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Devere Group's reply to:

Devere Group - Personal Data Breach & Strategic Fund suspension lack of updates

In the last year I had had already 3 advisors in Devere. Their advice has been poor and It made me invest -despite the fact I was not looking for much risk- in the Strategic Growth Fund that has been suspended since 2013. I have not received any updates on this since more than years now. Last month my advisor (Mark Gibson) from Devere left the company along with his assistant. After that I received an email from them from a Hotmail email account to try to get in touch with me! probably they wanted me to do business with them outside the company. My Personal information was taken and now it is who knows where!!!! I find this disgusting!!! I am going to take legal action against devere for all this!!! So far I had had only loses in my investments of almost 10 years! I can not recommend this company to anybody! I want now to suspend Devere as my advisor for good! Do not trust them! Miguel Mena.
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#1280636 Review #1280636 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Cold calling my employer - harassment!

Over the past twelve months I have had at least six calls at my employer's office by deVere group staff (from the Munich and Frankfurt office, apparently) who have found my details on LinkedIn. They claim that they want to make me an offer, and check the relevance of the offer. So why don't they contact me on LinkedIn if they stalk me there anyway? I can read messages, and assess the relevance in that way, too. Why call my employer? I have repeatedly said that I do not wish any more calls, and that it is inappropriate to call my employer. It bothers my colleagues, it is cutting into my working time. This is harassment. Severe professional misconduct. Stop these calls!
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#1272219 Review #1272219 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Unethical contact

I am disgusted that De Veré Spain have contacted my employer to try and get hold of me to sell me products!! From one line in my LinkedIn profile and after sending me a request which I ignored Michael contacted my employer to track me down and has advised me he has done nothing wrong. This is totally unacceptable and un ethical, my company has a strict social media policy which is written into my contract so to take my employers name and details from my profile is totally out of order and I would like to know how you are not doing anything wrong by doing this? Send me invites or messages to me I understand as I then have the choice of what to do, but to find a phone number for my employer and track me down is wrong. To add to this I am currently off after a work accident and had a scan yesterday so my employer thought it was someone trying to get hold of me urgently regarding this so you had my boss contacting me at 11.30pm to make sure I had the message!! I cannot tell you how angry I am over this and look forward to understanding under which privacy /data laws etc., you are allowed to to complete this?
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#1262315 Review #1262315 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - It cant be to pay feas for 70% this is a fraude

I have canceled today my account by deVEre and the want what we pay 70% feas for the cancelation!!!!! What seems to me me like a fraude! 10years they never contaced us or help us with our account. 10 years with out emails foncalls or personal contact! but in the moment what cancelt the account what a biti!!!! What is not a company to trust! Hi Reiner, I can direct you to the relevant team to fully surrender your policy but you should note the following. Your current value is xxxxxxx EUR and if you fully surrender you will receive XXXXX EUR (less when 30%) meaning you will lose approximately XXXXX EUR (70% FEES). If you are still happy to proceed with a full surrender let me know and I will ask the team to begin the process for you. However if you would like to discuss your options then I am available to call you today. Thank you. Kind regards, Rushan Silva Rushan Silva| Client Services Associate ------------------------------------------------------------ Direct line: +356 2256 6253 Direct Email: rushan.silva@devere-group.com deVere Group Global Client Services Tel: +356 2256 6900 Email: csvhelp@devere-group.com Website: www.devere-group.com
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#1243786 Review #1243786 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group - Iyad Hayel Stay away from us

He is continuing to call us saying he works for deVere. He has been asking for money. He now goes by Ian. please do something about this guy. He has called us repeatedly asking for money. then he offered us some internet deals saying he has gold connections around the world. He also claims to work with Lux and Swiss banks. He then said he can open accounts for us where we can invest every month. We said no because we realize he is a conman. Stay away from Iayd Hayel, he is a vile toxic person that lies and cheats. Please check because he is still using DeVere business cards. you must take this vile person to court.
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#1131656 Review #1131656 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Dubai, Dubai - DeVere have lost my wife and I a lot of money and caused us a lot of stress

Devere Group - DeVere have lost my wife and I a lot of money and caused us a lot of stress
The attached png.-file is a copy of a complaint (Review #1097655), which I submitted on pissedconsumer.com on Sept. 7th, 2017. I can’t add an update to the complaint/review as I pasted it as a non-member I believe. Therefore I have opened this new complaint/review with the same title and attached the initial complaint/review as a png.-file. My update is as follows: In the response to my complaint Devere Group wrote - "...In this particular case, our dedicated Client Relations Department is now working with the client to resolve any issues they are having, not only with regards to the fund mentioned above, but their whole portfolio." To this day I still have not been contacted by the so called "dedicated Client Relations Department" from Devere Group, nor have I received any further information regarding the Strategic Growth Fund or any other funds under my policies! Furthermore, last week at least one of the policies fell almost 5,000 USD in the space of approx. a week! The value of that particular policy is now around 16-17 thousand USD into which I had initially invested over 40 thousand USD! Please help me get these guys! They sold me this plan after I had clearly and specifically requested a safe and secure, not aggressive, investment! My initial intention was to post this update as an update to the initial complaint on your website but I couldn't see how to do this. Best regards, Dallas Keown
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#1113449 Review #1113449 is a subjective opinion of poster.
Devere Group's reply to:

