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Devere Group's reply to:

Devere Group - Beware *** men working at Devere Moscow

I am posting to advise on some of the past histories of Devere financial consultants. All of them are totally unregulated and some even have a criminal record in the UK. They are here pure and simple to rip potential clients off by signing them to ridiculously long savings periods with small returns. They are paid a very generous commission up front and at no time do they explain how long the initial period is for on the policies. There is one guy who owes Devere in excess of $50k in claw backs as he mislead a number of high profile clients during his stay there. The area Managers actively encourage the advisors to lie and evade answering questions so they can get their 4% overide. The training manager is taking backhanders from other competitors to pass leads and personnel. How do I know all this?? I worked at it for 5 years plus and now work for a reputable company in Moscow
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#444503 Review #444503 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group Lies!! *****WARNING*****

I have been a client of Devere's for 3 years and was sold a monthly savings plan and was advised by a likeable man who sold me a pack of lies saying that I would get this and that returns and they are experts in what they do! I found out that hardly any of the advisor's are qualified and are just car sales people or window salesmen, that are known for being pushy. I have had no help over my policy in the 3 years and it has lost over $10,000. I would Never recommend them to anyone and I am not Happy with their so called world class after sales service. What Service?
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#443469 Review #443469 is a subjective opinion of poster.
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  • regular savings
Devere Group's reply to:

Devere Group in Moscow, Moscow - Devere *** artists

I worked at Devere Moscow and left at the end of last year. The staple diet was lies, lies and more lies. FACT: There is no ongoing training given to new recruits. You are responsible for all your own costs including office costs. This is cunningly concealed in the reduced commissions received until you have passed your exams. Devere do not let you sit these exams for 18 months, during which time the 85% commission received has paid for your original training course in Malta, office costs and Darren Heights expensive "recreational" habits...The area managers even take a cut of the registration payment and commission on estate agents fee...So new recruits, ask yourself this, how come 44 consultants have left in the last 14 months and why are the company not allowed to operate in many countries other than un regulated territories?
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#413766 Review #413766 is a subjective opinion of poster.
Devere Group's reply to:

Be very careful about DeVere Group

I invested $1250 per month into one of their regular savings plans about 8 months ago. I was told the initial period was 3 months and if I stopped paying I would lose that money and the policy closed down. I accepted that as it seemed to be fair enough to me. However last month, due to unforseen circumstances, I could not continue the policy any longer and needed to cash in the small amount I had been putting away from month 4 onwards. When I tried to call my advisor his phone went to voice mail each time.I then tracked down the policy holder in the Channel Islands and after a lengthy process established that the paperwork given to me by the Devere consultant differed to the original documents at the company. I am going legal with this as it turns out my initial period runs for 18 months and not 3 as I was lied to by Devere. I am left feeling totally ripped off and do not trust this company to reimburse me as they have nor been willing to even discuss it with me personally. It probably won't make a big difference to them but I am telling everyone I meet in Moscow and Eastern Europe to avoid this company at all costs. It seems they hire loutish, aggressive, thugs that promise to help you but in fact just want to make a hefty commission. I know this company is not allowed to trade in certain areas of the world, lets hopee they get out of Moscow and everywhere else sometime soon.
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#409858 Review #409858 is a subjective opinion of poster.
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  • Frank the Yank
Devere Group's reply to:

Devere Group in Moscow, Moscow - Scammers!

I'm a brit working in Moscow, I was called on my private mobile number, I don't usually have this listed, by someone from DVP (this is the way they get around saying Devere, as I found out some many calls later!) he sounded like he was reading from a script but after a brief and boring intro he asked if I was free to meet his boss later that week. I asked why he wanted to see me as the script hadn't made it clear. He was very abrupt and said it would all be clear when the meeting was set. I was getting angry at this point and hung up. In the next 2 months i must have been called at least 7 times, the caller used some unsavory tactics, such as a call at gone 9-15pm when I was out entertaining clients.Eventually, i decided to check them out and I can't really say I was surprised to find all these similar negative comments on here. I did find a moscow office number for them and it's 495 258 9671Keep up the good work and don't use this company. EVER!
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#408104 Review #408104 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Moscow, Moscow - Looking for work

got a position with rip off merchants devere and co. paid for training in malta, flights, hotel food. then had to pay for flights, flat inc cash payment to darren heights friend for "admin" £1100!! on 2nd day in moscow got invited for a drink, came to work the following day and was told i smelt of alcohol...I was fired on the spot, no money, flight or place to live other than at my cost. My area manager was a complete alco himself and i have since heard a serious drug habit (as have a lot off devere managers)
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#408102 Review #408102 is a subjective opinion of poster.
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  • luckyescape40
Devere Group's reply to:

Devere Group in Moscow, Moscow - DeVere *** artist misleading sales pitch cost me $22,500

DeVere consultant Taner Kaplankerim has sold me a saving plan with Generali, misleading me to believe that I can withdraw all my money if not satisfied with performance after the initial investment period (18 months). In reality, when I performance was miserable and I wanted to withdraw my money, they showed me surrender value of $3.5 K on my investment of $26 K. The rest was consumed by "administrative fee" of 2% per annum, but charged upfront on all the money that I would ever contribute over a 20-year period. They even did not show the breakdown of charges, but the fact is that Generali pays its agents (DeVere) upfront high comissions, and then charges it on the customer.
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#380571 Review #380571 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Moscow, Moscow - DeVere charges

There's an agreement between deVere and institutes to have commission paid up front to the detriment of client's investment performance. That is why the salesmen push and close close close because it is worth a Lot of money to them. Most of the time 50-60k usd on 25year plans. The client loses every time! You cannot drop contributions down once the plan has started otherwise you pay fees based on the original investment amount. Also you shall never receive the initial contribution period back because it is swallowed to cover the salesmen's commission.THEY ARE RICH!! Fair play, jet don't fool for the older trick in the book!
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#310890 Review #310890 is a subjective opinion of poster.
Devere Group's reply to:

DeVere group

This company have shown negative performance on all products because fees cover the salesmen's salaries FACT! Unlucky consumers if you try these guys! Go to Generali's ombudsman for help in Guernsey for refunds! If you were misled or or lied to claim money back. They are the same as Pacific Continental. Nigel Green is another Steven Griggs! Boiler room merchant as well as Mike Coady, Steve Rigby and Darren Height! Salesmen have Partner business cards to gain credibility but they are just *** men that spend there money paying debts and *** as well as getting drunk. Spencer Lodge was in prison and also while drunk bid for an Elton John auction and refused to pay so deVere asked him to work undercover. Spencer was a director in the middle east check him out on google!
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#310592 Review #310592 is a subjective opinion of poster.

Contact Devere Group Customer Service

Mailing Address:
DeVere Group GmbH
281 Seefeldstrasse
Zurich, Switzerland 8008
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Devere Group Products and Services Reviews

Devere Group's reply to:

Devere Group in Moscow, Moscow - De Vere Group Regulation

Can anyone tell me if De Vere Group is regulated by any Financial Services groups? I have been sold a Generali International savings plan with no information about the charges. I am based in Moscow and have been poorly advised. I understand there is the UK financial services ombudsman and European consumer financial complaints network ("FIN-NET"). Does any one know if Russia has advanced to this level of financial regulation? But in short it's clear my consultant has no interest in my financial future, only his own, and has no financial knowledge or acumen, or even a basic understanding of mathematics to be honest. Regards Poor me!
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#242434 Review #242434 is a subjective opinion of poster.