet salesman just two weeks before joining the office and was within days giving advice on people life savings!!!!), they didn't have a clue what they were talking about. When I went for the job I was told that they were not fussed about qualifications they just wanted people who could sell this financial rubbish.

Sorry, you have no way of complaining about these people because they are not a real IFA business they just pretend to be, so they dont have any regulator or ombudsman.

I have a tel number of an investigative reporter at the BBC if you want it.

What you need is some global publicity about what this company is really about and that they are not real IFAs but just a direct sales company selling unregulated products that pay whopping commissions and as a rule underperform the financial markets big time.


I have lost all my money with them.

So upset my life savings, my pension


Do not trust them


Do you need any sort of Qualifications to work for devere-group?


deVere and Partners again are changing their name to devere investment south africa or where ever it is.

Wounder why they are changing their name?

I worked for a while in JHB and never again.

Please if anyone is looking to work for them read everything on this site before doing so.



KYC News 2002.

It seems that Britex is now trying to establish itself under the name of Devere and Partners. Devere and Partners was originally to be the Britex operation in Hong Kong with around 20 consultants making cold calls (illegal in Hong Kong) to people at their places of work promoting the Imperial Consolidated fund amongst other products from a small office in central Hong Kong.

KYC News Inc. 2002

Offshore alert has received several inquiries over the last month from people around the world who have invested with Imperial Consolidated's offshore mutual funds. Some of them said they invested through a broker called Britex International.

The Independent May 2010

Mr Marchant was the first to raise concerns about Imperial Consolidated, a financial group that sold investments promising returns of 15 per cent a year to UK expats across the world. It collapsed in 2002 after losing up to £200m of investors' money and became the subject of a Serious Fraud Office probe.

Monetary Authority of Singapore statement 2008

IAIS is wholly owned by the deVere and Partners group. IAIS allowed 8 of its representatives to conduct financial advisory services in Singapore without holding a valid financial adviser’s representative’s licence under the FAA, in breach of a condition of its financial adviser’s licence and hence, section 13(1) of the FAA. MAS is separately reviewing possible action against the unlicensed representatives.

IAIS also carried on business as an exempt insurance broker under the Insurance Act by distributing accident and health insurance products. In breach of regulation 11 of the IIR, IAIS failed to notify MAS that it was doing so. In breach of regulations 3 and 4 read with regulation 6 of the IIR, IAIS also failed to meet the minimum paid-up share capital requirement of $300,000 and professional indemnity insurance requirement.

The contraventions were uncovered by MAS during its inspection of IAIS in September 2007 following a series of complaints against the company.

The Independent May 2010

"Where a financial adviser is based in the UK and gives negligent advice in relation to offshore products, there isn't generally a problem," says William Ellerton of solicitors Bevans. This is because, in nearly all cases, the adviser will be insured and regulated by the Financial Services Authority (FSA).

"This means that a disappointed investor will be able to claim compensation."

The same may not be true for expats. "Financial advisers operating abroad are not bound by FSA regulations, which require that they fully understand the investor's risk profile and investment objectives. This lack of regulation can lead to some appalling cases of mis-selling, particularly where advisers are chasing generous commission payments from the funds."






How many days holiday do you get?


JPS, that FSA link is about Chase de Vere, which is a different company.


has anyone have anything good to say about DEVERE.


That last comment goes to rambo aswell, i was a co-ord mate, you get paid commission only and its 3 weeks after your 1st deal, so if you get a new consultant that doesnt know what theyre doing and doesnt do a deal for a month, then your gna have to live off your own money for 2 months, which is extremely hard. the working hours are a joke aswell, and they do this thing called 'power hour' where you HAVE to stand up for ages just constantly making calls. my advice would be make sure you have enough money to be comfortbale for at least 3 months and enough to get home.


Pur3737 - Do not work for them, i got massively *** over and that was by my own uncle. theyre all a bunch of *** houses.


Pur3737 - I worked for these shifty toe-rags and you will regret it big time. Trust me - Don't do it!!!!!!


Hi there I came across deVere Group website while searching for career change, I was impressed by them but after reading these comments I will thread carefully. I was interested in applying for positions in Thailand in an FIS.

I am a Law Graduate and a good sales lady.

Can anyone advise me on a reputable firm to work for. After reading the reviews I am so shocked at the behaviour within deVere.


I have worked for deVere before and im here to tell you what they don't. The people at the training day are mere salesmen just like anyone at deVere and dont tell you the complete truth.

They lure you in with false promises and naively i bought into it but know that once you have booked the flight they know that they have sold you and the dream quickly turns into a nightmare as from there they don't care, in fact they didn't even bother to tell me on the visa requirements so when i was at the airport i had to pay for another ticket. Your chances from there are slim and none, as it is dog eat dog environment and they take no prisoners. I never did get paid my flight or my accommodation in the end and was lucky not to end up bankrupt.

I wont say don't go as you are your own person but me like everyone else on here have a duty to tell you what they are really like but what i will say is DEMAND TO SEE THE CONTRACT TO WHAT OFFICE YOU ARE ASSIGNED BEFORE YOU LEAVE. You are at least entitled to that and then you have something to legally fall back on if they refuse to pay you and you can see the real truth, that's the only bit of advice i can give.

Good luck buddy, i think you may need it.


I am due to start as a co-ordiator in the next few months, can any ex employees please give me some advise as i am now abit worried after reading this.

i understand that i pay for 50% of my flight and accomodation, but id like some info on 'real pay' id get, i may have to go in to my savings for this and before i do, id appreaciate the advise.


Stay well away from Devere.

The whole company is a scam! They rip off employees and clients alike by witholding information about front loaded commissions (they will always try to sell a 25 yer - max lenght - plan to everybody because that generates the highest commission) and they with hold commission earned by employees when they hand in their notice - which is illegal.

There are plenty of reputable financial services companies that provide compliant, ethical advice to their clients and treat both their clients and employees fairly.



Devere...can anyone who has worked for them pm me or email me privately. I am suppossed to go for an interview next week