Devere Group in Dubai, Dubai - DeVere have lost my wife and I a lot of money and caused us a lot of stress

deVere has lost my wife and I a lot of money and caused us a lot of stress. They convinced us to purchase policies with a large portion of assets under the Strategic Growth Fund. Need I say more? These assets are now frozen (we were not warned in time to pull out in time like many others were) and if we surrender the policies we will forfeit the frozen funds and be charged a ridiculous "early surrender" fee which we were initially told will only apply if we surrender in the first 7 or 8 years, which have now passed. If that is not all bad enough, we were initially told that there are ongoing fees associate with having the accounts, but not exactly how much. We were lead to believe that these fees were not very high. Now, after so many years or poor performance (more or less constantly, not just during the financial crisis or other generally accepted poor periods), we have now finally found out from one of deVere's competitors (not from deVere themselves, who we had asked many times but who avoided the question), that we are paying 4.64%/annum, 2.78%/annum and 7.14%/annum for the 3 policies! In the 10 year period that we have been losing money with investment sold to us by deVere, world developed market equities have risen 110%!!!
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#1097655 Review #1097655 is a subjective opinion of poster.
Service
Investment Service
Devere Group's reply to:

Devere Group in Barcelona, Catalonia - Lost 22,500 Euro to Devere and Generali

Devere sold me a Generali Vision plan and made a huge commission. What they didn't tell me was that I was locked in for 25 years with a minimum payment of 1,000 euro per month. When I tried to cancel after 2-3 years I lost 22,500 euro of the money I had put in (the savings were worth 30,000 euro at the time). I admit that I didn't read the small print but that's not the point. The issue is that Devere Group provides advise based on maximising their own commission and not based on selling good investment products to the customer. Most index funds will make a lot more money over a 25 year period considering the fees of these funds.
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Review
#1050596 Review #1050596 is a subjective opinion of poster.
Product
Generali Worldwide Vision Retirement Plan
Devere Group's reply to:

Devere Group in London, England - Devere & partners / Generali

I was scammed out of several thousands of euros by Devere & Partners, who sold me a so-called Generali Policy. This happened as far back as 2010. I know that there are literally thousands of people who have fallen prey to this scam. The problem is: a lot of people seem to want to TALK about it; but nobody is interested in actually doing anything about it. I went as far as hiring a lawyer, who was based in London (UK). Mainly because that's where DeVere was when they stole my money! My lawyer understood my situation, but he advised me that to let it go, because: the legal fees alone would exceed the money which Generali had stolen from me. His advice: find as many people as you can, who were also scammed, and organize ourselves into a group. Then, launch a legal battle. I have been searching for anyone who is interested in taking this matter further. But, so far, have not found anyone with the balls to get up and fight these animals! As in: launching a legal attack on Generali and somehow getting back the money they stole from us. !! If anyone is serious about getting together to hire a lawyer, here's my email: darwell.steve@yahoo.com
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#1046013 Review #1046013 is a subjective opinion of poster.
Product
Generali Worldwide Vision Retirement Plan
Tags
  • devere scammers
  • deVere London
  • Generali international scams fraud
Devere Group's reply to:

Devere Group in Vevey, Vaud - I was seriously misled by a De Vere Group Switzerland Advisor and have lost 20% of my investment

I was an expat for a Swiss multinational for a number of years. I met with a representative, first name Tim, from De Vere Geneva who was referred to me by a colleague and as a result invested £51,280.37 from a U.K. pension into the product he recommended which was an RBS Autocallable note based on the Russian, Chinese and Brazilian indices. This product has just matured after five years and has not done well. However the performances of the indices are such that based on Tim’s assurances at the time my capital was supposed to be 100% protected. What he actually told me in writing was ‘In March 2017, if the product has not "called" then you will receive your capital back in full, unless one of the Indices is more than 50% down.’ On the date of maturity none of the indices were down more than 50% so based on this any reasonable person would assume that I would receive £51,280.37 GBP because Tim told me I would receive my ‘capital back in full’. In actual fact I will receive only £41,425.21 back because De Vere and their financial cronies have all taken a piece of the action i.e. nearly £10,000 or 20% of my original capital. All this from an investment that produced zero return over five years when most markets were red hot.. So clearly I was seriously misled by De Vere – receiving 80% of my original investment back is not the same as receiving ‘your capital back in full.’ I don’t think you can escape the reality that De Vere lied to me about this. As my legal friends would say : ‘res ipsa loquitar’ the facts speak for themselves. Having worked with a number of investment advisors over the years I have never worked with anyone who was so reckless with the truth. Based on my own experience and the other reviews I have read De Vere push high risk products with huge up front commissions for them and once you have signed up they lose interest. As a client you are only a means to an end and they appear to have zero interest in actually protecting your investments. Based on the actual facts I have noted above there is no evidence that you can actually trust what they say.
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#1030577 Review #1030577 is a subjective opinion of poster.