Reply by Devere Group

deVere Group work on a referral basis with clients recommending us to other people. We work hard as company to build a good reputation and try to serve the communities in which we work. If anyone does receive an impolite call we would urge them to contact our central office so that we can deal their complaints.
Author's
Moscow, Moscow
4 comments

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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Anonymous
#651099

i know someone who made 90k on a structured note that devere set up for him. Thats 90k in one year. Thats not bad going (towards the 300k)

Anonymous
to intheknow #654109

90k is a lovely sum.Consider that this represents 2% of the gross commission and you can see that the client invested 4.5m into the note.

DeVere get paid 5.5% by the note provider, and then build an additional 4% initial charge into the note. This means that the investor has actually had 427,500 ripped out of their initial investment - the investor will have also had an additional 7% ripped out of their investment if they used a bond wrapper. DeVere make a big deal out of the fact that they get exclusives with large institutions, to the benefit of their client base.

The only thing exclusive about their structured notes is the fact that no other advisory(used loosely) will ever punt such expensive products.They are brilliant at hiding the costs though.

Anonymous
London Borough Of Harrow, England, United Kingdom #650136

DURING A INDUCTION WITH DEVERE LAST YEAR AT HILTON LONDON, DEVERE REP SAID WE CAN EARN UP TO £300,000 PER YEAR.....CAN ANY DEVERE STAFF CONFIRM THAT PLEASE?

Anonymous
to MOSCOW ***-MEN #651075

As a client of them? NEVER.

As their employee? Not easy, but perfectly doable!

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